On Tuesday, Larimar Therapeutics Inc (NASDAQ: LRMR) was -12.52% drop from the session before settling in for the closing price of $7.91. A 52-week range for LRMR has been $2.18 – $13.68.
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When this article was written, the company’s average yearly earnings per share was at -71.45%. With a float of $37.27 million, this company’s outstanding shares have now reached $43.91 million.
Let’s look at the performance matrix of the company that is accounted for 42 employees. In terms of profitability, gross margin is 0.0%, operating margin of 0.0%, and the pretax margin is 0.0%.
Larimar Therapeutics Inc (LRMR) Insider Updates
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Larimar Therapeutics Inc stocks. The insider ownership of Larimar Therapeutics Inc is 41.59%, while institutional ownership is 62.83%. The most recent insider transaction that took place on Feb 16 ’24, was worth 499,998. In this transaction Director of this company bought 57,208 shares at a rate of $8.74, taking the stock ownership to the 564,798 shares. Before that another transaction happened on Feb 16 ’24, when Company’s Director bought 4,290,617 for $8.74, making the entire transaction worth $37,499,993. This insider now owns 6,151,406 shares in total.
Larimar Therapeutics Inc (LRMR) Performance Highlights and Predictions
Going through the last 3-months fiscal report unveiled on the 6/30/2024, it has been observed that the corporation posted -0.21 earnings per share (EPS) during the time that was better than consensus figure (set at -0.22) by 0.01. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.4 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -71.45% per share during the next fiscal year.
Larimar Therapeutics Inc (NASDAQ: LRMR) Trading Performance Indicators
You can see what Larimar Therapeutics Inc (LRMR) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 10.93.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.11, a number that is poised to hit -0.38 in the next quarter and is forecasted to reach -2.02 in one year’s time.
Technical Analysis of Larimar Therapeutics Inc (LRMR)
Larimar Therapeutics Inc (NASDAQ: LRMR) saw its 5-day average volume 0.27 million, a negative change from its year-to-date volume of 0.53 million. As of the previous 9 days, the stock’s Stochastic %D was 35.24%. Additionally, its Average True Range was 0.49.
During the past 100 days, Larimar Therapeutics Inc’s (LRMR) raw stochastic average was set at 19.09%, which indicates a significant increase from 9.93% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 68.70% in the past 14 days, which was lower than the 80.29% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $8.30, while its 200-day Moving Average is $7.27. Nevertheless, the first resistance level for the watch stands at $7.60 in the near term. At $8.27, the stock is likely to face the second major resistance level. The third major resistance level sits at $8.69. If the price goes on to break the first support level at $6.51, it is likely to go to the next support level at $6.09. Assuming the price breaks the second support level, the third support level stands at $5.42.
Larimar Therapeutics Inc (NASDAQ: LRMR) Key Stats
There are 63,802K outstanding shares of the company, which has a market capitalization of 441.57 million. As of now, sales total 0 K while income totals -36,950 K. Its latest quarter income was 0 K while its last quarter net income were -21,630 K.
