Ratios Reveal: Breaking Down Larimar Therapeutics Inc (LRMR)’s Financial Health

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Larimar Therapeutics Inc (NASDAQ: LRMR) closed the day trading at $8.13 up 7.11% from the previous closing price of $7.59. In other words, the price has increased by $7.11 from its previous closing price. On the day, 1.01 million shares were traded. LRMR stock price reached its highest trading level at $8.34 during the session, while it also had its lowest trading level at $7.51.

Ratios:

For a better understanding of LRMR, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 17.99 and its Current Ratio is at 17.99. In the meantime, Its Debt-to-Equity ratio is 0.02 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, Leerink Partners on April 03, 2024, initiated with a Outperform rating and assigned the stock a target price of $25.

On November 17, 2023, Citigroup Upgraded its rating to Buy which previously was Neutral but kept the price unchanged to $4.50.

On October 19, 2022, Guggenheim started tracking the stock assigning a Buy rating and target price of $12.Guggenheim initiated its Buy rating on October 19, 2022, with a $12 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 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.

Hamilton Thomas Edward bought 57,208 shares of LRMR for $499,998 on Feb 16 ’24. The Director now owns 564,798 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 518710272 and an Enterprise Value of 296759392.

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 5.07%, while the 200-Day Moving Average is calculated to be 35.05%.

Shares Statistics:

Over the past 3-months, LRMR traded about 462.38K shares per day on average, while over the past 10 days, LRMR traded about 425540 shares per day. A total of 43.91M shares are outstanding, with a floating share count of 37.09M. Insiders hold about 41.87% of the company’s shares, while institutions hold 59.90% stake in the company. Shares short for LRMR as of 1715731200 were 3907737 with a Short Ratio of 6.96, compared to 1713139200 on 3632096. Therefore, it implies a Short% of Shares Outstanding of 3907737 and a Short% of Float of 9.379999999999999.

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