While Zymeworks BC Inc has overperformed by 2.83%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, ZYME rose by 23.76%, with highs and lows ranging from $17.70 to $7.97, whereas the simple moving average fell by -11.41% in the last 200 days.
On December 16, 2024, JP Morgan Upgraded Zymeworks BC Inc (NASDAQ: ZYME) to Overweight. A report published by Leerink Partners on November 07, 2024, Upgraded its rating to ‘Outperform’ for ZYME. Wells Fargo also Downgraded ZYME shares as ‘Equal Weight’, setting a target price of $12 on the company’s shares in a report dated November 01, 2024. Wells Fargo Initiated an Overweight rating on March 21, 2023, and assigned a price target of $12. H.C. Wainwright resumed its ‘Neutral’ rating for ZYME, as published in its report on January 04, 2023. Jefferies’s report from December 20, 2022 suggests a price prediction of $11 for ZYME shares, giving the stock a ‘Buy’ rating. H.C. Wainwright also rated the stock as ‘Neutral’.
Analysis of Zymeworks BC Inc (ZYME)
Further, the quarter-over-quarter increase in sales is 83.33%, showing a positive trend in the upcoming months.
Zymeworks BC 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 -30.54% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 3.40, 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 620.74K. On a monthly basis, the volatility of the stock is set at 6.50%, whereas on a weekly basis, it is put at 7.55%, with a gain of 12.50% over the past seven days. Furthermore, long-term investors anticipate a median target price of $21.56, showing growth from the present price of $11.25, which can serve as yet another indication of whether ZYME is worth investing in or should be passed over.
How Do You Analyze Zymeworks BC 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 4.07%. 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 97.96% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
ZYME shares are owned by institutional investors to the tune of 97.96% at present.
