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The closing price of Zai Lab Limited ADR (NASDAQ: ZLAB) was $24.84 for the day, down -5.73% from the previous closing price of $26.35. In other words, the price has decreased by -$5.73 from its previous closing price. On the day, 0.89 million shares were traded. ZLAB stock price reached its highest trading level at $25.87 during the session, while it also had its lowest trading level at $23.7001.
Ratios:
Our analysis of ZLAB’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 3.29 and its Current Ratio is at 3.46. In the meantime, Its Debt-to-Equity ratio is 0.12 whereas as Long-Term Debt/Eq ratio is at 0.01.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Morgan Stanley on December 14, 2023, initiated with a Overweight rating and assigned the stock a target price of $47.50.
On August 10, 2023, Cantor Fitzgerald started tracking the stock assigning a Overweight rating and target price of $70.
On January 21, 2022, Macquarie started tracking the stock assigning a Outperform rating and target price of $64.Macquarie initiated its Outperform rating on January 21, 2022, with a $64 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Oct 02 ’24 when Chen Yajing sold 301 shares for $25.40 per share. The transaction valued at 7,645 led to the insider holds 15,161 shares of the business.
Chen Yajing bought 301 shares of ZLAB for $7,645 on Oct 02 ’24. On Sep 26 ’24, another insider, Reinhart Harald, who serves as the Former Officer of the company, bought 60,000 shares for $22.00 each.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ZLAB now has a Market Capitalization of 2474282496 and an Enterprise Value of 23831564288. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.63 while its Price-to-Book (P/B) ratio in mrq is 3.46. Its current Enterprise Value per Revenue stands at 73.848 whereas that against EBITDA is -69.36.
Stock Price History:
Over the past 52 weeks, ZLAB has reached a high of $31.22, while it has fallen to a 52-week low of $13.48. The 50-Day Moving Average of the stock is 24.32%, while the 200-Day Moving Average is calculated to be 26.98%.
Shares Statistics:
ZLAB traded an average of 640.51K shares per day over the past three months and 909230 shares per day over the past ten days. A total of 99.12M shares are outstanding, with a floating share count of 98.53M. Insiders hold about 0.59% of the company’s shares, while institutions hold 42.60% stake in the company. Shares short for ZLAB as of 1726185600 were 5415759 with a Short Ratio of 8.46, compared to 1723680000 on 4714558. Therefore, it implies a Short% of Shares Outstanding of 5415759 and a Short% of Float of 6.260000000000001.
