Larimar Therapeutics Inc (NASDAQ:LRMR) has a beta value of 0.99 and has seen 2.32 million shares traded in the last trading session. The company, currently valued at $451.14M, closed the last trade at $7.07 per share which meant it lost -$0.07 on the day or -0.98% during that session. The LRMR stock price is -93.49% off its 52-week high price of $13.68 and 69.17% above the 52-week low of $2.18. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.8 million shares traded. The 3-month trading volume is 531.73K shares.
The consensus among analysts is that Larimar Therapeutics Inc (LRMR) is Buy stock at the moment, with a recommendation rating of 1.12. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 2 have rated it as a Hold, with 2 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.38.
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Larimar Therapeutics Inc (NASDAQ:LRMR) trade information
Sporting -0.98% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the LRMR stock price touched $7.07 or saw a rise of 7.1%. Year-to-date, Larimar Therapeutics Inc shares have moved 55.38%, while the 5-day performance has seen it change -1.81%. Over the past 30 days, the shares of Larimar Therapeutics Inc (NASDAQ:LRMR) have changed -13.14%. Short interest in the company has seen 3.47 million shares shorted with days to cover at 11.93.
Wall Street analysts have a consensus price target for the stock at $14.5, which means that the shares’ value could jump 51.24% from current levels. The projected low price target is $4.0 while the price target rests at a high of $25.0. In that case, then, we find that the current price level is -253.61% off the targeted high while a plunge would see the stock lose 43.42% from current levels.
Larimar Therapeutics Inc (LRMR) estimates and forecasts
Figures show that Larimar Therapeutics Inc shares have underperformed across the wider relevant industry. The company’s shares have lost -17.41% over the past 6 months, with this year growth rate of -66.67%, compared to 20.70% 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 48.33% over the past 5 years.
LRMR Dividends
Larimar Therapeutics Inc is expected to release its next earnings report in October this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Larimar Therapeutics Inc (NASDAQ:LRMR)’s Major holders
Insiders own 1.45% of the company shares, while shares held by institutions stand at 108.07% with a share float percentage of 109.66%. Investors are also buoyed by the number of investors in a company, with Larimar Therapeutics Inc having a total of 143.0 institutions that hold shares in the company. The top two institutional holders are DEERFIELD MANAGEMENT COMPANY, L.P. (SERIES C) with over 21.23 million shares worth more than $153.93 million. As of 2024-06-30, DEERFIELD MANAGEMENT COMPANY, L.P. (SERIES C) held 39.6461% of shares outstanding.
The other major institutional holder is RA CAPITAL MANAGEMENT, L.P., with the holding of over 6.05 million shares as of 2024-06-30. The firm’s total holdings are worth over $43.83 million and represent 11.2884% of shares outstanding.
