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The price of Lyra Therapeutics Inc (NASDAQ: LYRA) closed at $0.20 in the last session, down -2.59% from day before closing price of $0.20. In other words, the price has decreased by -$2.59 from its previous closing price. On the day, 1.68 million shares were traded. LYRA stock price reached its highest trading level at $0.2078 during the session, while it also had its lowest trading level at $0.1924.
Ratios:
We take a closer look at LYRA’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 3.64 and its Current Ratio is at 3.64. In the meantime, Its Debt-to-Equity ratio is 1.71 whereas as Long-Term Debt/Eq ratio is at 1.52.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Jefferies on May 07, 2024, Downgraded its rating to Hold and sets its target price to $0.50 from $10 previously.
On May 07, 2024, H.C. Wainwright Downgraded its rating to Neutral which previously was Buy and also lowered its target price recommendation from $12 to $2.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, LYRA now has a Market Capitalization of 12796961 and an Enterprise Value of -3505029. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.71 while its Price-to-Book (P/B) ratio in mrq is 0.62. Its current Enterprise Value per Revenue stands at -2.383 whereas that against EBITDA is 0.052.
Stock Price History:
Over the past 52 weeks, LYRA has reached a high of $6.79, while it has fallen to a 52-week low of $0.16. The 50-Day Moving Average of the stock is -7.35%, while the 200-Day Moving Average is calculated to be -80.00%.
Shares Statistics:
According to the various share statistics, LYRA traded on average about 1.96M shares per day over the past 3-months and 2399040 shares per day over the past 10 days. A total of 65.46M shares are outstanding, with a floating share count of 54.79M. Insiders hold about 16.29% of the company’s shares, while institutions hold 46.47% stake in the company. Shares short for LYRA as of 1734048000 were 1837563 with a Short Ratio of 1.08, compared to 1731628800 on 2378932. Therefore, it implies a Short% of Shares Outstanding of 1837563 and a Short% of Float of 3.5000000000000004.
