Gabelli & Co slashes price target on Lexicon Pharmaceuticals Inc. [LXRX] – find out why.

Lexicon Pharmaceuticals Inc. [NASDAQ: LXRX] traded at a high on 11/25/20, posting a 4.43 gain after which it closed the day’ session at $1.65. The company report on November 17, 2020 that Results From SOLOIST and SCORED Outcomes Studies Presented at Late-Breaking Science Session of American Heart Association Scientific Sessions and Published in The New England Journal of Medicine.

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Sotagliflozin Significantly Reduced Total Cardiovascular Deaths, Heart Failure Hospitalization and Urgent Visits, Achieving Primary Endpoint in Both Studies.

Lexicon Pharmaceuticals, Inc. (Nasdaq: LXRX), announced that both the SOLOIST and SCORED Phase 3 studies achieved their primary endpoints by demonstrating statistically significant reductions in total cardiovascular deaths, hospitalizations for heart failure and urgent heart failure visits in patients treated with sotagliflozin as compared with placebo.

The results of the trading session contributed to over 2464886 shares changing hands. Over the past one week, the price volatility of Lexicon Pharmaceuticals Inc. stands at 7.23% while the volatility over the past one month is 9.28%.

The market cap for LXRX stock reached $200.31 million, with 107.31 million shares outstanding and 51.47 million shares in the current float. Compared to the average trading volume of 2.62M shares, LXRX reached a trading volume of 2464886 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Lexicon Pharmaceuticals Inc. [LXRX]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for LXRX shares is $2.37 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on LXRX stock is a recommendation set at 2.80. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Gabelli & Co have made an estimate for Lexicon Pharmaceuticals Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on November 18, 2020. The new note on the price target was released on December 11, 2019, representing the official price target for Lexicon Pharmaceuticals Inc. stock. Previously, the target price had yet another raise from $3 to $4, while Citigroup kept a Neutral rating on LXRX stock.

The Average True Range (ATR) for Lexicon Pharmaceuticals Inc. is set at 0.14, with the Price to Sales ratio for LXRX stock in the period of the last 12 months amounting to 6.16. The Price to Book ratio for the last quarter was 2.01, with the Price to Cash per share for the same quarter was set at 0.92.

How has LXRX stock performed recently?

Lexicon Pharmaceuticals Inc. [LXRX] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.13. With this latest performance, LXRX shares gained by 25.00% in over the last four-week period, additionally sinking by -13.61% over the last 6 months – not to mention a drop of -52.99% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for LXRX stock in for the last two-week period is set at 62.18, with the RSI for the last a single of trading hit 64.92, and the three-weeks RSI is set at 58.50 for Lexicon Pharmaceuticals Inc. [LXRX]. The present Moving Average for the last 50 days of trading for this stock 1.4029, while it was recorded at 1.5480 for the last single week of trading, and 1.8580 for the last 200 days.

Lexicon Pharmaceuticals Inc. [LXRX]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Lexicon Pharmaceuticals Inc. [LXRX] shares currently have an operating margin of +52.81 and a Gross Margin at +98.42. Lexicon Pharmaceuticals Inc.’s Net Margin is presently recorded at +40.40.

Return on Total Capital for LXRX is now 58.39, given the latest momentum, and Return on Invested Capital for the company is 45.67. Return on Equity for this stock inclined to 286.97, with Return on Assets sitting at 36.63. When it comes to the capital structure of this company, Lexicon Pharmaceuticals Inc. [LXRX] has a Total Debt to Total Equity ratio set at 210.83. Additionally, LXRX Total Debt to Total Capital is recorded at 67.83, with Total Debt to Total Assets ending up at 58.52. Long-Term Debt to Equity for the company is recorded at 200.91, with the Long-Term Debt to Total Capital now at 64.64.

Reflecting on the efficiency of the workforce at the company, Lexicon Pharmaceuticals Inc. [LXRX] managed to generate an average of $707,245 per employee. Receivables Turnover for the company is 10.31 with a Total Asset Turnover recorded at a value of 0.91.Lexicon Pharmaceuticals Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.50 and a Current Ratio set at 1.50.

Earnings analysis for Lexicon Pharmaceuticals Inc. [LXRX]

With the latest financial reports released by the company, Lexicon Pharmaceuticals Inc. posted -0.48/share EPS, while the average EPS was predicted by analysts to be reported at -0.77/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 37.70%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for LXRX.

Insider trade positions for Lexicon Pharmaceuticals Inc. [LXRX]

There are presently around $172 million, or 89.20% of LXRX stock, in the hands of institutional investors. The top three institutional holders of LXRX stocks are: ARTAL GROUP S.A. with ownership of 60,240,864, which is approximately 0% of the company’s market cap and around 1.08% of the total institutional ownership; FMR LLC, holding 9,285,974 shares of the stock with an approximate value of $15.32 million in LXRX stocks shares; and ULYS, L.L.C., currently with $7.13 million in LXRX stock with ownership of nearly 0% of the company’s market capitalization.

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Positions in Lexicon Pharmaceuticals Inc. stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 37 institutional holders increased their position in Lexicon Pharmaceuticals Inc. [NASDAQ:LXRX] by around 4,091,071 shares. Additionally, 51 investors decreased positions by around 7,561,409 shares, while 31 investors held positions by with 92,613,736 shares. The mentioned changes placed institutional holdings at 104,266,216 shares, according to the latest SEC report filing. LXRX stock had 7 new institutional investments in for a total of 381,184 shares, while 24 institutional investors sold positions of 2,042,685 shares during the same period.

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