With 47.17M Outstanding Shares, Can Zhengye Biotechnology Holding Ltd (NASDAQ: ZYBT) Deliver Big Short-Term Gains?

Zhengye Biotechnology Holding Ltd (NASDAQ:ZYBT) currently has a daily average trading volume of 403.32K but it saw 1248444 shares traded in last market. With a market cap of 399.97M USD, the company’s current market price of $8.44 came rising about 13.90 while comparing to the previous closing price of $7.41. In past 52 weeks, the stock remained buoying in the range of price level as high as $14.30 and as low as $3.50.

Taking a look at 20-day trading activity of Zhengye Biotechnology Holding Ltd (ZYBT) gives us an average price of $10.35, while its current price level is -40.98% below from 52-week high level whereas it is 141.14% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $7.04. A closer look into the stock’s movement over the week reveals that its volatility is standing at 61.24% during that period while stretching the period over a month that decreases to 48.66%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 48.23 which implies that the stock is in neutral territory.

Over the week, ZYBT’s stock price is moving -26.74% down while it is 64.84% when we observe its performance for the past one month. Year-to-date it is 73.66% up and over the past year.

Currently, Zhengye Biotechnology Holding Ltd’s total number of outstanding shares is 47.17M with 91.64% of that held by the insiders while 0.02% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 7.24% and return on equity (ROE) at 7.51%. It has a price to earnings ratio (P/E ratio) of 141.85. Stock has a price to book (P/B) ratio of 10.27 while price to sale or P/S ratio amounts to 15.23. Its return on asset (ROA) is 4.07% on average.

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