Lyra Therapeutics Inc [NASDAQ: LYRA] traded at a low on Tuesday, posting a -4.72 loss after which it closed the day’ session at $0.36.
The results of the trading session contributed to over 4810974 shares changing hands. Over the past one week, the price volatility of Lyra Therapeutics Inc stands at 11.19% while the volatility over the past one month is 13.50%.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The market cap for LYRA stock reached $21.67 million, with 57.21 million shares outstanding and 45.51 million shares in the current float. Compared to the average trading volume of 2.96M shares, LYRA reached a trading volume of 4810974 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Lyra Therapeutics Inc [LYRA]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for LYRA shares is $3.96 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on LYRA stock is a recommendation set at 2.83. 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.
Jefferies have made an estimate for Lyra Therapeutics Inc shares, keeping their opinion on the stock as Hold, with their previous recommendation back on May 07, 2024. While these analysts kept the previous recommendation, H.C. Wainwright raised their target price from $12 to $2. The new note on the price target was released on May 07, 2024, representing the official price target for Lyra Therapeutics Inc stock.
The Average True Range (ATR) for Lyra Therapeutics Inc is set at 0.32, with the Price to Sales ratio for LYRA stock in the period of the last 12 months amounting to 12.90. The Price to Book ratio for the last quarter was 0.28, with the Price to Cash per share for the same quarter was set at 1.43.
How has LYRA stock performed recently?
Lyra Therapeutics Inc [LYRA] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.46. With this latest performance, LYRA shares dropped by -93.18% in over the last four-week period, additionally sinking by -87.83% over the last 6 months – not to mention a drop of -86.79% 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 LYRA stock in for the last two-week period is set at 13.21, with the RSI for the last a single of trading hit 9.69, and the three-weeks RSI is set at 17.35 for Lyra Therapeutics Inc [LYRA]. The present Moving Average for the last 50 days of trading for this stock 4.2815, while it was recorded at 0.3670 for the last single week of trading, and 4.1676 for the last 200 days.
Lyra Therapeutics Inc [LYRA]: Deeper insight into the fundamentals
Lyra Therapeutics Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 4.78 and a Current Ratio set at 4.78.
Earnings analysis for Lyra Therapeutics Inc [LYRA]
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 LYRA. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Lyra Therapeutics Inc go to -1.60%.
Insider trade positions for Lyra Therapeutics Inc [LYRA]
The top three institutional holders of LYRA stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in LYRA stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in LYRA stock with ownership which is approximately 5.8386%.
