Larimar Therapeutics Inc (LRMR) is 25.76% away from 50-day simple Moving Average despite all headwinds

On Monday, Larimar Therapeutics Inc (NASDAQ: LRMR) opened higher 4.15% from the last session, before settling in for the closing price of $8.92. Price fluctuations for LRMR have ranged from $2.18 to $13.68 over the past 52 weeks.

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Company’s average yearly earnings per share was noted -44.79% at the time writing. With a float of $37.33 million, this company’s outstanding shares have now reached $43.91 million.

In an organization with 42 employees, it is important to assess its efficiency. 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 and Institutional Ownership

A key investor’s attitude towards the stock of the Biotechnology industry is another important factor to consider. The insider ownership of Larimar Therapeutics Inc is 41.49%, while institutional ownership is 62.71%. 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) Latest Financial update

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

Check out the current performance indicators for Larimar Therapeutics Inc (LRMR). In the past quarter, the stock posted 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)

Let’s dig in a bit further. During the last 5-days, its volume was 1.06 million. That was better than the volume of 0.58 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 90.03%. Additionally, its Average True Range was 0.60.

During the past 100 days, Larimar Therapeutics Inc’s (LRMR) raw stochastic average was set at 62.77%, which indicates a significant decrease from 90.87% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 87.08% in the past 14 days, which was higher than the 80.15% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $7.39, while its 200-day Moving Average is $8.09. However, in the short run, Larimar Therapeutics Inc’s stock first resistance to watch stands at $9.58. Second resistance stands at $9.86. The third major resistance level sits at $10.23. If the price goes on to break the first support level at $8.93, it is likely to go to the next support level at $8.56. The third support level lies at $8.28 if the price breaches the second support level.

Larimar Therapeutics Inc (NASDAQ: LRMR) Key Stats

There are currently 63,807K shares outstanding in the company with a market cap of 579.77 million. Presently, the company’s annual sales total 0 K according to its annual income of -36,950 K. Last quarter, the company’s sales amounted to 0 K and its income totaled -15,500 K.