Analysts Are Recommending Lyra Therapeutics Inc (LYRA) As A Buy Candidate

Lyra Therapeutics Inc (NASDAQ:LYRA) has a beta value of 0.02 and has seen 1.03 million shares traded in the last trading session. The company, currently valued at $19.53M, closed the last trade at $0.32 per share which meant it 0.13% during that session. The LYRA stock price is -2021.88% off its 52-week high price of $6.79 and 3.13% above the 52-week low of $0.31. The 3-month trading volume is 3.27 million shares.

Lyra Therapeutics Inc (NASDAQ:LYRA) trade information

Sporting 0.13% in the green in last session, the stock has traded in the red over the last five days, when the LYRA stock price touched $0.32 or saw a rise of 6.71%. Year-to-date, Lyra Therapeutics Inc shares have moved -93.89%, while the 5-day performance has seen it change -2.32%. Over the past 30 days, the shares of Lyra Therapeutics Inc (NASDAQ:LYRA) have changed -17.80%.

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Lyra Therapeutics Inc (LYRA) estimates and forecasts

Figures show that Lyra Therapeutics Inc shares have underperformed across the wider relevant industry. The company’s shares have lost -91.32% over the past 6 months, with this year growth rate of 4.07%, compared to 14.30% for the industry.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -21.63% over the past 5 years. Earnings growth for 2024 is a modest -0.63% while over the next 5 years, the company’s earnings are expected to decrease by -1.60%.

LYRA Dividends

Lyra Therapeutics Inc is expected to release its next earnings report in July this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.