Lyra Therapeutics Inc (LYRA) Stock Could Soon Reward Patient Investors

Lyra Therapeutics Inc (NASDAQ: LYRA) is -95.90% lower on its value in year-to-date trading and has touched a low of $0.16 and a high of $6.79 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 LYRA stock was last observed hovering at around $0.21 in the last trading session, with the day’s loss setting it 0.0%.

Currently trading at $0.21, the stock is -1.09% and -8.86% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.62 million and changing 3.67% at the moment leaves the stock -87.24% off its SMA200. LYRA registered -93.51% loss for a year compared to 6-month loss of -33.89%. The firm has a 50-day simple moving average (SMA 50) of $0.23706 and a 200-day simple moving average (SMA200) of $1.707715.

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The stock witnessed a -21.86% gain in the last 1 month and extending the period to 3 months gives it a -28.28%, and is 13.65% 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 9.08% over the week and 11.12% over the month.

Lyra Therapeutics Inc (LYRA) has around 88 employees, a market worth around $15.33M and $1.47M in sales. Profit margin for the company is -6635.76%. Distance from 52-week low is 32.18% and -96.84% from its 52-week high. The company has generated returns on investments over the last 12 months (-187.93%).

The EPS is expected to shrink by -6.83% this year.

Lyra Therapeutics Inc (LYRA) Top Institutional Holders

84.0 institutions hold shares in Lyra Therapeutics Inc (LYRA), with institutional investors hold 60.19% of the company’s shares. The shares outstanding are 65.46M, and float is at 54.79M with Short Float at 4.34%. Institutions hold 59.79% of the Float.

The top institutional shareholder in the company is PERCEPTIVE ADVISORS LLC with over 12.76 million shares valued at $3.53 million. The investor’s holdings represent 19.9302% of the LYRA Shares outstanding. As of 2024-06-30, the second largest holder is CITADEL ADVISORS LLC with 4.77 million shares valued at $1.32 million to account for 7.4562 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 2.83 million shares representing 4.4211% and valued at over $0.78 million, while SAMSARA BIOCAPITAL, LLC holds 4.3434 of the shares totaling 2.78 million with a market value of $0.77 million.