Lexicon Pharmaceuticals Inc (NASDAQ: LXRX): Analyst View Points To Future Growth

Lexicon Pharmaceuticals Inc (LXRX) concluded trading on Wednesday at a closing price of $2.15, with 4.03 million shares of worth about $8.66 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 18.13% during that period and on Wednesday February 7 the price saw a loss of about -2.71%. Currently the company’s common shares owned by public are about 244.93M shares, out of which, 238.79M shares are available for trading.

According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 56 times over the past 12 months. They bought 29,821,074 shares in 47 of the transactions. In 9 selling transactions, insiders dumped 178,167 shares.

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However, the stock later moved at a day high price of 2.3100, or with a loss of -2.71%. Stock saw a price change of 14.97% in past 5 days and over the past one month there was a price change of 40.52%. Year-to-date (YTD), LXRX shares are showing a performance of 40.52% which decreased to -10.04% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.92 but also hit the highest price of $3.79 during that period. The average intraday trading volume for Lexicon Pharmaceuticals Inc shares is 2.87 million. The stock is currently trading 29.40% above its 20-day simple moving average (SMA20), while that difference is up 48.96% for SMA50 and it goes to 19.72% higher than SMA200.

Lexicon Pharmaceuticals Inc (NASDAQ: LXRX) currently have 244.93M outstanding shares and institutions hold larger chunk of about 76.20% of that.

The stock has a current market capitalization of $526.60M and its 3Y-monthly beta is at 1.23. It has posted earnings per share of -$0.76 in the same period. It has Quick Ratio of 6.91 while making debt-to-equity ratio of 0.76. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for LXRX, volatility over the week remained 9.31% while standing at 8.97% over the month.

Analysts are in expectations that Lexicon Pharmaceuticals Inc (LXRX) stock would likely to be making an EPS of -$0.21 in the current quarter, while forecast for next quarter EPS is -$0.22 and it is -$0.73 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.24 which is -$0.18 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.16 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -26.81% while it is estimated to increase by 7.73% 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 Jefferies on March 07, 2023 offering a Hold rating for the stock and assigned a target price of $3 to it.

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