Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
After finishing at $2.13 in the prior trading day, Lexaria Bioscience Corp (NASDAQ: LEXX) closed at $2.09, down -1.88%. In other words, the price has decreased by -$1.88 from its previous closing price. On the day, 89326.0 shares were traded. LEXX stock price reached its highest trading level at $2.255 during the session, while it also had its lowest trading level at $2.04.
Ratios:
Our goal is to gain a better understanding of LEXX by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 7.18 and its Current Ratio is at 7.18. In the meantime, Its Debt-to-Equity ratio is 0.02 whereas as Long-Term Debt/Eq ratio is at 0.01.
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 Aug 12 ’24 when TURKEL CATHERINE C. bought 1,600 shares for $3.13 per share. The transaction valued at 5,008 led to the insider holds 3,100 shares of the business.
Carle Vanessa sold 2,567 shares of LEXX for $10,268 on Jul 31 ’24. The Secretary now owns 0 shares after completing the transaction at $4.00 per share.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, LEXX now has a Market Capitalization of 36475932 and an Enterprise Value of 24937368. For the stock, the TTM Price-to-Sale (P/S) ratio is 79.29 while its Price-to-Book (P/B) ratio in mrq is 4.11. Its current Enterprise Value per Revenue stands at 60.672 whereas that against EBITDA is -5.501.
Stock Price History:
Over the past 52 weeks, LEXX has reached a high of $6.85, while it has fallen to a 52-week low of $1.20. The 50-Day Moving Average of the stock is -20.93%, while the 200-Day Moving Average is calculated to be -31.08%.
Shares Statistics:
The stock has traded on average 142.39K shares per day over the past 3-months and 155380 shares per day over the last 10 days, according to various share statistics. A total of 17.45M shares are outstanding, with a floating share count of 16.23M. Insiders hold about 6.99% of the company’s shares, while institutions hold 6.09% stake in the company. Shares short for LEXX as of 1731628800 were 342369 with a Short Ratio of 2.40, compared to 1728950400 on 275682. Therefore, it implies a Short% of Shares Outstanding of 342369 and a Short% of Float of 2.0299999.
