Larimar Therapeutics Inc (NASDAQ: LRMR)’s stock price has plunge by -6.00relation to previous closing price of 6.50. Nevertheless, the company has seen a 1.50% surge in its stock price over the last five trading sessions. zacks.com reported 2024-11-11 that Madrigal, Corcept, Catalyst Larimar and Theravance have been highlighted in this Industry Outlook article.
Is It Worth Investing in Larimar Therapeutics Inc (NASDAQ: LRMR) Right Now?
The stock has a 36-month beta value of 0.83. Opinions on the stock are mixed, with 9 analysts rating it as a “buy,” 2 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for LRMR is 37.01M, and at present, short sellers hold a 10.48% of that float. On December 13, 2024, the average trading volume of LRMR was 746.84K shares.
LRMR’s Market Performance
LRMR stock saw a decrease of 1.50% in the past week, with a monthly decline of -32.41% and a quarterly a decrease of -15.14%. The volatility ratio for the week is 8.89%, and the volatility levels for the last 30 days are 8.74% for Larimar Therapeutics Inc (LRMR). The simple moving average for the last 20 days is -4.10% for LRMR stock, with a simple moving average of -21.78% for the last 200 days.
Analysts’ Opinion of LRMR
Many brokerage firms have already submitted their reports for LRMR stocks, with Oppenheimer repeating the rating for LRMR by listing it as a “Outperform.” The predicted price for LRMR in the upcoming period, according to Oppenheimer is $26 based on the research report published on October 16, 2024 of the current year 2024.
Wedbush, on the other hand, stated in their research note that they expect to see LRMR reach a price target of $22. The rating they have provided for LRMR stocks is “Outperform” according to the report published on October 03rd, 2024.
H.C. Wainwright gave a rating of “Buy” to LRMR, setting the target price at $15 in the report published on October 02nd of the current year.
LRMR Trading at -14.89% from the 50-Day Moving Average
After a stumble in the market that brought LRMR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -55.34% of loss for the given period.
Volatility was left at 8.74%, however, over the last 30 days, the volatility rate increased by 8.89%, as shares sank -23.05% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.86% lower at present.
During the last 5 trading sessions, LRMR rose by +1.50%, which changed the moving average for the period of 200-days by -46.87% in comparison to the 20-day moving average, which settled at $6.37. In addition, Larimar Therapeutics Inc saw 34.29% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at LRMR starting from Hamilton Thomas Edward, who purchase 57,208 shares at the price of $8.74 back on Feb 16 ’24. After this action, Hamilton Thomas Edward now owns 564,798 shares of Larimar Therapeutics Inc, valued at $499,998 using the latest closing price.
Flynn James E, the Director of Larimar Therapeutics Inc, purchase 4,290,617 shares at $8.74 during a trade that took place back on Feb 16 ’24, which means that Flynn James E is holding 6,151,406 shares at $37,499,993 based on the most recent closing price.
Stock Fundamentals for LRMR
The total capital return value is set at -0.36. Equity return is now at value -44.50, with -40.11 for asset returns.
Based on Larimar Therapeutics Inc (LRMR), the company’s capital structure generated 0.01 points at debt to capital in total, while cash flow to debt ratio is standing at -56.81.
Currently, EBITDA for the company is -41.45 million with net debt to EBITDA at 0.4. The liquidity ratio also appears to be rather interesting for investors as it stands at 13.10.
Conclusion
To sum up, Larimar Therapeutics Inc (LRMR) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing 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.
