In the last trading session, 2.26 million shares of the Lexicon Pharmaceuticals Inc (NASDAQ:LXRX) were traded, and its beta was 1.06. Most recently the company’s share price was $0.74, and it changed around $0.03 or 4.40% from the last close, which brings the market valuation of the company to $288.65M. LXRX currently trades at a discount to its 52-week high of $3.73, offering almost -404.05% off that amount. The share price’s 52-week low was $0.62, which indicates that the current value has risen by an impressive 16.22% since then. We note from Lexicon Pharmaceuticals Inc’s average daily trading volume that its 10-day average is 3.9 million shares, with the 3-month average coming to 3.35 million.
Lexicon Pharmaceuticals Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.67. If we narrow it down even further, the data shows that 0 out of 6 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 2 recommended LXRX as a Hold, whereas 2 deemed it a Buy, and 0 rated it as Underweight.
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Lexicon Pharmaceuticals Inc (NASDAQ:LXRX) trade information
Instantly LXRX has showed a green trend with a performance of 4.40% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 0.8000 on recent trading dayincreased the stock’s daily price by 7.5%. The company’s shares are currently down -51.89% year-to-date, but still down -8.09% over the last five days. On the other hand, Lexicon Pharmaceuticals Inc (NASDAQ:LXRX) is -43.38% down in the 30-day period. We can see from the shorts that 31.38 million shares have been sold at a short interest cover period of 7.49 day(s).
The consensus price target as assigned by Wall Street analysts is $6, which translates to bulls needing to increase their stock price by 87.67% from its current value. Analyst projections state that LXRX is forecast to be at a low of $6 and a high of $6.
Lexicon Pharmaceuticals Inc (LXRX) estimates and forecasts
Lexicon Pharmaceuticals Inc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -57.94 percent over the past six months and at a 16.46% annual growth rate that is well below the industry average of 17.10%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 6.80%.
LXRX Dividends
Lexicon Pharmaceuticals Inc’s next quarterly earnings report is expected to be released in January.
Lexicon Pharmaceuticals Inc (NASDAQ:LXRX)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 1.15% of Lexicon Pharmaceuticals Inc shares, and 83.21% of them are in the hands of institutional investors. The stock currently has a share float of 84.17%. Lexicon Pharmaceuticals Inc stock is held by 186.0 institutions, with ARTAL GROUP S.A. being the largest institutional investor. By 2024-06-30, it held 71.3555% of the shares, which is about 175.1 million shares worth $294.17 million.
FMR LLC, with 15.7656% or 38.69 million shares worth $64.99 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
