At the time of writing, Rezolute Inc [RZLT] stock is trading at $5.35, up 4.90%. An important factor to consider is whether the stock is rising or falling in short-term value. The RZLT shares have gain 10.08% over the last week, with a monthly amount drifted -2.73%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Rezolute Inc [NASDAQ: RZLT] stock has seen the most recent analyst activity on November 05, 2024, when Wedbush initiated its Outperform rating and assigned the stock a price target of $12. Previously, Guggenheim started tracking the stock with Buy rating on August 27, 2024, and set its price target to $11. On July 17, 2024, BTIG Research initiated with a Buy rating and assigned a price target of $13 on the stock. Craig Hallum started tracking the stock assigning a Buy rating and suggested a price target of $14 on June 04, 2024. Maxim Group initiated its recommendation with a Buy and recommended $8 as its price target on April 09, 2024. In a note dated June 15, 2022, Cantor Fitzgerald initiated an Overweight rating and provided a target price of $9 on this stock.
For the past year, the stock price of Rezolute Inc fluctuated between $0.76 and $6.19. Currently, Wall Street analysts expect the stock to reach $13.5 within the next 12 months. Rezolute Inc [NASDAQ: RZLT] shares were valued at $5.35 at the most recent close of the market. An investor can expect a potential return of 152.34% based on the average RZLT price forecast.
Analyzing the RZLT fundamentals
Gross Profit Margin for this corporation currently stands at 0.55% with Operating Profit Margin at -1231.9%, Pretax Profit Margin comes in at -1195.05%, and Net Profit Margin reading is -1195.05%. To continue investigating profitability, this company’s Return on Assets is posted at -0.56, Equity is -0.7 and Total Capital is -0.62.
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 4.99 points at the first support level, and at 4.63 for the second support level. However, for the 1st resistance point, the stock is sitting at 5.62, and for the 2nd resistance point, it is at 5.89.
Ratios To Look Out For
It is important to note that Rezolute Inc [NASDAQ:RZLT] has a current ratio of 13.79. On the other hand, the Quick Ratio is 13.79, and the Cash Ratio is 1.31.
Transactions by insiders
Recent insider trading involved Hogenhuis Wladimir, Director, that happened on Sep 24 ’24 when 4259.0 shares were purchased. Director, Hogenhuis Wladimir completed a deal on Jun 25 ’24 to buy 4815.0 shares. Meanwhile, Chief Medical Officer ROBERTS BRIAN KENNETH bought 4300.0 shares on Jun 14 ’24.
