In the latest trading session, 1.85 million Lyra Therapeutics Inc (NASDAQ:LYRA) shares changed hands as the company’s beta touched -0.02. With the company’s most recent per share price at $0.26 changing hands around $0.02 or 5.45% at last look, the market valuation stands at $16.84M. LYRA’s current price is a discount, trading about -2511.54% off its 52-week high of $6.79. The share price had its 52-week low at $0.21, which suggests the last value was 19.23% up since then. When we look at Lyra Therapeutics Inc’s average trading volume, we note the 10-day average is 0.55 million shares, with the 3-month average coming to 822.61K.
Analysts gave the Lyra Therapeutics Inc (LYRA) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.60. 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, 1 recommended LYRA as a Hold, 2 felt it is a Buy and 0 rated the stock as Underweight.
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Lyra Therapeutics Inc (NASDAQ:LYRA) trade information
Instantly LYRA is in green as seen in intraday trades today. With action 12.65%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -95.09%, with the 5-day performance at 12.65% in the green. However, in the 30-day time frame, Lyra Therapeutics Inc (NASDAQ:LYRA) is -5.72% down. Looking at the short shares, we see there were 2.85 million shares sold at short interest cover period of 4.28 days.
The consensus price target for the stock as assigned by Wall Street analysts is 0.5, meaning bulls need an upside of 48.0% from its recent market value. According to analyst projections, LYRA’s forecast low is 0.5 with 0.5 as the target high. To hit the forecast high, the stock’s price needs a -92.31% plunge from its current level, while the stock would need to soar -92.31% for it to hit the projected low.
Lyra Therapeutics Inc (LYRA) estimates and forecasts
Data shows that the Lyra Therapeutics 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 -95.06% over the past 6 months, a -19.51% in annual growth rate that is considerably lower than the industry average of 17.50%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -21.63%. The 2024 estimates are for Lyra Therapeutics Inc earnings to decrease by -5.71%, but the outlook for the next 5-year period is at -1.60% per year.
LYRA Dividends
Lyra Therapeutics Inc is expected to release its next quarterly earnings report on 2024-Nov-05.
Lyra Therapeutics Inc (NASDAQ:LYRA)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.66% of Lyra Therapeutics Inc shares while 59.27% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 59.66%. There are 59.27% institutions holding the Lyra Therapeutics Inc stock share, with PERCEPTIVE ADVISORS LLC the top institutional holder. As of 2024-06-30, the company held 19.9302% of the shares, roughly 12.76 million LYRA shares worth $3.53 million.
CITADEL ADVISORS LLC holds the second largest percentage of outstanding shares, with 7.4562% or 4.77 million shares worth $1.32 million as of 2024-06-30.
Among Mutual Funds, the top two as of Sep 30, 2024 were iShares Russell 2000 ETF and Vanguard Total Stock Market Index Fund. With 2.35 shares estimated at $0.59 million under it, the former controlled 3.59% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 1.52% of the shares, roughly 992.54 shares worth around $0.25 million.
