Those aspiring to outpace the market meticulously engage in the process of selecting individual stocks. Strategic choices can be instrumental in accelerating your wealth.
The price of Lexicon Pharmaceuticals Inc (NASDAQ: LXRX) closed at $0.79 in the last session, up 1.48% from day before closing price of $0.78. In other words, the price has increased by $1.48 from its previous closing price. On the day, 3.09 million shares were traded. LXRX stock price reached its highest trading level at $0.8 during the session, while it also had its lowest trading level at $0.7529.
Ratios:
We take a closer look at LXRX’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 7.43 and its Current Ratio is at 7.45. In the meantime, Its Debt-to-Equity ratio is 0.59 whereas as Long-Term Debt/Eq ratio is at 0.59.
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 this company, H.C. Wainwright on June 17, 2024, initiated with a Buy rating and assigned the stock a target price of $10.
On April 30, 2024, Leerink Partners started tracking the stock assigning a Outperform rating and target price of $5.
On March 07, 2023, Jefferies started tracking the stock assigning a Hold rating and target price of $3.Jefferies initiated its Hold rating on March 07, 2023, with a $3 target price.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Aug 15 ’24 when COATS LONNEL bought 300,000 shares for $1.60 per share.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, LXRX now has a Market Capitalization of 285072608 and an Enterprise Value of 126598592. For the stock, the TTM Price-to-Sale (P/S) ratio is 55.31 while its Price-to-Book (P/B) ratio in mrq is 1.60. Its current Enterprise Value per Revenue stands at 24.211 whereas that against EBITDA is -0.601.
Stock Price History:
Over the past 52 weeks, LXRX has reached a high of $3.73, while it has fallen to a 52-week low of $0.62. The 50-Day Moving Average of the stock is -22.78%, while the 200-Day Moving Average is calculated to be -51.13%.
Shares Statistics:
According to the various share statistics, LXRX traded on average about 4.25M shares per day over the past 3-months and 4300270 shares per day over the past 10 days. A total of 361.49M shares are outstanding, with a floating share count of 168.72M. Insiders hold about 53.33% of the company’s shares, while institutions hold 29.65% stake in the company. Shares short for LXRX as of 1734048000 were 31277836 with a Short Ratio of 7.36, compared to 1731628800 on 31378261. Therefore, it implies a Short% of Shares Outstanding of 31277836 and a Short% of Float of 19.189999999999998.
