The stock of Lazard Inc. (NYSE: LAZ) has increased by 0.77 when compared to last closing price of 37.83. Despite this, the company has experienced a -0.65% fall in its stock price over the last five trading sessions. Business Wire reported 2024-04-12 that NEW YORK–(BUSINESS WIRE)–Lazard, Inc. (NYSE: LAZ) will announce its first quarter 2024 financial results in a press release to be issued Thursday morning, April 25, 2024. The press release will be available in the News & Announcements section of Lazard’s website at www.lazard.com. Lazard will host a conference call at 8:00 a.m. EDT on April 25, 2024, to discuss the company’s financial results for the first quarter 2024. The conference call can be accessed via a live audio webcast availabl.
Is It Worth Investing in Lazard Inc. (NYSE: LAZ) Right Now?
Company’s 36-month beta value is 1.46.Analysts have differing opinions on the stock, with 5 analysts rating it as a “buy,” 2 as “overweight,” 3 as “hold,” and 0 as “sell.”
The public float for LAZ is 80.61M, and currently, short sellers hold a 2.63% ratio of that floaft. The average trading volume of LAZ on April 19, 2024 was 1.14M shares.
LAZ’s Market Performance
The stock of Lazard Inc. (LAZ) has seen a -0.65% decrease in the past week, with a -4.12% drop in the past month, and a -1.60% fall in the past quarter. The volatility ratio for the week is 3.05%, and the volatility levels for the past 30 days are at 2.69% for LAZ. The simple moving average for the last 20 days is -4.42% for LAZ stock, with a simple moving average of 10.41% for the last 200 days.
Analysts’ Opinion of LAZ
Many brokerage firms have already submitted their reports for LAZ stocks, with Keefe Bruyette repeating the rating for LAZ by listing it as a “Outperform.” The predicted price for LAZ in the upcoming period, according to Keefe Bruyette is $51 based on the research report published on January 29, 2024 of the current year 2024.
Wolfe Research, on the other hand, stated in their research note that they expect to see LAZ reach a price target of $42. The rating they have provided for LAZ stocks is “Outperform” according to the report published on January 03rd, 2024.
Goldman gave a rating of “Sell” to LAZ, setting the target price at $32 in the report published on September 19th of the previous year.
LAZ Trading at -2.72% from the 50-Day Moving Average
After a stumble in the market that brought LAZ to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -9.75% of loss for the given period.
Volatility was left at 2.69%, however, over the last 30 days, the volatility rate increased by 3.05%, as shares sank -6.45% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.17% lower at present.
During the last 5 trading sessions, LAZ fell by -0.77%, which changed the moving average for the period of 200-days by +19.92% in comparison to the 20-day moving average, which settled at $39.75. In addition, Lazard Inc. saw 9.54% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at LAZ starting from Russo Evan L, who sale 75,000 shares at the price of $39.35 back on Mar 13 ’24. After this action, Russo Evan L now owns 227,448 shares of Lazard Inc., valued at $2,951,250 using the latest closing price.
Gathy Michael, the Chief Accounting Officer of Lazard Inc., sale 385 shares at $37.22 during a trade that took place back on Feb 14 ’24, which means that Gathy Michael is holding 0 shares at $14,330 based on the most recent closing price.
Stock Fundamentals for LAZ
Current profitability levels for the company are sitting at:
- -0.02 for the present operating margin
- 0.45 for the gross margin
The net margin for Lazard Inc. stands at -0.03. The total capital return value is set at -0.02. Equity return is now at value -16.31, with -1.52 for asset returns.
Based on Lazard Inc. (LAZ), the company’s capital structure generated 0.81 points at debt to capital in total, while cash flow to debt ratio is standing at 0.04. The debt to equity ratio resting at 4.18. The interest coverage ratio of the stock is -0.78.
Currently, EBITDA for the company is -57.89 million with net debt to EBITDA at -24.05. When we switch over and look at the enterprise to sales, we see a ratio of 1.74. The receivables turnover for the company is 3.4for trailing twelve months and the total asset turnover is 0.56.
Conclusion
In a nutshell, Lazard Inc. (LAZ) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
