Lexeo Therapeutics Inc.’s (NASDAQ:LXEO) Forecasted Growth Is -207.35% Or More

In last trading session, Lexeo Therapeutics Inc. (NASDAQ:LXEO) saw 0.27 million shares changing hands with its beta currently measuring 0. Company’s recent per share price level of $9.11 trading at $0.2 or 2.24% at ring of the bell on the day assigns it a market valuation of $301.18M. That closing price of LXEO’s stock is at a discount of -145.12% from its 52-week high price of $22.33 and is indicating a premium of 5.16% from its 52-week low price of $8.64. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.5 million shares which gives us an average trading volume of 348.93K if we extend that period to 3-months.

For Lexeo Therapeutics Inc. (LXEO), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.17. Splitting up the data highlights that, out of 2 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 2 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.69 in the current quarter.

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Lexeo Therapeutics Inc. (NASDAQ:LXEO) trade information

Upright in the green during last session for gaining 2.24%, in the last five days LXEO remained trading in the red while hitting it’s week-highest on Monday, 09/23/24 when the stock touched $9.11 price level, adding 15.41% to its value on the day. Lexeo Therapeutics Inc.’s shares saw a change of -32.12% in year-to-date performance and have moved -15.49% in past 5-day. Lexeo Therapeutics Inc. (NASDAQ:LXEO) showed a performance of -20.30% in past 30-days. Number of shares sold short was 1.19 million shares which calculate 6.8 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 28 to the stock, which implies a rise of 67.46% to its current value. Analysts have been projecting 28 as a low price target for the stock while placing it at a high target of 28. It follows that stock’s current price would drop -207.35% in reaching the projected high whereas dropping to the targeted low would mean a loss of -207.35% for stock’s current value.

Lexeo Therapeutics Inc. (LXEO) estimates and forecasts

Statistics highlight that Lexeo Therapeutics Inc. is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -41.90% of value to its shares in past 6 months, showing an annual growth rate of 77.90% while that of industry is 20.50. Apart from that, the company came raising its revenue forecast for fiscal year 2024.