While LENZ Therapeutics Inc. has underperformed by -0.65%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, LENZ rose by 39.75%, with highs and lows ranging from $24.59 to $9.51, whereas the simple moving average jumped by 31.80% in the last 200 days.
On April 15, 2024, William Blair started tracking LENZ Therapeutics Inc. (NASDAQ: LENZ) recommending Outperform. A report published by Leerink Partners on April 15, 2024, Initiated its previous ‘Outperform’ rating for LENZ. Citigroup also rated LENZ shares as ‘Buy’, setting a target price of $34 on the company’s shares in an initiating report dated April 10, 2024. Piper Sandler Initiated an Overweight rating on March 27, 2024, and assigned a price target of $28. Cowen February 23, 2023d its ‘Outperform’ rating to ‘Market Perform’ for LENZ, as published in its report on February 23, 2023. Cantor Fitzgerald’s report from February 23, 2023 suggests a price prediction of $3 for LENZ shares, giving the stock a ‘Neutral’ rating. BofA Securities also rated the stock as ‘Underperform’.
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Analysis of LENZ Therapeutics Inc. (LENZ)
The current dividend for LENZ investors is set at $0.00 per share, indicating investors will get a return regardless of how the company performs over the next quarter.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of LENZ Therapeutics Inc.’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of -51.95% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 39.20, 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.
As an indicator of volatility for any stock, average volume can also be very valuable, and LENZ is recording an average volume of 155.03K. On a monthly basis, the volatility of the stock is set at 8.60%, whereas on a weekly basis, it is put at 6.93%, with a loss of -3.43% over the past seven days. Furthermore, long-term investors anticipate a median target price of $33.25, showing growth from the present price of $18.32, which can serve as yet another indication of whether LENZ is worth investing in or should be passed over.
How Do You Analyze LENZ Therapeutics Inc. Shares?
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. 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 28.16%. 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 58.87% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
LENZ shares are owned by institutional investors to the tune of 58.87% at present.
