At the time of writing, Zai Lab Limited ADR [ZLAB] stock is trading at $17.09, up 0.59%. An important factor to consider is whether the stock is rising or falling in short-term value. The ZLAB shares have gain 5.17% over the last week, with a monthly amount drifted -13.25%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Zai Lab Limited ADR [NASDAQ: ZLAB] stock has seen the most recent analyst activity on December 14, 2023, when Morgan Stanley initiated its Overweight rating and assigned the stock a price target of $47.50. Previously, Cantor Fitzgerald started tracking the stock with Overweight rating on August 10, 2023, and set its price target to $70. On January 21, 2022, Macquarie initiated with a Outperform rating and assigned a price target of $64 on the stock. Bernstein started tracking the stock assigning a Mkt Perform rating. Goldman initiated its recommendation with a Buy. Guggenheim started tracking with a Buy rating for this stock on April 15, 2020, and assigned it a price target of $75. In a note dated July 12, 2019, BofA/Merrill initiated an Buy rating.
For the past year, the stock price of Zai Lab Limited ADR fluctuated between $13.48 and $31.22. Currently, Wall Street analysts expect the stock to reach $101 within the next 12 months. Zai Lab Limited ADR [NASDAQ: ZLAB] shares were valued at $17.09 at the most recent close of the market. An investor can expect a potential return of 490.99% based on the average ZLAB price forecast.
Analyzing the ZLAB fundamentals
According to Zai Lab Limited ADR [NASDAQ:ZLAB], the company’s sales were 322.71M for trailing twelve months, which represents an 45.95% jump. Gross Profit Margin for this corporation currently stands at 0.63% with Operating Profit Margin at -1.1%, Pretax Profit Margin comes in at -0.92%, and Net Profit Margin reading is -0.92%. To continue investigating profitability, this company’s Return on Assets is posted at -0.3, Equity is -0.38 and Total Capital is -0.48. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.12.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 16.92 points at the first support level, and at 16.74 for the second support level. However, for the 1st resistance point, the stock is sitting at 17.18, and for the 2nd resistance point, it is at 17.26.
Ratios To Look Out For
It is important to note that Zai Lab Limited ADR [NASDAQ:ZLAB] has a current ratio of 3.46. On the other hand, the Quick Ratio is 3.29, and the Cash Ratio is 2.9. Considering the valuation of this stock, the price to sales ratio is 5.25, the price to book ratio is 2.38.
Transactions by insiders
Recent insider trading involved Edmondson Frazor Titus III, Chief Legal Officer, that happened on Aug 19 ’24 when 1924.0 shares were sold., Smiley Joshua L completed a deal on Aug 16 ’24 to sell 4352.0 shares. Meanwhile, Officer Edmondson Frazor Titus III bought 1924.0 shares on Aug 19 ’24.
