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Kezar Life Sciences Inc. (NASDAQ: KZR) Is A Promising Stock

Kezar Life Sciences Inc. (NASDAQ:KZR) traded at $6.80 at close of the session on Monday, 01/23/23, made an upward move of 5.92% on its previous day’s price.

Looking at the stock we see that its previous close was $6.42 and the beta (5Y monthly) reads 0.26 with the day’s price range being $6.29 – $7.025. In terms of its 52-week price range, KZR has a high of $18.55 and a low of $4.30. The company’s stock has lost about -1.02% over that past 30 days.

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Kezar Life Sciences Inc. has a market cap of $452.68 million and is expected to release its quarterly earnings report on Mar 15, 2023 – Mar 20, 2023. Estimates by analysts give the company expected earnings per share (EPS) of -$0.27, with the EPS growth for the year raised at -$1.1 for 2022 and -$1.18 for next year. These figures represent -5.80% and -7.30% growth in EPS for the two years respectively.

There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the KZR stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 100% Sell. Long term indicators on average place the stock in the category of 100% Sell.

Based on estimates by 6 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 0 have rated the Kezar Life Sciences Inc. (KZR) stock as a Hold, while 6 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.

Looking further, we note the current price level is 1.65% off its SMA20 and -3.63% from its 50-day simple moving average. The RSI (14) is pointing at 50.70 while the volatility over the past week is 6.83% and jumps to 7.50% over the past one month. The beta value is 0.22, while the average true range (ATR) is currently pointing at 0.49. The average price target for the stock over the next 12 months is $17.25, with the estimates having a low of $14.00 and a high of $21.00. These price ends are -105.88% and -208.82% off the current price level respectively, although investors could be excited at the prospect of a -150.0% if the KZR share price touches on the median price of $17.00.

Let’s briefly compare Kezar Life Sciences Inc. (KZR) stock to its peers. We find that current price change of 5.92% and -44.81% over the past 12 months for KZR competes that of Johnson & Johnson (JNJ), which has seen its stock price fall -0.25% in the last trading session and was 1.85% over the last one year. Another of its peers Eli Lilly and Company (LLY) has dropped -1.12% previous session, and was 40.75% up over the past year. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial were at 1.19% and 0.76%, respectively, at close of the trading.

Coming back to Kezar Life Sciences Inc. (NASDAQ:KZR), we note that the average 3-month trading volume was 640.53K, while that of the preceding 10-day period stands at 0.77 million. Current shares outstanding are 72.15 million.

The insiders hold 1.10% of the company’s shares while institutions hold 86.30%. The data shows that short shares as of Oct 13, 2022, stood at 6.42 million at a short ratio of 5.38. This represents a 9.39% short interest in shares outstanding on Oct 13, 2022. Shares short fall in October from the previous month at 7.14 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -3.41% down in year-to-date price movement.

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