In the last trading session, 1.46 million Lyra Therapeutics Inc (NASDAQ:LYRA) shares changed hands as the company’s beta touched -0.08. With the company’s per share price at $0.17 changed hands at $0.0 or -4.07% during last session, the market valuation stood at $10.80M. LYRA’s last price was a discount, traded about -3894.12% off its 52-week high of $6.79. The share price had its 52-week low at $0.16, which suggests the last value was 5.88% up since then. When we look at Lyra Therapeutics Inc’s average trading volume, we note the 10-day average is 1.02 million shares, with the 3-month average coming to 1.25 million.
Analysts gave the Lyra Therapeutics Inc (LYRA) stock a consensus recommendation rating of Buy, calculated at a mean rating of 3.00. 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.
Lyra Therapeutics Inc (NASDAQ:LYRA) trade information
Instantly LYRA was in red as seen at the end of in last trading. With action -9.69%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -20.06%, with the 5-day performance at -9.69% in the red. However, in the 30-day time frame, Lyra Therapeutics Inc (NASDAQ:LYRA) is -21.43% down. Looking at the short shares, we see there were 1.88 million shares sold at short interest cover period of 1.99 days.
The consensus price target for the stock as assigned by Wall Street analysts is 0.5, meaning bulls need an upside of 66.0% 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 -194.12% plunge from its current level, while the stock would need to soar -194.12% for it to hit the projected low.
Lyra Therapeutics Inc (LYRA) estimates and forecasts
Year-over-year growth is forecast to reach -25.23% down from the last financial year.
Consensus estimates given by 2 financial analysts project the company’s revenue in the current quarter to hit an average of 240k. 2 analysts are of the opinion that Lyra Therapeutics Inc’s revenue for the current quarter will be 242k. The company’s revenue for the corresponding quarters a year ago was 532k and 598k respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -54.89%. The estimates for the next quarter sales put growth at -59.53%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -2.22%. The 2025 estimates are for Lyra Therapeutics Inc earnings to increase by 42.42%, but the outlook for the next 5-year period is at 21.95% per year.
LYRA Dividends
Lyra Therapeutics Inc is expected to release its next quarterly earnings report on 2025-Mar-12.
Lyra Therapeutics Inc (NASDAQ:LYRA)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.60% of Lyra Therapeutics Inc shares while 50.86% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 51.16%. There are 50.86% institutions holding the Lyra Therapeutics Inc stock share, with PERCEPTIVE ADVISORS LLC the top institutional holder. As of 2024-06-30, the company held 19.4892% 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 7.2912% or 4.77 million shares worth $1.32 million as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were iShares Russell 2000 ETF and Vanguard Total Stock Market Index Fund . With 2.44 shares estimated at $0.4 million under it, the former controlled 3.70% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 1.51% of the shares, roughly 992.54 shares worth around $0.16 million.
