With 1.93 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.78 million shares. The 52-week range on ZLAB shows that it touched its highest point at $36.60 and its lowest point at $13.48 during that stretch. It currently has a 1-year price target of $50.12. Beta for the stock currently stands at 1.17.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ZLAB was up-trending over the past week, with a rise of 0.27%, but this was up by 25.05% over a month. Three-month performance surged to 20.87% while six-month performance rose 73.91%. The stock gained 62.06% in the past year, while it has gained 29.82% so far this year. A look at the trailing 12-month EPS for ZLAB yields -2.60 with Next year EPS estimates of 0.34. For the next quarter, that number is -0.51. This implies an EPS growth rate of 37.82% for this year and 120.89% for next year.
Float and Shares Shorts:
At present, 109.14 million ZLAB shares are outstanding with a float of 108.11 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ZLAB since 2 analysts follow the stock currently. There are 2 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$2.35011 being high and -$3.14041 being low. For ZLAB, this leads to a yearly average estimate of -$2.68287. Based on analyst estimates, the high estimate for the next quarter is -$0.4 and the low estimate is -$0.45. The average estimate for the next quarter is thus -$0.43.
