In the last trading session, 3.1 million Lexicon Pharmaceuticals Inc (NASDAQ:LXRX) shares changed hands as the company’s beta touched 1.29. With the company’s per share price at $1.95 changed hands at -$0.13 or -6.25% during last session, the market valuation stood at $704.91M. LXRX’s last price was a discount, traded about -91.28% off its 52-week high of $3.73. The share price had its 52-week low at $0.92, which suggests the last value was 52.82% up since then. When we look at Lexicon Pharmaceuticals Inc’s average trading volume, we note the 10-day average is 2.73 million shares, with the 3-month average coming to 2.78 million.
Analysts gave the Lexicon Pharmaceuticals Inc (LXRX) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.67. If we narrow down to specifics, the data shows that 0 out of 3 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended LXRX as a Hold, 3 felt it is a Buy and 0 rated the stock as Underweight. Lexicon Pharmaceuticals Inc’s EPS for the current quarter is expected to be -0.16.
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Lexicon Pharmaceuticals Inc (NASDAQ:LXRX) trade information
Instantly LXRX was in red as seen at the end of in last trading. With action 8.94%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 27.45%, with the 5-day performance at 8.94% in the green. However, in the 30-day time frame, Lexicon Pharmaceuticals Inc (NASDAQ:LXRX) is 17.47% up. Looking at the short shares, we see there were 26.97 million shares sold at short interest cover period of 11.39 days.
The consensus price target for the stock as assigned by Wall Street analysts is 6, meaning bulls need an upside of 67.5% from its current market value. According to analyst projections, LXRX’s forecast low is 6 with 6 as the target high. To hit the forecast high, the stock’s price needs a -207.69% plunge from its current level, while the stock would need to soar -207.69% for it to hit the projected low.
Lexicon Pharmaceuticals Inc (LXRX) estimates and forecasts
Data shows that the Lexicon Pharmaceuticals Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 14.04% over the past 6 months, a 10.13% in annual growth rate that is considerably lower than the industry average of 17.20%. Year-over-year growth is forecast to reach 1,186.50% up from the last financial year.
Consensus estimates given by 6 financial analysts project the company’s revenue in the current quarter to hit an average of 2.93M. 6 analysts are of the opinion that Lexicon Pharmaceuticals Inc’s revenue for the current quarter will be 9.79M. The company’s revenue for the corresponding quarters a year ago was 162k and 702k respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 1,708.60%. The estimates for the next quarter sales put growth at 1,294.60%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 6.80%. The 2024 estimates are for Lexicon Pharmaceuticals Inc earnings to increase by 14.05%.
LXRX Dividends
Lexicon Pharmaceuticals Inc is expected to release its next quarterly earnings report in November.
Lexicon Pharmaceuticals Inc (NASDAQ:LXRX)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 1.15% of Lexicon Pharmaceuticals Inc shares while 79.26% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 80.18%. There are 79.26% institutions holding the Lexicon Pharmaceuticals Inc stock share, with ARTAL GROUP S.A. the top institutional holder. As of 2024-06-30, the company held 71.3555% of the shares, roughly 175.1 million LXRX shares worth $294.17 million.
FMR LLC holds the second largest percentage of outstanding shares, with 15.7656% or 38.69 million shares worth $64.99 million as of 2024-06-30.
