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Lyra Therapeutics Inc (NASDAQ: LYRA) closed the day trading at $0.26 down -3.13% from the previous closing price of $0.27. In other words, the price has decreased by -$3.13 from its previous closing price. On the day, 0.82 million shares were traded. LYRA stock price reached its highest trading level at $0.273 during the session, while it also had its lowest trading level at $0.2583.
Ratios:
For a better understanding of LYRA, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 3.60 and its Current Ratio is at 3.60. In the meantime, Its Debt-to-Equity ratio is 1.19 whereas as Long-Term Debt/Eq ratio is at 1.05.
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.
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 10 ’23 when Waksal Harlan bought 25,000 shares for $2.96 per share. The transaction valued at 74,095 led to the insider holds 261,966 shares of the business.
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 17018742 and an Enterprise Value of -13731249. For the stock, the TTM Price-to-Sale (P/S) ratio is 9.35 while its Price-to-Book (P/B) ratio in mrq is 0.55. Its current Enterprise Value per Revenue stands at -7.545 whereas that against EBITDA is 0.185.
Stock Price History:
Over the past 52 weeks, LYRA has reached a high of $6.79, while it has fallen to a 52-week low of $0.25. The 50-Day Moving Average of the stock is -13.27%, while the 200-Day Moving Average is calculated to be -91.13%.
Shares Statistics:
Over the past 3-months, LYRA traded about 1.32M shares per day on average, while over the past 10 days, LYRA traded about 747450 shares per day. A total of 57.21M shares are outstanding, with a floating share count of 56.40M. Insiders hold about 13.84% of the company’s shares, while institutions hold 45.81% stake in the company. Shares short for LYRA as of 1723680000 were 4151198 with a Short Ratio of 2.25, compared to 1721001600 on 3717940. Therefore, it implies a Short% of Shares Outstanding of 4151198 and a Short% of Float of 7.91.
