The 36-month beta value for LYRA is also noteworthy at -0.02. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 4 rating it as “hold,” and 0 rating it as “sell.”
The public float for LYRA is 56.40M, and at present, short sellers hold a 5.57% of that float. The average trading volume of LYRA on October 03, 2024 was 936.36K shares.
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LYRA) stock’s latest price update
Lyra Therapeutics Inc (NASDAQ: LYRA)’s stock price has gone decline by -5.37 in comparison to its previous close of 0.26, however, the company has experienced a -9.02% decrease in its stock price over the last five trading days. globenewswire.com reported 2024-09-27 that WATERTOWN, Mass., Sept. 27, 2024 (GLOBE NEWSWIRE) — Lyra Therapeutics, Inc. (Nasdaq: LYRA), (“Lyra” or the “Company”), a clinical-stage biotechnology company developing long-acting anti-inflammatory therapies for the localized treatment of chronic rhinosinusitis (CRS), today announced that the Company will present results from the Phase 3 ENLIGHTEN 1 study for LYR-210, the company’s lead product candidate for CRS, at the 70th Annual Meeting of the American Rhinologic Society (ARS), taking place September 27-28 in Miami. The Company will also present additional results from the Phase 2 BEACON study for LYR-220 in adult patients with CRS who have had prior ethmoid sinus surgery at the Annual Meeting of the American Academy of Otolaryngology–Head and Neck Surgery (AAO-HNS), taking place September 28 – October 1 in Miami.
LYRA’s Market Performance
LYRA’s stock has fallen by -9.02% in the past week, with a monthly drop of -18.16% and a quarterly drop of -12.46%. The volatility ratio for the week is 8.25% while the volatility levels for the last 30 days are 6.99% for Lyra Therapeutics Inc The simple moving average for the past 20 days is -9.58% for LYRA’s stock, with a -90.91% 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 -16.83% 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 -96.39% of loss for the given period.
Volatility was left at 6.99%, however, over the last 30 days, the volatility rate increased by 8.25%, as shares sank -14.75% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -18.27% lower at present.
During the last 5 trading sessions, LYRA fell by -9.02%, which changed the moving average for the period of 200-days by -93.90% in comparison to the 20-day moving average, which settled at $0.2689. In addition, Lyra Therapeutics Inc saw -95.32% 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 11.48. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.60.
Conclusion
In summary, Lyra Therapeutics Inc (LYRA) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others 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.
