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Zentalis Pharmaceuticals Inc. (ZNTL) Is Touching $21.20: At This Price, The Risk Is Justified.

Zentalis Pharmaceuticals Inc. (NASDAQ:ZNTL) concluded the trading at $21.20 on Wednesday, November 23 with a fall of -1.30% from its closing price on previous day.

Taking a look at stock we notice that its last check on previous day was $21.48 and 5Y monthly beta was reading 1.88 with its price kept floating in the range of $20.785 and $21.745 on the day. Considering stock’s 52-week price range provides that ZNTL hit a high price of $85.95 and saw its price falling to a low level of $17.33 during that period. Over a period of past 1-month, stock came subtracting -6.90% in its value.

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With its current market valuation of $1.15 billion, Zentalis Pharmaceuticals Inc. is set to declare its quarterly results on Feb 22, 2023 – Feb 27, 2023. Analysts are in estimates of -$1.17 per share for company’s earnings in the current quarter and are expecting its annual EPS growth moving up to -$4.88 for 2022 with estimates of that growing to -$4.68 in next year. These estimates are suggesting current year growth of -31.20% for EPS and 4.10% growth next year.

In last 7 days, analysts came adjusting their opinions about stock’s EPS with no upward and no downward revisions, an indication which could give clearer idea about the company’s short term price movement. In contrast, when we review ZNTL stock’s current outlook then short term indicators are assigning it an average of 50% Sell, while medium term indicators are categorizing the stock at an average of 100% Sell. Long term indicators are suggesting an average of 100% Sell for it.

Digging deeper we become aware of the PEG ratio of the ZNTL stock which is currently positioned at 0. It further provides that stock’s current price level is -7.32% away from its 20-day simple moving average and is -6.09% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 44.75 while volatility remained at 5.15% over the past week which changes to 8.25% when measuring it over the past month. Average true range or ATR is currently at 1.64.

In comparing Zentalis Pharmaceuticals Inc. (ZNTL)’s stock with other industry players reveals that stock’s current price change of -1.30% and that of -71.99% over the past 12 months. Industry’s another major player Rogers Corporation (ROG) has rise 8.32% up in previous session, but over the past year has faced a fall of -59.94% over the same period. Zentalis Pharmaceuticals Inc. has a P/E ratio of 0 while Rogers Corporation is showing 28.36 for the same. On the other hand, the S&P 500 Index was up 0.59% in the last trading session while the Dow Jones Industrial closed the session higher at 0.28%.

Having a second look at Zentalis Pharmaceuticals Inc. (NASDAQ:ZNTL) provides that stock’s average daily trading volume for 3 months was 601.84K, while it jumped to 0.86 million when we calculate an average volume for past 10 days. Number of outstanding shares of the stock stood at 57.07 million.

The figures also indicate that as of Oct 13, 2022, number of stock’s short shares was 5.88 million which implies a short ratio of 9.14. This shows down a 10.31% of Short Interest in company’s outstanding shares on the day. In October the standing of shares short improved as it was 6.07 million in the previous month. Subtraction of -74.78% by stock’s current price to its year-to-date value in last trading session is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.

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