Larimar Therapeutics Inc (LRMR) concluded trading on Wednesday at a closing price of $11.96, with 6.08 million shares of worth about $72.72 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 186.12% during that period and on Wednesday the price saw a gain of about 36.84%. Currently the company’s common shares owned by public are about 43.27M shares, out of which, 25.46M 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 3 times over the past 12 months. They bought 12,750 shares in 3 of the transactions. In 0 selling transactions, insiders dumped 0 shares.
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However, the stock later moved at a day high price of 12.92, or with a gain of 36.84%. Stock saw a price change of 101.01% in past 5 days and over the past one month there was a price change of 184.76%. Year-to-date (YTD), LRMR shares are showing a performance of 162.86% which increased to 89.54% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $2.18 but also hit the highest price of $11.00 during that period. The average intraday trading volume for Larimar Therapeutics Inc shares is 221.08K. The stock is currently trading 111.48% above its 20-day simple moving average (SMA20), while that difference is up 148.96% for SMA50 and it goes to 206.06% higher than SMA200.
Larimar Therapeutics Inc (NASDAQ: LRMR) currently have 43.27M outstanding shares and institutions hold larger chunk of about 51.46% of that.
The stock has a current market capitalization of $525.16M and its 3Y-monthly beta is at 0.75. It has posted earnings per share of -$0.76 in the same period. It has Quick Ratio of 15.02 while making debt-to-equity ratio of 0.06. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for LRMR, volatility over the week remained 27.46% while standing at 12.98% over the month.
Analysts are in expectations that Larimar Therapeutics Inc (LRMR) stock would likely to be making an EPS of -$0.25 in the current quarter, while forecast for next quarter EPS is -$0.28 and it is -$1.47 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.28 which is -$0.22 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 -$0.21 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 45.67% while it is estimated to decrease by -97.73% 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 Citigroup on November 17, 2023 offering a Buy rating for the stock and assigned a target price of $4.50 to it.
