A share price of Zymeworks BC Inc [ZYME] is currently trading at $13.70, down -1.23%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The ZYME shares have gain 6.04% over the last week, with a monthly amount glided 10.57%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, H.C. Wainwright reaffirmed its Neutral rating on January 04, 2023, and dropped its price target to $8. On December 20, 2022, upgrade upgraded it’s rating to Buy and revised its price target to $11 on the stock. H.C. Wainwright downgraded its rating to a Neutral and decreased its price target to $8 on November 01, 2022. SVB Leerink downgraded its rating to a Mkt Perform but $8 remained the price target by the analyst firm on October 21, 2022. In a note dated May 05, 2022, Guggenheim upgraded an Buy rating on this stock but restated the target price of $14.
Zymeworks BC Inc experienced fluctuations in its stock price throughout the past year between $6.79 and $14.05. Currently, Wall Street analysts expect the stock to reach $17 within the next 12 months. Zymeworks BC Inc [NASDAQ: ZYME] shares were valued at $13.70 at the most recent close of the market. An investor can expect a potential return of 24.09% based on the average ZYME price forecast.
Analyzing the ZYME fundamentals
Trailing Twelve Months sales for Zymeworks BC Inc [NASDAQ:ZYME] were 62.71M which represents 174.82% growth. Gross Profit Margin for this corporation currently stands at -0.49% with Operating Profit Margin at -1.91%, Pretax Profit Margin comes in at -1.85%, and Net Profit Margin reading is -1.79%. To continue investigating profitability, this company’s Return on Assets is posted at -0.22, Equity is -0.26 and Total Capital is -0.26. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.05.
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 13.48 points at the first support level, and at 13.27 for the second support level. However, for the 1st resistance point, the stock is sitting at 13.94, and for the 2nd resistance point, it is at 14.19.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Zymeworks BC Inc [NASDAQ:ZYME] is 7.01. Also, the Quick Ratio is 7.01, while the Cash Ratio stands at 1.3. Considering the valuation of this stock, the price to sales ratio is 18.89, the price to book ratio is 2.41.
Transactions by insiders
Recent insider trading involved Galbraith Kenneth, Chair & CEO, that happened on Jan 05 ’24 when 18198.0 shares were sold. Chair & CEO, Galbraith Kenneth completed a deal on Jan 08 ’24 to sell 5706.0 shares. Meanwhile, SVP & Chief Financial Officer Astle Christopher sold 4563.0 shares on Jan 05 ’24.
