Larimar Therapeutics Inc (NASDAQ: LRMR) kicked off on Tuesday, down -2.77% from the previous trading day, before settling in for the closing price of $7.57. Over the past 52 weeks, LRMR has traded in a range of $2.18-$13.68.
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While this was happening, its average annual earnings per share was recorded -44.79%. With a float of $37.33 million, this company’s outstanding shares have now reached $43.91 million.
The extent of productivity of a business whose workforce counts for 42 workers is very important to gauge. 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
Our next focus will be how large-scale investors are participating in this stock of the Biotechnology Industry. The insider ownership of Larimar Therapeutics Inc is 41.49%, while institutional ownership is 62.28%. 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
In the latest quarterly report, which was put into the public domain on 9/30/2024, the organization reported -0.3 earnings per share (EPS), lower than consensus estimate (set at -0.25) by -0.05. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.36 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -44.79% per share during the next fiscal year.
Larimar Therapeutics Inc (NASDAQ: LRMR) Trading Performance Indicators
Take a look at Larimar Therapeutics Inc’s (LRMR) current performance indicators. Last quarter, stock had a quick ratio of 13.10.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.15, a number that is poised to hit -0.32 in the next quarter and is forecasted to reach -1.61 in one year’s time.
Technical Analysis of Larimar Therapeutics Inc (LRMR)
The latest stats from [Larimar Therapeutics Inc, LRMR] show that its last 5-days average volume of 0.66 million was superior to 0.57 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 22.11%. Additionally, its Average True Range was 0.55.
During the past 100 days, Larimar Therapeutics Inc’s (LRMR) raw stochastic average was set at 25.15%, which indicates a significant increase from 11.88% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 62.65% in the past 14 days, which was lower than the 80.64% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $7.32, while its 200-day Moving Average is $8.00. Now, the first resistance to watch is $7.57. This is followed by the second major resistance level at $7.77. The third major resistance level sits at $7.96. If the price goes on to break the first support level at $7.18, it is likely to go to the next support level at $6.99. Assuming the price breaks the second support level, the third support level stands at $6.79.
Larimar Therapeutics Inc (NASDAQ: LRMR) Key Stats
The company with the Market Capitalisation of 469.62 million has total of 63,807K Shares Outstanding. Its annual sales at the moment are 0 K in contrast with the sum of -36,950 K annual income. Company’s last quarter sales were recorded 0 K and last quarter income was -15,500 K.
