Zai Lab Limited ADR (NASDAQ:ZLAB) price on Friday, May 02, rose 0.10% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $31.18.
A look at the stock’s price movement, the close in the last trading session was $31.15, moving within a range at $31.11 and $32.0. The beta value (5-Year monthly) was 1.094. Turning to its 52-week performance, $39.77 and $15.80 were the 52-week high and 52-week low respectively. Overall, ZLAB moved -14.41% over the past month.
Zai Lab Limited ADR’s market cap currently stands at around $3.42 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-26.
Turning to the stock’s technical picture we see that short term indicators suggest on average that ZLAB is a 50% Buy. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
2 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 2 recommend ZLAB as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
ZLAB’s current price about 2.53% and -7.09% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 47.45, while 7-day volatility ratio is 3.26% and 6.75% in the 30-day chart. Further, Zai Lab Limited ADR (ZLAB) has a beta value of 1.00, and an average true range (ATR) of 2.01. Analysts have given the company’s stock an average 52-week price target of $55, forecast between a low of $55 and high of $55. Looking at the price targets, the low is -76.4% off current price level while to achieve the yearly target high, price needs to move -76.4%. Nonetheless, investors will most likely welcome a -76.4% jump to $55 which is the analysts’ median price.
If we refocus on Zai Lab Limited ADR (NASDAQ:ZLAB), historical trading data shows that trading volumes averaged 1.0 over the past 10 days and 1.24 million over the past 3 months. The company’s latest data on shares outstanding shows there are 109.84 million shares.
The 0.94% of Zai Lab Limited ADR’s shares are in the hands of company insiders while institutional holders own 54.01% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 7.77 million on 2025-04-15, giving us a short ratio of 5.12. The data shows that as of 2025-04-15 short interest in Zai Lab Limited ADR (ZLAB) stood at 805.0000000000001 of shares outstanding, with shares short falling to 7.92 million registered in 2025-03-14. Current price change has pushed the stock 19.05% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the ZLAB stock continues to rise going into the next quarter.
