Lazard Inc (NYSE:LAZ) shares, rose in value on Friday, November 22, with the stock price up by 1.02% to the previous day’s close as strong demand from buyers drove the stock to $57.70.
Actively observing the price movement in the last trading, the stock closed the session at $57.12, falling within a range of $57.05 and $57.925. The value of beta (5-year monthly) was 1.364 whereas the PE ratio was 22.95 over 12-month period. Referring to stock’s 52-week performance, its high was $61.14, and the low was $26.50. On the whole, LAZ has fluctuated by 13.40% over the past month.
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With the market capitalization of Lazard Inc currently standing at about $5.22 billion, investors are eagerly awaiting this quarter’s results, scheduled for in December. The company’s Forward Dividend Ratio is 2.00, with its dividend yield at 3.47%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 2.87B, with a low estimate of 772M and a high estimate of 824M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 794.63M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that LAZ’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 11.47, with the price of LAZ currently trading nearly 4.59% and 9.92% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 62.08, while the 7-day volatility ratio is showing 2.34% which for the 30-day chart, stands at 3.29%. Furthermore, Lazard Inc (LAZ)’s beta value is 1.37, and its average true range (ATR) is 1.77.
A comparison of Lazard Inc (LAZ) with its peers suggests the former has fared considerably weaker in the market. LAZ showed an intraday change of 1.02% in last session, and over the past year, it grew by 111.20%%.
Data on historical trading for Lazard Inc (NYSE:LAZ) indicates that the trading volumes over the past 10 days have averaged 0.68 and over the past 3 months, they’ve averaged 694.94K. According to company’s latest data on outstanding shares, there are 87.43 million shares outstanding.
Nearly 2.66% of Lazard Inc’s shares belong to company insiders and institutional investors own 91.42% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 2.6 million shares as on 2024-10-31, resulting in a short ratio of 3.97. According to the data, the short interest in Lazard Inc (LAZ) stood at 298.00 of shares outstanding as of 2024-10-31; the number of short shares registered in 2024-09-30 reached 2.89 million. The stock has risen by 65.80% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the LAZ stock heading into the next quarter.
