Zai Lab Limited ADR (NASDAQ:ZLAB) shares, rose in value, with the stock price up by 5.80% to the previous day’s close as strong demand from buyers drove the stock to $38.28.
Actively observing the price movement in the recent trading, the stock is buoying the session at $36.18, falling within a range of $37.42 and $39.77. The value of beta (5-year monthly) is 1.075. Referring to stock’s 52-week performance, its high was $39.61, and the low was $13.48. On the whole, ZLAB has fluctuated by 11.34% over the past month.
With the market capitalization of Zai Lab Limited ADR currently standing at about $4.18 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-26.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 564.72M, with a low estimate of 116.4M and a high estimate of 121.92M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 118.39M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that ZLAB’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 price of ZLAB currently trading nearly 6.42% and 20.72% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 62.15, while the 7-day volatility ratio is showing 4.24% which for the 30-day chart, stands at 5.08%. Furthermore, Zai Lab Limited ADR (ZLAB)’s beta value is 1.11, and its average true range (ATR) is 2.01.
A comparison of Zai Lab Limited ADR (ZLAB) with its peers suggests the former has fared considerably weaker in the market. ZLAB showed an intraday change of 5.80% in today’s session so far, and over the past year, it grew by 140.00%%.
Data on historical trading for Zai Lab Limited ADR (NASDAQ:ZLAB) indicates that the trading volumes over the past 10 days have averaged 0.75 and over the past 3 months, they’ve averaged 854.90K. According to company’s latest data on outstanding shares, there are 109.14 million shares outstanding.
Nearly 0.94% of Zai Lab Limited ADR’s shares belong to company insiders and institutional investors own 51.10% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 7.92 million shares as on 2025-03-14, resulting in a short ratio of 5.97. According to the data, the short interest in Zai Lab Limited ADR (ZLAB) stood at 833.00 of shares outstanding as of 2025-03-14; the number of short shares registered in 2025-02-14 reached 7.58 million. The stock has risen by 46.16% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ZLAB stock heading into the next quarter.
