A share price of Zai Lab Limited ADR [ZLAB] is currently trading at $28.85, up 2.56%. An important factor to consider is whether the stock is rising or falling in short-term value. The ZLAB shares have gain 12.26% over the last week, with a monthly amount drifted -6.45%, and not seem to be holding up well over a long-time horizon.
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 $36.60. Currently, Wall Street analysts expect the stock to reach $75.5 within the next 12 months. Zai Lab Limited ADR [NASDAQ: ZLAB] shares were valued at $28.85 at the most recent close of the market. An investor can expect a potential return of 161.7% based on the average ZLAB price forecast.
Analyzing the ZLAB fundamentals
Trailing Twelve Months sales for Zai Lab Limited ADR [NASDAQ:ZLAB] were 355.75M which represents 47.72% growth. Gross Profit Margin for this corporation currently stands at 0.63% with Operating Profit Margin at -0.95%, Pretax Profit Margin comes in at -0.76%, and Net Profit Margin reading is -0.76%. To continue investigating profitability, this company’s Return on Assets is posted at -0.27, Equity is -0.37 and Total Capital is -0.48. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.17.
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 28.34 points at the first support level, and at 27.82 for the second support level. However, for the 1st resistance point, the stock is sitting at 29.29, and for the 2nd resistance point, it is at 29.73.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Zai Lab Limited ADR [NASDAQ:ZLAB] is 3.01. On the other hand, the Quick Ratio is 2.87, and the Cash Ratio is 2.15. Considering the valuation of this stock, the price to sales ratio is 8.77, the price to book ratio is 4.25.
Transactions by insiders
Recent insider trading involved Chen Yajing, Chief Financial Officer, that happened on Nov 04 ’24 when 167.0 shares were sold. Officer, Chen Yajing completed a deal on Nov 04 ’24 to buy 167.0 shares. Meanwhile, Chief Financial Officer Chen Yajing sold 301.0 shares on Oct 02 ’24.
