Look For Institutional Buying In Zura Bio Ltd (NASDAQ: ZURA)

Zura Bio Ltd (ZURA) concluded trading on Wednesday at a closing price of $4.13, with 3.15 million shares of worth about $13.02 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 34.09% during that period and on September 18, 2024 the price saw a gain of about 6.44%. Currently the company’s common shares owned by public are about 43.59M shares, out of which, 32.94M shares are available for trading.

Stock saw a price change of 18.00% in past 5 days and over the past one month there was a price change of 18.68%. Year-to-date (YTD), ZURA shares are showing a performance of -11.56% which decreased to -33.23% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $2.00 but also hit the highest price of $7.22 during that period. The average intraday trading volume for Zura Bio Ltd shares is 333.96K. The stock is currently trading 9.24% above its 20-day simple moving average (SMA20), while that difference is up 12.02% for SMA50 and it goes to 7.06% higher than SMA200.

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Zura Bio Ltd (NASDAQ: ZURA) currently have 43.59M outstanding shares and institutions hold larger chunk of about 43.82% of that.

The stock has a current market capitalization of $263.37M and its 3Y-monthly beta is at 0.16. It has posted earnings per share of -$0.51 in the same period. It has Quick Ratio of 12.57 while making debt-to-equity ratio of 0.00. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ZURA, volatility over the week remained 8.46% while standing at 8.60% over the month.

Stock’s fiscal year EPS is expected to rise by 75.60% while it is estimated to decrease by -36.27% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by H.C. Wainwright on September 05, 2024 offering a Neutral rating for the stock and assigned a target price of $5 to it. Coverage by Piper Sandler stated Zura Bio Ltd (ZURA) stock as an Overweight in their note to investors on May 03, 2024, suggesting a price target of $26 for the stock. On October 10, 2023, Ladenburg Thalmann Initiated their recommendations, while on August 25, 2023, Oppenheimer Initiated their ratings for the stock with a price target of $17. Stock get a Buy rating from Guggenheim on June 22, 2023.

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