A share price of Zai Lab Limited ADR [ZLAB] is currently trading at $19.94, up 1.99%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The ZLAB shares have gain 10.65% over the last week, with a monthly amount glided 8.13%, and 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.
Zai Lab Limited ADR experienced fluctuations in its stock price throughout the past year 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 $19.94 at the most recent close of the market. An investor can expect a potential return of 406.52% based on the average ZLAB price forecast.
Analyzing the ZLAB fundamentals
Trailing Twelve Months sales for Zai Lab Limited ADR [NASDAQ:ZLAB] were 322.71M which represents 45.95% growth. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.12.
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 19.36 points at the first support level, and at 18.78 for the second support level. However, for the 1st resistance point, the stock is sitting at 20.28, and for the 2nd resistance point, it is at 20.62.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Zai Lab Limited ADR [NASDAQ:ZLAB] is 3.46. In addition, the Quick Ratio stands at 3.29 and the Cash Ratio stands at 2.9. Considering the valuation of this stock, the price to sales ratio is 6.12, the price to book ratio is 2.78.
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.
