Lyra Therapeutics Inc [NASDAQ: LYRA] gained 16.56% or 0.03 points to close at $0.20 with a heavy trading volume of 8247788 shares.
The daily chart for LYRA points out that the company has recorded -44.94% loss over the past six months.
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If we look at the average trading volume of 1.22M shares, LYRA reached to a volume of 8247788 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying 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 $1.25 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 2.60. 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 0.03, with the Price to Sales ratio for LYRA stock in the period of the last 12 months amounting to 8.71. The Price to Book ratio for the last quarter was 0.62, with the Price to Cash per share for the same quarter was set at 0.79.
Trading performance analysis for LYRA stock
Lyra Therapeutics Inc [LYRA] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -28.84. With this latest performance, LYRA shares dropped by -19.80% in over the last four-week period, additionally sinking by -44.94% over the last 6 months – not to mention a drop of -93.30% 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 38.57, with the RSI for the last a single of trading hit 37.44, and the three-weeks RSI is set at 39.40 for Lyra Therapeutics Inc [LYRA]. The present Moving Average for the last 50 days of trading for this stock 0.2487, while it was recorded at 0.1823 for the last single week of trading, and 1.8716 for the last 200 days.
Lyra Therapeutics Inc [LYRA]: A deeper dive into fundamental analysis
Lyra Therapeutics Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.64 and a Current Ratio set at 3.64.
Lyra Therapeutics Inc [LYRA]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Lyra Therapeutics Inc posted -0.2/share EPS, while the average EPS was predicted by analysts to be reported at -0.33/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.13. 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%.
An analysis of Institutional ownership at Lyra Therapeutics Inc [LYRA]
There are presently around $58.88%, or 59.27%% of LYRA stock, in the hands of institutional investors. The top three institutional holders of LYRA stocks are: PERCEPTIVE ADVISORS LLC with ownership of 12.76 million shares, which is approximately 19.9302%. CITADEL ADVISORS LLC, holding 4.77 million shares of the stock with an approximate value of $$1.32 million in LYRA stocks shares; and CITADEL ADVISORS LLC, currently with $$0.78 million in LYRA stock with ownership which is approximately 4.4211%.
