The pursuit of market outperformance leads investors to the practice of hand-picking stocks. Skillful choices can be a catalyst for significant wealth enhancement.
The price of Lexaria Bioscience Corp (NASDAQ: LEXX) closed at $1.93 in the last session, down -6.31% from day before closing price of $2.06. In other words, the price has decreased by -$6.31 from its previous closing price. On the day, 2.31 million shares were traded. LEXX stock price reached its highest trading level at $2.08 during the session, while it also had its lowest trading level at $1.62.
Ratios:
We take a closer look at LEXX’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 29.64 and its Current Ratio is at 29.64. In the meantime, Its Debt-to-Equity ratio is 0.01 whereas as Long-Term Debt/Eq ratio is at 0.01.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Dec 03 ’24 when CHRISTOPHER RICHARD bought 27,172 shares for $2.47 per share. The transaction valued at 67,175 led to the insider holds 50,000 shares of the business.
CHRISTOPHER RICHARD bought 22,828 shares of LEXX for $51,217 on Dec 02 ’24. The Chief Executive Officer now owns 22,828 shares after completing the transaction at $2.24 per share. On Aug 12 ’24, another insider, TURKEL CATHERINE C., who serves as the Director of the company, bought 1,600 shares for $3.13 each. As a result, the insider paid 5,008 and bolstered with 3,100 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, LEXX now has a Market Capitalization of 33876516 and an Enterprise Value of 24937368. For the stock, the TTM Price-to-Sale (P/S) ratio is 67.76 while its Price-to-Book (P/B) ratio in mrq is 3.45. Its current Enterprise Value per Revenue stands at 60.672 whereas that against EBITDA is -5.501.
Stock Price History:
The Beta on a monthly basis for LEXX is 1.09, which has changed by 0.26380372 over the last 52 weeks, in comparison to a change of 0.23147523 over the same period for the S&P500. Over the past 52 weeks, LEXX has reached a high of $6.85, while it has fallen to a 52-week low of $1.36. The 50-Day Moving Average of the stock is -13.46%, while the 200-Day Moving Average is calculated to be -32.39%.
Shares Statistics:
According to the various share statistics, LEXX traded on average about 153.29K shares per day over the past 3-months and 126030 shares per day over the past 10 days. A total of 17.45M shares are outstanding, with a floating share count of 16.28M. Insiders hold about 7.28% of the company’s shares, while institutions hold 6.05% stake in the company. Shares short for LEXX as of 1731628800 were 342369 with a Short Ratio of 3.36, compared to 1728950400 on 275682. Therefore, it implies a Short% of Shares Outstanding of 342369 and a Short% of Float of 2.0299999.
