Lyra Therapeutics Inc (NASDAQ:LYRA)’s traded shares stood at 1.11 million during the last session, with the company’s beta value hitting -0.02. At the close of trading, the stock’s price was $0.25, to imply a decrease of -1.23% or $0.0 in intraday trading. The LYRA share’s 52-week high remains $6.79, putting it -2616.0% down since that peak but still an impressive 16.0% since price per share fell to its 52-week low of $0.21. The company has a valuation of $16.36M, with an average of 1.75 million shares in intraday trading volume over the past 10 days and average of 995.62K shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Lyra Therapeutics Inc (LYRA), translating to a mean rating of 2.60. Of 3 analyst(s) looking at the stock, 0 analyst(s) give LYRA a Sell rating. 0 of those analysts rate the stock as Overweight while 1 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 -0.23.
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Lyra Therapeutics Inc (NASDAQ:LYRA) trade information
After registering a -1.23% downside in the last session, Lyra Therapeutics Inc (LYRA) has traded red over the past five days. The 5-day price performance for the stock is 2.59%, and 3.52% over 30 days. With these gigs, the year-to-date price performance is -95.23%. Short interest in Lyra Therapeutics Inc (NASDAQ:LYRA) saw shorts transact 2.85 million shares and set a 4.28 days time to cover.
The extremes give us $0.5 and $0.5 for target low and target high price respectively. As such, LYRA has been trading -100.0% off suggested target high and -100.0% from its likely low.
Lyra Therapeutics Inc (LYRA) estimates and forecasts
Looking at statistics comparing Lyra Therapeutics Inc share performance against respective industry, we note that the company has underperformed competitors. Lyra Therapeutics Inc (LYRA) shares are -94.71% down over the last 6 months, with its year-to-date growth rate lower than industry average at -19.51% against 17.50%. Revenue is forecast to grow 14.80% this quarter before jumping 4.50% for the next one. The rating firms project that company’s revenue will grow 11.70% compared to the previous financial year.
Revenue forecast for the current quarter as set by 5 analysts is 320k. Meanwhile, for the current quarter, a total of 5 analyst(s) estimate revenue growth to 330k.Earnings reports from the last fiscal year show that sales brought in 370k and 146k respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -13.50% before jumping 126.00% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings shrunk an estimated -21.63% for the past 5-year period. While 2024 is set for a -5.71% return in earnings, projections for the next 5 years are at -1.60% annually.
LYRA Dividends
Lyra Therapeutics Inc has its next earnings report out on 2024-Nov-05. 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.
Lyra Therapeutics Inc (NASDAQ:LYRA)’s Major holders
Lyra Therapeutics Inc insiders hold 0.66% of total outstanding shares, with institutional holders owning 59.27% of the shares at 59.66% float percentage. In total, 59.27% institutions holds shares in the company, led by PERCEPTIVE ADVISORS LLC. As of 2024-06-30, the company held over 12.76 million shares (or 19.9302% of shares), all amounting to roughly $3.53 million.
The next major institution holding the largest number of shares is CITADEL ADVISORS LLC with 4.77 million shares, or about 7.4562% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $1.32 million.
We also have iShares Russell 2000 ETF and Vanguard Total Stock Market Index Fund as the top two Mutual Funds with the largest holdings of the Lyra Therapeutics Inc (LYRA) shares. Going by data provided on Sep 30, 2024 , iShares Russell 2000 ETF holds roughly 2.35 shares. This is just over 3.59% of the total shares, with a market valuation of $0.59 million. Data from the same date shows that the other fund manager holds a little less at 992.54, or 1.52% of the shares, all valued at about 0.25 million.
