Shares of Rezolute, Inc. (NASDAQ:RZLT – Get Free Report) have been assigned a consensus recommendation of “Buy” from the eight research firms that are covering the stock, Marketbeat reports. Eight investment analysts have rated the stock with a buy recommendation. The average 1-year price objective among analysts that have covered the stock in the last year is $24.13.
A number of research firms recently commented on RZLT. BTIG Research increased their target price on Rezolute from $13.00 to $15.00 and gave the company a “buy” rating in a research note on Tuesday, September 10th. JMP Securities reissued a “market outperform” rating and set a $7.00 price objective on shares of Rezolute in a report on Friday, September 20th. HC Wainwright reaffirmed a “buy” rating and issued a $14.00 target price on shares of Rezolute in a research note on Friday, September 27th. Guggenheim assumed coverage on shares of Rezolute in a research note on Tuesday, August 27th. They set a “buy” rating and a $11.00 price target on the stock. Finally, Maxim Group upped their price objective on shares of Rezolute from $8.00 to $10.00 and gave the company a “buy” rating in a research note on Tuesday, August 6th.
Institutional Investors Weigh In On Rezolute
Rezolute Stock Performance
RZLT stock opened at $5.72 on Friday. The company’s 50 day moving average is $5.01 and its 200 day moving average is $4.36. Rezolute has a 1-year low of $0.72 and a 1-year high of $6.10.
Rezolute (NASDAQ:RZLT – Get Free Report) last issued its quarterly earnings results on Thursday, September 19th. The company reported ($0.44) EPS for the quarter, missing analysts’ consensus estimates of ($0.30) by ($0.14). Research analysts forecast that Rezolute will post -1.23 earnings per share for the current fiscal year.
About Rezolute
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.
Featured Articles
- Five stocks we like better than Rezolute
- How to Know Which Cryptocurrency to Buy: A Guide for Investors
- Gilead’s Stock Surge: What’s Fueling the Momentum?
- Most Volatile Stocks, What Investors Need to Know
- Breakout Alert: Qualcomm Just Hit The Rally Button
- Why Understanding Call Option Volume is Essential to Successful Options Trading
- Mercado Libre Shares Go on Sale: Is Now the Time to Buy?
Receive News & Ratings for Rezolute Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rezolute and related companies with MarketBeat.com's FREE daily email newsletter.