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After finishing at $7.53 in the prior trading day, Larimar Therapeutics Inc (NASDAQ: LRMR) closed at $7.35, down -2.39%. In other words, the price has decreased by -$2.39 from its previous closing price. On the day, 1.73 million shares were traded. LRMR stock price reached its highest trading level at $7.5 during the session, while it also had its lowest trading level at $7.27.
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 10.93 and its Current Ratio is at 10.93. 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, Oppenheimer on October 16, 2024, initiated with a Outperform rating and assigned the stock a target price of $26.
On October 03, 2024, Wedbush started tracking the stock assigning a Outperform rating and target price of $22.
On October 02, 2024, H.C. Wainwright started tracking the stock assigning a Buy rating and target price of $15.H.C. Wainwright initiated its Buy rating on October 02, 2024, with a $15 target price.
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 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.
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 468978496 and an Enterprise Value of 248509712.
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 0.66%, while the 200-Day Moving Average is calculated to be -6.29%.
Shares Statistics:
The stock has traded on average 542.14K shares per day over the past 3-months and 635790 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 37.27M. Insiders hold about 41.58% of the company’s shares, while institutions hold 62.90% stake in the company. Shares short for LRMR as of 1727654400 were 3570849 with a Short Ratio of 6.59, compared to 1724976000 on 3467705. Therefore, it implies a Short% of Shares Outstanding of 3570849 and a Short% of Float of 8.57.
