Rezolute Inc. (RZLT): What the Financials Tell Us ?

Rezolute Inc. (NASDAQ:RZLT) saw a downside of -16.56% to $6.35 after subtracting -$1.26 on Wednesday. The 5-day average trading volume is 137,232 shares of the company’s common stock. It has gained $7.65 in the past week. An average of 44,243 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 27,035.

RZLT’s 1-month performance is -21.95% or -$3.30 on its low of $6.11 reached on 10/13/21. The company’s shares have touched a 52-week low of $5.86 and high of $24.05, with the stock’s rally to the 52-week high happening on 02/03/21. YTD, RZLT has lost -36.53% or -$5.54. However, the current price is down -73.60%% from the 52-week high price.

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Valuation Metrics

Rezolute Inc. (RZLT) has a trailing price-to-earnings (P/E) ratio of 34.65 for the broader industry and 32.22 for the sector.RZLT stock has a beta of 3.75. Moving on to other valuation ratios, the price-to-book (PB) in the most recent quarter is 2.43.

Rezolute Inc.’s quick ratio for the period ended June 29 was 21.30, with the current ratio over the same period at 21.30 meaning that RZLT stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.54, while the total debt to equity was 0.54. The firm’s gross profit as reported stood at $0.38 million against revenue of $22.89 million.

Earnings Surprise

For the quarterly period ending June 29 this year, Analysts expected RZLT to announce -$0.8 per share in earnings in its latest quarter, but it posted -$0.78, representing a 2.50% surprise. RZLT stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 16.51 million, with total debt at $14.42 million. Shareholders hold equity totaling $8.62 million

Technical Picture

Let’s look briefly at Rezolute Inc. (RZLT) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 24.65% to suggest the stock is trending oversold, with historical volatility in this time period at 91.27%.

The stock’s 5-day moving average is $7.23, reflecting a -9.92% or -$0.71 change from its current price. RZLT is currently trading -33.30% above its 20-day SMA, +3.37% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -41.36% and -56.12% respectively.

Stochastic %K and %D was 33.14% and 33.67% and the average true range (ATR) pointed at 0.57. The RSI (14) points at 28.25%, while the 14-day stochastic is at 13.68% with the period’s ATR at 0.58. The stock’s 9-day MACD Oscillator is pointing at -0.04 and -0.19 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Rezolute Inc. (NASDAQ: RZLT), ROTH Capital launched coverage with a Buy rating. Analysts offering their rating for RZLT stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate RZLT as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 5 have offered a “buy” rating.

What is RZLT’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $21.00 and a high of $30.00, with their median price target at $25.00. Looking at these predictions, the average price target given by analysts is for Rezolute Inc. (RZLT) stock is $25.40.


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