Additionally, the 36-month beta value for LYRA is -0.01. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for LYRA is 55.66M and currently, short sellers hold a 6.28% ratio of that float. The average trading volume of LYRA on August 20, 2024 was 1.65M shares.
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LYRA) stock’s latest price update
The stock price of Lyra Therapeutics Inc (NASDAQ: LYRA) has jumped by 3.21 compared to previous close of 0.31. Despite this, the company has seen a gain of 7.37% in its stock price over the last five trading days. zacks.com reported 2024-08-14 that Lyra Therapeutics, Inc. (LYRA) came out with a quarterly loss of $0.29 per share versus the Zacks Consensus Estimate of a loss of $0.34. This compares to loss of $0.33 per share a year ago.
LYRA’s Market Performance
LYRA’s stock has risen by 7.37% in the past week, with a monthly rise of 11.42% and a quarterly drop of -13.67%. The volatility ratio for the week is 6.77% while the volatility levels for the last 30 days are 8.77% for Lyra Therapeutics Inc The simple moving average for the past 20 days is 5.60% for LYRA’s stock, with a -89.76% simple moving average for the past 200 days.
Analysts’ Opinion of LYRA
Many brokerage firms have already submitted their reports for LYRA stocks, with Jefferies repeating the rating for LYRA by listing it as a “Hold.” The predicted price for LYRA in the upcoming period, according to Jefferies is $0.50 based on the research report published on May 07, 2024 of the current year 2024.
H.C. Wainwright, on the other hand, stated in their research note that they expect to see LYRA reach a price target of $2, previously predicting the price at $12. The rating they have provided for LYRA stocks is “Neutral” according to the report published on May 07th, 2024.
LYRA Trading at 9.77% from the 50-Day Moving Average
After a stumble in the market that brought LYRA to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -95.26% of loss for the given period.
Volatility was left at 8.77%, however, over the last 30 days, the volatility rate increased by 6.77%, as shares surge +4.93% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.78% lower at present.
During the last 5 trading sessions, LYRA rose by +4.93%, which changed the moving average for the period of 200-days by -89.33% in comparison to the 20-day moving average, which settled at $0.3056. In addition, Lyra Therapeutics Inc saw -93.85% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at LYRA starting from Waksal Harlan, who purchase 25,000 shares at the price of $2.96 back on Nov 10 ’23. After this action, Waksal Harlan now owns 261,966 shares of Lyra Therapeutics Inc, valued at $74,095 using the latest closing price.
Stock Fundamentals for LYRA
Current profitability levels for the company are sitting at:
- -41.01 for the present operating margin
- -6.0 for the gross margin
The net margin for Lyra Therapeutics Inc stands at -55.71. The total capital return value is set at -0.99. Equity return is now at value -156.52, with -92.07 for asset returns.
Based on Lyra Therapeutics Inc (LYRA), the company’s capital structure generated 0.54 points at debt to capital in total, while cash flow to debt ratio is standing at -2.06. The debt to equity ratio resting at 1.19. The interest coverage ratio of the stock is -69.62.
Currently, EBITDA for the company is -65.25 million with net debt to EBITDA at -0.07. When we switch over and look at the enterprise to sales, we see a ratio of 13.81. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.60.
Conclusion
In conclusion, Lyra Therapeutics Inc (LYRA) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
