Kazia Therapeutics Limited ADR (NASDAQ: KZIA) – Analysts’ Views Revised To A Positive

Kazia Therapeutics Limited ADR (NASDAQ:KZIA) price closed lower on current market day and dropping -4.65% below its previous close.

A look at the daily price movement shows that the last close reads $0.53, with intraday deals fluctuated between $0.47 and $0.568. The company’s 5Y monthly beta was ticking 2.099. Taking into account the 52-week price action we note that the stock hit a 52-week high of $1.58 and 52-week low of $0.19. The stock added 52.10% on its value in the past month.

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Kazia Therapeutics Limited ADR, which has a market valuation of $11.87 million, is expected to release its quarterly earnings report in November.

Staying with the analyst view, there is a consensus estimate of 60k for the company’s annual revenue in current year.

Technical indicators in stocks provide crucial insights into market trends, guiding investors with precise entry and exit points based on price movements for informed decision-making.On the technical perspective front, indicators give KZIA a short term outlook of 100% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Buy, while an average of long term indicators are currently assigning the stock as 100% Buy.

Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 1 analysts have assigned KZIA a recommendation rating as follows: 0 rate it as a Hold; 1 advise Buy while 0 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the Kazia Therapeutics Limited ADR (KZIA) stock as Underweight, with 0 recommending Sell. In general, analysts have rated the stock Buy, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.

The overview shows that KZIA’s price is at present 24.75% off the SMA20 and 30.49% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 62.76, with weekly volatility standing at 21.26%. The indicator jumps to 11.50% when calculated based on the past 30 days. Kazia Therapeutics Limited ADR (NASDAQ:KZIA)’s beta value is holding at 2.12, while the average true range (ATR) indicator is currently reading 0.05.

An analysis of the Kazia Therapeutics Limited ADR (NASDAQ:KZIA) stock in terms of its daily trading volume indicates that the 3-month average is 1.49 million. However, this figure increases on the past 10-day timeline to an average of 2.31 million.

Current records show that the company has 23.63M in outstanding shares. The percentage share held by institutions stands at 1.79%. The stats also highlight that short interest as of 2024-09-30, stood at 0.31 million shares, which puts the short ratio at the time at 0.2. From this we can glean that short interest is 100.00 of company’s current outstanding shares. Notably, we see that shares short in September fall slightly given the previous month’s figure stood at 0.33 million. But the 14.31% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.

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