In the last trading session, 1.15 million Lyra Therapeutics Inc (NASDAQ:LYRA) shares changed hands as the company’s beta touched -0.04. With the company’s per share price at $0.28 changed hands at $0.02 or 3.77% during last session, the market valuation stood at $18.00M. LYRA’s last price was a discount, traded about -2325.0% 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 25.0% up since then. When we look at Lyra Therapeutics Inc’s average trading volume, we note the 10-day average is 1.15 million shares, with the 3-month average coming to 992.63K.
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. Lyra Therapeutics Inc’s EPS for the current quarter is expected to be -0.23.
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Lyra Therapeutics Inc (NASDAQ:LYRA) trade information
Instantly LYRA was in green as seen at the end of in last trading. With action 2.80%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -94.75%, with the 5-day performance at 2.80% in the green. However, in the 30-day time frame, Lyra Therapeutics Inc (NASDAQ:LYRA) is 23.60% up. Looking at the short shares, we see there were 2.14 million shares sold at short interest cover period of 3.65 days.
The consensus price target for the stock as assigned by Wall Street analysts is 0.5, meaning bulls need an upside of 44.0% from its current 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 -78.57% plunge from its current level, while the stock would need to soar -78.57% 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 -26.08% over the past 6 months, a -19.51% in annual growth rate that is considerably lower than the industry average of 17.00%. Year-over-year growth is forecast to reach 11.70% up from the last financial year.
Consensus estimates given by 5 financial analysts project the company’s revenue in the current quarter to hit an average of 320k. 5 analysts are of the opinion that Lyra Therapeutics Inc’s revenue for the current quarter will be 330k. The company’s revenue for the corresponding quarters a year ago was 370k and 146k respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -13.50%. The estimates for the next quarter sales put growth at 126.00%.
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 in December.
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 57.50% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 57.88%. There are 57.50% 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.
