Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
After finishing at $1.54 in the prior trading day, Lexicon Pharmaceuticals Inc (NASDAQ: LXRX) closed at $1.58, up 2.60%. In other words, the price has increased by $2.60 from its previous closing price. On the day, 1.27 million shares were traded. LXRX stock price reached its highest trading level at $1.61 during the session, while it also had its lowest trading level at $1.53.
Ratios:
Our goal is to gain a better understanding of LXRX by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 5.58 and its Current Ratio is at 5.60. In the meantime, Its Debt-to-Equity ratio is 1.14 whereas as Long-Term Debt/Eq ratio is at 1.13.
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, Jefferies on March 07, 2023, initiated with a Hold rating and assigned the stock a target price of $3.
On August 12, 2022, Piper Sandler started tracking the stock assigning a Overweight rating and target price of $10.
JP Morgan Upgraded its Underweight to Neutral on January 29, 2021, while the target price for the stock was maintained at $7.
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 Nov 16 ’23 when COATS LONNEL bought 90,000 shares for $1.05 per share. The transaction valued at 94,797 led to the insider holds 914,359 shares of the business.
COATS LONNEL bought 10,000 shares of LXRX for $10,100 on Nov 10 ’23. The Chief Executive Officer now owns 824,359 shares after completing the transaction at $1.01 per share. On Oct 12 ’23, another insider, DEBBANE RAYMOND, who serves as the Director of the company, bought 148,820 shares for $1.03 each. As a result, the insider paid 153,805 and bolstered with 1,340,847 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, LXRX now has a Market Capitalization of 389054464 and an Enterprise Value of 325092064. For the stock, the TTM Price-to-Sale (P/S) ratio is 321.54 while its Price-to-Book (P/B) ratio in mrq is 4.16. Its current Enterprise Value per Revenue stands at 270.01 whereas that against EBITDA is -1.899.
Stock Price History:
Over the past 52 weeks, LXRX has reached a high of $3.79, while it has fallen to a 52-week low of $0.92. The 50-Day Moving Average of the stock is -30.19%, while the 200-Day Moving Average is calculated to be -6.66%.
Shares Statistics:
The stock has traded on average 4.65M shares per day over the past 3-months and 3271810 shares per day over the last 10 days, according to various share statistics. A total of 244.92M shares are outstanding, with a floating share count of 239.55M. Insiders hold about 2.72% of the company’s shares, while institutions hold 73.90% stake in the company. Shares short for LXRX as of 1713139200 were 20123733 with a Short Ratio of 4.33, compared to 1710460800 on 21345582. Therefore, it implies a Short% of Shares Outstanding of 20123733 and a Short% of Float of 42.169996999999995.
