Does Rezolute Inc (NASDAQ:RZLT) warrant a purchase right now? What to Consider Before Making a Decision

Rezolute Inc (NASDAQ:RZLT) shares traded -0.26% lower at $3.89 on Wall Street last session.

RZLT stock price is now 17.30% away from the 50-day moving average and -12.59% away from the 200-day moving average. The market capitalization of the company currently stands at $332.67M.

With the price target of $12, Wedbush recently initiated with Outperform rating for Rezolute Inc (NASDAQ: RZLT). On August 27, 2024, Guggenheim recently initiated its ‘Buy’ rating on the stock quoting a target price of $11, while ‘BTIG Research’ rates the stock as ‘Buy’

In other news, Hogenhuis Wladimir, Director bought 6,758 shares of the company’s stock on Mar 31 ’25. The stock was bought for $19,733 at an average price of $2.92. Upon completion of the transaction, the Director now directly owns 84,025 shares in the company, valued at $0.33 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 27 ’25, CEO Elam Nevan C bought 12,302 shares of the business’s stock. A total of $34,999 was incurred on buying the stock at an average price of $2.85. This leaves the insider owning 224,119 shares of the company worth $0.87 million. A total of 17.22% of the company’s stock is owned by insiders.

During the past 12 months, Rezolute Inc has had a low of $2.21 and a high of $6.19. As of last week, the company has a debt-to-equity ratio of 0.02, a current ratio of 8.43, and a quick ratio of 8.43.

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