Larimar Therapeutics Inc (NASDAQ:LRMR)’s traded shares stood at 1.75 million during the last session, with the company’s beta value hitting 0.99. At the close of trading, the stock’s price was $6.52, to imply an increase of 3.66% or $0.23 in intraday trading. The LRMR share’s 52-week high remains $13.68, putting it -109.82% down since that peak but still an impressive 66.56% since price per share fell to its 52-week low of $2.18. The company has a valuation of $416.04M, with an average of 1.1 million shares in intraday trading volume over the past 10 days and average of 538.60K shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Larimar Therapeutics Inc (LRMR), translating to a mean rating of 1.10. Of 2 analyst(s) looking at the stock, 0 analyst(s) give LRMR a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 2 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.37.
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Larimar Therapeutics Inc (NASDAQ:LRMR) trade information
After registering a 3.66% upside in the last session, Larimar Therapeutics Inc (LRMR) has traded red over the past five days. The 5-day price performance for the stock is 3.00%, and -16.09% over 30 days. With these gigs, the year-to-date price performance is 43.30%. Short interest in Larimar Therapeutics Inc (NASDAQ:LRMR) saw shorts transact 3.33 million shares and set a 8.41 days time to cover.
The extremes give us $4 and $25 for target low and target high price respectively. As such, LRMR has been trading -283.44% off suggested target high and 38.65% from its likely low.
Larimar Therapeutics Inc (LRMR) estimates and forecasts
Looking at statistics comparing Larimar Therapeutics Inc share performance against respective industry, we note that the company has underperformed competitors. Larimar Therapeutics Inc (LRMR) shares are -10.32% down over the last 6 months, with its year-to-date growth rate lower than industry average at -66.67% against 19.60%. Revenue is forecast to shrink -76.20% this quarter before falling -36.70% for the next one.
LRMR Dividends
Larimar Therapeutics Inc has its next earnings report out in November. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Larimar Therapeutics Inc (NASDAQ:LRMR)’s Major holders
Larimar Therapeutics Inc insiders hold 1.45% of total outstanding shares, with institutional holders owning 108.11% of the shares at 109.70% float percentage. In total, 108.11% institutions holds shares in the company, led by DEERFIELD MANAGEMENT COMPANY, L.P. (SERIES C). As of 2024-06-30, the company held over 21.23 million shares (or 39.6461% of shares), all amounting to roughly $153.93 million.
The next major institution holding the largest number of shares is RA CAPITAL MANAGEMENT, L.P. with 6.05 million shares, or about 11.2884% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $43.83 million.
