Rezolute, Inc. (NASDAQ:RZLT - Get Free Report)'s stock price reached a new 52-week high on Thursday . The company traded as high as $9.74 and last traded at $9.49, with a volume of 4009 shares changing hands. The stock had previously closed at $9.43.
Wall Street Analysts Forecast Growth
RZLT has been the subject of a number of recent analyst reports. Guggenheim reissued a "buy" rating and set a $15.00 target price on shares of Rezolute in a research report on Monday, September 22nd. Maxim Group lifted their price target on shares of Rezolute from $15.00 to $20.00 and gave the company a "buy" rating in a research report on Thursday, September 18th. Wedbush reissued an "outperform" rating and issued a $12.00 price target on shares of Rezolute in a research report on Thursday, September 18th. BTIG Research restated a "buy" rating and set a $17.00 price objective on shares of Rezolute in a research note on Thursday, September 18th. Finally, HC Wainwright reiterated a "buy" rating and set a $14.00 target price on shares of Rezolute in a research note on Wednesday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating and six have given a Buy rating to the stock. Based on data from MarketBeat, Rezolute has an average rating of "Buy" and an average target price of $14.50.
Read Our Latest Report on Rezolute
Rezolute Price Performance
The company has a market cap of $841.45 million, a PE ratio of -9.54 and a beta of 0.04. The business has a 50 day moving average of $7.19 and a 200 day moving average of $5.02.
Rezolute (NASDAQ:RZLT - Get Free Report) last announced its quarterly earnings data on Wednesday, September 17th. The company reported ($0.26) EPS for the quarter, missing the consensus estimate of ($0.23) by ($0.03). Sell-side analysts forecast that Rezolute, Inc. will post -0.93 EPS for the current fiscal year.
Hedge Funds Weigh In On Rezolute
Several institutional investors and hedge funds have recently modified their holdings of RZLT. Rosalind Advisors Inc. bought a new stake in Rezolute in the 2nd quarter worth about $7,766,000. Opaleye Management Inc. boosted its holdings in shares of Rezolute by 94.3% during the 2nd quarter. Opaleye Management Inc. now owns 903,442 shares of the company's stock valued at $4,029,000 after acquiring an additional 438,442 shares during the last quarter. Massar Capital Management LP purchased a new position in shares of Rezolute during the second quarter valued at approximately $126,000. BNP Paribas Financial Markets purchased a new position in shares of Rezolute during the second quarter valued at approximately $25,000. Finally, Boothbay Fund Management LLC lifted its position in Rezolute by 1,745.6% during the second quarter. Boothbay Fund Management LLC now owns 266,671 shares of the company's stock valued at $1,189,000 after purchasing an additional 252,222 shares during the period. 82.97% of the stock is currently owned by institutional investors.
Rezolute Company Profile
(
Get Free Report)
Rezolute, Inc, a clinical stage biopharmaceutical company, develops therapies for metabolic diseases associated with chronic glucose imbalance in the United States. The company's lead product candidate is RZ358, a human monoclonal antibody that is in Phase 2b clinical trial for the treatment of congenital hyperinsulinism, an ultra-rare pediatric genetic disorder.
Further Reading
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