Lexicon Pharmaceuticals Inc (LXRX) Stock Could Soon Reward Patient Investors

Lexicon Pharmaceuticals Inc (NASDAQ: LXRX) is -47.47% lower on its value in year-to-date trading and has touched a low of $0.73 and a high of $3.73 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The LXRX stock was last observed hovering at around $0.80 in the last trading session, with the day’s loss setting it 0.0%.

Currently trading at $0.80, the stock is -21.39% and -44.87% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.02 million and changing -0.15% at the moment leaves the stock -55.91% off its SMA200. LXRX registered -26.94% loss for a year compared to 6-month gain of -52.72%. The firm has a 50-day simple moving average (SMA 50) of $1.463 and a 200-day simple moving average (SMA200) of $1.816.

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The stock witnessed a -60.41% loss in the last 1 month and extending the period to 3 months gives it a -55.35%, and is 4.15% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 12.00% over the week and 10.39% over the month.

Lexicon Pharmaceuticals Inc (LXRX) has around 285 employees, a market worth around $290.10M and $5.23M in sales. Profit margin for the company is -4109.41%. Distance from 52-week low is 10.10% and -78.45% from its 52-week high. The company has generated returns on investments over the last 12 months (-75.91%).

The EPS is expected to grow by 14.05% this year.

Lexicon Pharmaceuticals Inc (LXRX) Top Institutional Holders

185.0 institutions hold shares in Lexicon Pharmaceuticals Inc (LXRX), with institutional investors hold 82.97% of the company’s shares. The shares outstanding are 244.92M, and float is at 168.63M with Short Float at 18.61%. Institutions hold 82.02% of the Float.

The top institutional shareholder in the company is ARTAL GROUP S.A. with over 175.1 million shares valued at $294.17 million. The investor’s holdings represent 71.3555% of the LXRX Shares outstanding. As of 2024-06-30, the second largest holder is FMR LLC with 38.69 million shares valued at $64.99 million to account for 15.7656 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 9.89 million shares representing 4.0304% and valued at over $16.62 million, while BRAIDWELL LP holds 3.3803 of the shares totaling 8.29 million with a market value of $13.94 million.