In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
The closing price of Lyra Therapeutics Inc (NASDAQ: LYRA) was $0.16 for the day, down -4.11% from the previous closing price of $0.16. In other words, the price has decreased by -$4.11 from its previous closing price. On the day, 0.5 million shares were traded. LYRA stock price reached its highest trading level at $0.1637 during the session, while it also had its lowest trading level at $0.1516.
Ratios:
Our analysis of LYRA’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 3.41 and its Current Ratio is at 3.41. In the meantime, Its Debt-to-Equity ratio is 2.97 whereas as Long-Term Debt/Eq ratio is at 2.61.
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 10745118 and an Enterprise Value of 4106719. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.73 while its Price-to-Book (P/B) ratio in mrq is 0.88. Its current Enterprise Value per Revenue stands at 2.677 whereas that against EBITDA is -0.068.
Stock Price History:
The Beta on a monthly basis for LYRA is -0.10, which has changed by -0.9761103 over the last 52 weeks, in comparison to a change of 0.10063088 over the same period for the S&P500. Over the past 52 weeks, LYRA has reached a high of $6.79, while it has fallen to a 52-week low of $0.14. The 50-Day Moving Average of the stock is -16.71%, while the 200-Day Moving Average is calculated to be -34.96%.
Shares Statistics:
LYRA traded an average of 1.18M shares per day over the past three months and 910150 shares per day over the past ten days. A total of 65.52M shares are outstanding, with a floating share count of 54.86M. Insiders hold about 16.73% of the company’s shares, while institutions hold 37.88% stake in the company. Shares short for LYRA as of 1740700800 were 1877045 with a Short Ratio of 1.58, compared to 1738281600 on 2138172. Therefore, it implies a Short% of Shares Outstanding of 1877045 and a Short% of Float of 3.58.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
