Lazard Inc (NYSE:LAZ) shares, rose in value on Friday, December 13, with the stock price down by -0.97% to the previous day’s close as strong demand from buyers drove the stock to $53.00.
Actively observing the price movement in the last trading, the stock closed the session at $53.52, falling within a range of $52.4 and $53.595. The value of beta (5-year monthly) was 1.364 whereas the PE ratio was 21.08 over 12-month period. Referring to stock’s 52-week performance, its high was $61.14, and the low was $32.01. On the whole, LAZ has fluctuated by -3.55% over the past month.
With the market capitalization of Lazard Inc currently standing at about $4.79 billion, investors are eagerly awaiting this quarter’s results, scheduled for in January. The company’s Forward Dividend Ratio is 2.00, with its dividend yield at 3.77%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 2.85B, 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 792.63M.
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 50% Buy on average. However, medium-term indicators have put the stock in the category of 50% 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 10.54, with the price of LAZ currently trading nearly -5.33% and -2.26% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 41.22, while the 7-day volatility ratio is showing 2.79% which for the 30-day chart, stands at 2.70%. Furthermore, Lazard Inc (LAZ)’s beta value is 1.38, and its average true range (ATR) is 1.68.
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 -0.97% in last session, and over the past year, it grew by 59.02%%.
Data on historical trading for Lazard Inc (NYSE:LAZ) indicates that the trading volumes over the past 10 days have averaged 0.69 and over the past 3 months, they’ve averaged 719.49K. According to company’s latest data on outstanding shares, there are 90.47 million shares outstanding.
Nearly 2.65% of Lazard Inc’s shares belong to company insiders and institutional investors own 91.23% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 3.28 million shares as on 2024-11-29, resulting in a short ratio of 3.58. According to the data, the short interest in Lazard Inc (LAZ) stood at 376.00 of shares outstanding as of 2024-11-29; the number of short shares registered in 2024-10-31 reached 2.6 million. The stock has risen by 52.30% 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.
