A share of Zymeworks Inc. (NASDAQ:ZYME) closed at $9.41 per share on Monday, down from $10.00 day before. While Zymeworks Inc. has underperformed by -5.90%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, ZYME fell by -18.53%, with highs and lows ranging from $11.70 to $4.11, whereas the simple moving average jumped by 44.49% in the last 200 days.
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On January 04, 2023, H.C. Wainwright Reiterated Zymeworks Inc. (NASDAQ: ZYME) to Neutral. A report published by Jefferies on December 20, 2022, Upgraded its rating to ‘Buy’ for ZYME. H.C. Wainwright also Downgraded ZYME shares as ‘Neutral’, setting a target price of $8 on the company’s shares in a report dated November 01, 2022. Wells Fargo initiated its ‘Overweight’ rating for ZYME, as published in its report on October 04, 2022. Guggenheim’s report from May 05, 2022 suggests a price prediction of $14 for ZYME shares, giving the stock a ‘Buy’ rating. Evercore ISI also rated the stock as ‘Outperform’.
Analysis of Zymeworks Inc. (ZYME)
Further, the quarter-over-quarter decrease in sales is -40.90%, showing a negative trend in the upcoming months.
Zymeworks Inc.’s future performance can be predicted by a variety of well-rounded types of analysis and research, with equity being one of the most crucial ones. The goal here is to ensure that your current return on equity of -96.10% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 3.30, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can be an extremely valuable indicator of volatility, and ZYME is registering an average volume of 1.35M. On a monthly basis, the volatility of the stock is set at 9.81%, whereas on a weekly basis, it is put at 9.94%, with a loss of -6.27% over the past seven days. Furthermore, long-term investors anticipate a median target price of $13.08, showing growth from the present price of $9.41, which can serve as yet another indication of whether ZYME is worth investing in or should be passed over.
How Do You Analyze Zymeworks Inc. Shares?
Besides checking the fundamentals, you should also know how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.10%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 78.40% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
Are institutional investors increasing their holdings in ZYME shares?
The recent increase in stakes in ZYME appears to be a result of several institutional investors and hedge funds increasing their positions. Ecor1 Capital LLC’s position in ZYME has increased by 11.46% in the first quarter. The company now owns 9,579,973 shares of the stock, with a value of $75.3 million, following the purchase of 985,100 additional shares during the last quarter. Redmile Group LLC made another increased to its shares in ZYME during the first quarter, upping its stake by 5.38%.
ZYME shares are owned by institutional investors to the tune of 78.40% at present.
