In the quest to outshine the broader market, stock pickers diligently seek out stocks with the potential for superior performance. Making the right choices can significantly elevate your wealth.
The price of Larimar Therapeutics Inc (NASDAQ: LRMR) closed at $3.67 in the last session, up 3.38% from day before closing price of $3.55. In other words, the price has increased by $3.38 from its previous closing price. On the day, 1.53 million shares were traded.
Ratios:
We take a closer look at LRMR’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 13.10 and its Current Ratio is at 13.10. In the meantime, Its Debt-to-Equity ratio is 0.03 whereas as Long-Term Debt/Eq ratio is at 0.02.
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, Truist on January 29, 2025, initiated with a Buy rating and assigned the stock a target price of $18.
On October 16, 2024, Oppenheimer started tracking the stock assigning a Outperform rating and target price of $26.
On October 03, 2024, Wedbush started tracking the stock assigning a Outperform rating and target price of $22.Wedbush initiated its Outperform rating on October 03, 2024, with a $22 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 Feb 16 ’24 when Hamilton Thomas Edward bought 57,208 shares for $8.74 per share. The transaction valued at 499,998 led to the insider holds 564,798 shares of the business.
Flynn James E bought 4,290,617 shares of LRMR for $37,499,993 on Feb 16 ’24. The Director now owns 6,151,406 shares after completing the transaction at $8.74 per share. On Feb 14 ’24, another insider, THOMAS FRANK E, who serves as the Director of the company, bought 2,000 shares for $11.00 each. As a result, the insider paid 22,000 and bolstered with 2,000 shares of the company.
Stock Price History:
Over the past 52 weeks, LRMR has reached a high of $13.68, while it has fallen to a 52-week low of $3.01. The 50-Day Moving Average of the stock is -20.79%, while the 200-Day Moving Average is calculated to be -47.77%.
Shares Statistics:
A total of 63.81M shares are outstanding, with a floating share count of 36.84M. Insiders hold about 42.27% of the company’s shares, while institutions hold 60.97% stake in the company.
