Lyra Therapeutics Inc (NASDAQ:LYRA) has a beta value of -0.12 and has seen 1.27 million shares traded in the last trading session. The company, currently valued at $12.98M, closed the last trade at $0.20 per share which meant it gained $0.01 on the day or 4.37% during that session. The LYRA stock price is -3295.0% off its 52-week high price of $6.79 and 20.0% above the 52-week low of $0.16. If we look at the company’s 10-day average daily trading volume, we find that it stood at 4.12 million shares traded. The 3-month trading volume is 1.46 million shares.
The consensus among analysts is that Lyra Therapeutics Inc (LYRA) is Buy stock at the moment, with a recommendation rating of 2.60. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 1 out of 3 have rated it as a Hold, with 2 advising it as a Buy. 0 have rated the stock as Underweight.
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Lyra Therapeutics Inc (NASDAQ:LYRA) trade information
Sporting 4.37% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the LYRA stock price touched $0.20 or saw a rise of 2.34%. Year-to-date, Lyra Therapeutics Inc shares have moved -96.22%, while the 5-day performance has seen it change 1.33%. Over the past 30 days, the shares of Lyra Therapeutics Inc (NASDAQ:LYRA) have changed -21.71%. Short interest in the company has seen 2.38 million shares shorted with days to cover at 1.21.
Wall Street analysts have a consensus price target for the stock at $0.5, which means that the shares’ value could jump 60.0% from current levels. The projected low price target is $0.5 while the price target rests at a high of $0.5. In that case, then, we find that the current price level is -150.0% off the targeted high while a plunge would see the stock gain -150.0% from current levels.
Lyra Therapeutics Inc (LYRA) estimates and forecasts
Figures show that Lyra Therapeutics Inc shares have underperformed across the wider relevant industry. The company’s shares have lost -40.09% over the past 6 months, with this year growth rate of -13.01%, compared to 16.70% for the industry.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -21.63% over the past 5 years. Earnings growth for 2024 is a modest -6.83% while over the next 5 years, the company’s earnings are expected to decrease by -1.60%.
LYRA Dividends
Lyra Therapeutics Inc is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Lyra Therapeutics Inc (NASDAQ:LYRA)’s Major holders
Insiders own 0.66% of the company shares, while shares held by institutions stand at 58.83% with a share float percentage of 59.22%. Investors are also buoyed by the number of investors in a company, with Lyra Therapeutics Inc having a total of 83.0 institutions that hold shares in the company. The top two institutional holders are PERCEPTIVE ADVISORS LLC with over 12.76 million shares worth more than $3.53 million. As of 2024-06-30, PERCEPTIVE ADVISORS LLC held 19.9302% of shares outstanding.
The other major institutional holder is CITADEL ADVISORS LLC, with the holding of over 4.77 million shares as of 2024-06-30. The firm’s total holdings are worth over $1.32 million and represent 7.4562% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are iShares Russell 2000 ETF and Vanguard Total Stock Market Index Fund . As of Sep 30, 2024 , the former fund manager holds about 3.59% shares in the company for having 2.35 shares of worth $0.47 million while later fund manager owns 992.54 shares of worth $0.2 million as of Jun 30, 2024 , which makes it owner of about 1.52% of company’s outstanding stock.
