Lazard Inc. (NYSE:LAZ) shares, rose in value, with the stock price up by 0.26% to the previous day’s close as strong demand from buyers drove the stock to $38.99.
Actively observing the price movement in the last trading, the stock closed the session at $38.89. Referring to stock’s 52-week performance, its high was $42.24, and the low was $25.82. On the whole, LAZ has fluctuated by -5.78% over the past month.
The company’s Forward Dividend Ratio is 2.00, with its dividend yield at 5.13%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 2.91B, with a low estimate of 608M and a high estimate of 680.57M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 649.79M.
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 0, with the price of LAZ currently trading nearly -1.19% and -0.57% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 48.85, while the 7-day volatility ratio is showing 4.12% which for the 30-day chart, stands at 3.00%. Furthermore, Lazard Inc. (LAZ)’s beta value is 1.46, and its average true range (ATR) is 1.26.
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 0.26% in last session, and over the past year, it grew by 20.34%%.
Data on historical trading for Lazard Inc. (NYSE:LAZ) indicates that the trading volumes over the past 3 months, they’ve averaged 1.14 million. According to company’s latest data on outstanding shares, there are 87.43 million shares outstanding.
Nearly 7.78% of Lazard Inc.’s shares belong to company insiders and institutional investors own 66.71% of the company’s shares. The stock has risen by 12.04% 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.
