The stock of Zymeworks BC Inc (ZYME) has gone up by 4.40% for the week, with a 16.80% rise in the past month and a 25.91% rise in the past quarter. The volatility ratio for the week is 4.20%, and the volatility levels for the past 30 days are 3.76% for ZYME. The simple moving average for the past 20 days is 7.82% for ZYME’s stock, with a 20.92% simple moving average for the past 200 days.
Is It Worth Investing in Zymeworks BC Inc (NASDAQ: ZYME) Right Now?
Additionally, the 36-month beta value for ZYME is 1.17. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 3 rating it as “overweight,” 0 rating it as “hold,” and 1 rating it as “sell.”
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The public float for ZYME is 69.66M and currently, short sellers hold a 5.35% ratio of that float. The average trading volume of ZYME on September 12, 2024 was 680.57K shares.
ZYME) stock’s latest price update
Zymeworks BC Inc (NASDAQ: ZYME)’s stock price has soared by 0.62 in relation to previous closing price of 12.02. Nevertheless, the company has seen a gain of 4.40% in its stock price over the last five trading days. globenewswire.com reported 2024-09-03 that VANCOUVER, British Columbia, Sept. 03, 2024 (GLOBE NEWSWIRE) — Zymeworks Inc. (Nasdaq: ZYME), a clinical-stage biotechnology company developing a diverse pipeline of novel, multifunctional biotherapeutics to improve the standard of care for difficult-to-treat diseases, today reported, as required by the Nasdaq Stock Market Rule 5635(c) (the “Nasdaq Rule”), an equity inducement award to Ms. Leone Patterson, Zymeworks’ Executive Vice President and Chief Business and Financial Officer.
Analysts’ Opinion of ZYME
Many brokerage firms have already submitted their reports for ZYME stocks, with Wells Fargo repeating the rating for ZYME by listing it as a “Overweight.” The predicted price for ZYME in the upcoming period, according to Wells Fargo is $12 based on the research report published on March 21, 2023 of the previous year 2023.
H.C. Wainwright, on the other hand, stated in their research note that they expect to see ZYME reach a price target of $8, previously predicting the price at $10. The rating they have provided for ZYME stocks is “Neutral” according to the report published on January 04th, 2023.
Jefferies gave a rating of “Buy” to ZYME, setting the target price at $11 in the report published on December 20th of the previous year.
ZYME Trading at 16.03% from the 50-Day Moving Average
After a stumble in the market that brought ZYME to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -7.91% of loss for the given period.
Volatility was left at 3.76%, however, over the last 30 days, the volatility rate increased by 4.20%, as shares surge +18.28% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +40.53% upper at present.
During the last 5 trading sessions, ZYME rose by +4.40%, which changed the moving average for the period of 200-days by +45.08% in comparison to the 20-day moving average, which settled at $11.32. In addition, Zymeworks BC Inc saw 16.46% 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 ZYME starting from Galbraith Kenneth, who sale 18,198 shares at the price of $10.65 back on Jan 05 ’24. After this action, Galbraith Kenneth now owns 29,468 shares of Zymeworks BC Inc, valued at $193,849 using the latest closing price.
Galbraith Kenneth, the Chair & CEO of Zymeworks BC Inc, sale 5,706 shares at $11.22 during a trade that took place back on Jan 08 ’24, which means that Galbraith Kenneth is holding 23,762 shares at $63,996 based on the most recent closing price.
Stock Fundamentals for ZYME
Current profitability levels for the company are sitting at:
- -1.91 for the present operating margin
- -0.49 for the gross margin
The net margin for Zymeworks BC Inc stands at -1.79. The total capital return value is set at -0.26. Equity return is now at value -26.32, with -20.13 for asset returns.
Based on Zymeworks BC Inc (ZYME), the company’s capital structure generated 0.05 points at debt to capital in total, while cash flow to debt ratio is standing at -4.53. The debt to equity ratio resting at 0.05. The interest coverage ratio of the stock is -16.63.
Currently, EBITDA for the company is -119.52 million with net debt to EBITDA at 0.46. When we switch over and look at the enterprise to sales, we see a ratio of 12.9. The receivables turnover for the company is 1.95for trailing twelve months and the total asset turnover is 0.12. The liquidity ratio also appears to be rather interesting for investors as it stands at 7.01.
Conclusion
In conclusion, Zymeworks BC Inc (ZYME) has seen better performance in recent times. Analysts have a bearish opinion on the stock, with some rating it as a “sell” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
