After finishing at $8.56 in the prior trading day, Larimar Therapeutics Inc (NASDAQ: LRMR) closed at $8.09, down -5.49%. In other words, the price has decreased by -$0.47 from its previous closing price. On the day, 779852 shares were traded.
Ratios:
Our goal is to gain a better understanding of LRMR by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 9.49 and its Current Ratio is at 9.49. In the meantime, Its Debt-to-Equity ratio is 0.07 whereas as Long-Term Debt/Eq ratio is at 0.06.
On October 19, 2022, Guggenheim started tracking the stock assigning a Buy rating and target price of $12.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Feb 16 ’24 when Flynn James E bought 4,290,617 shares for $8.74 per share. The transaction valued at 37,499,993 led to the insider holds 6,151,406 shares of the business.
THOMAS FRANK E bought 2,000 shares of LRMR for $22,000 on Feb 14 ’24. The Director now owns 2,000 shares after completing the transaction at $11.00 per share. On Dec 07 ’23, another insider, Shankar Gopi, who serves as the Chief Development Officer of the company, bought 5,000 shares for $3.73 each. As a result, the insider paid 18,662 and bolstered with 5,000 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, LRMR now has a Market Capitalization of 516.78M and an Enterprise Value of 435.54M.
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 $2.18. The 50-Day Moving Average of the stock is 8.25, while the 200-Day Moving Average is calculated to be 4.77.
Shares Statistics:
The stock has traded on average 577.19K shares per day over the past 3-months and 791.68k shares per day over the last 10 days, according to various share statistics. A total of 43.91M shares are outstanding, with a floating share count of 25.84M. Insiders hold about 41.15% of the company’s shares, while institutions hold 64.47% stake in the company. Shares short for LRMR as of Feb 29, 2024 were 506.81k with a Short Ratio of 0.88, compared to 339.7k on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 0.80% and a Short% of Float of 1.11%.
Earnings Estimates
Its stock is currently analyzed by 3 different market analysts. On average, analysts expect EPS of -$0.23 for the current quarter, with a high estimate of -$0.21 and a low estimate of -$0.25, while EPS last year was -$0.15. The consensus estimate for the next quarter is -$0.27, with high estimates of -$0.25 and low estimates of -$0.29.
Analysts are recommending an EPS of between -$1.17 and -$1.27 for the fiscal current year, implying an average EPS of -$1.21. EPS for the following year is -$1.95, with 2 analysts recommending between -$1.87 and -$2.03.
