Larimar Therapeutics Inc (NASDAQ: LRMR) is -33.59% lower on its value in year-to-date trading and has touched a low of $2.29 and a high of $11.20 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 LRMR stock was last observed hovering at around $2.37 in the last trading session, with the day’s gains setting it 0.2%.
Currently trading at $2.57, the stock is -9.73% and -21.01% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.29 million and changing 8.44% at the moment leaves the stock -59.80% off its SMA200. LRMR registered -70.46% loss for a year compared to 6-month loss of -61.58%. The firm has a 50-day simple moving average (SMA 50) of $3.2534 and a 200-day simple moving average (SMA200) of $6.3923.
The stock witnessed a -21.65% gain in the last 1 month and extending the period to 3 months gives it a -58.35%, and is -4.46% down 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 8.16% over the week and 8.33% over the month.
Larimar Therapeutics Inc (LRMR) has around 42 employees, a market worth around $163.98M and $0.00M in sales. Distance from 52-week low is 12.23% and -77.05% from its 52-week high. The company has generated returns on investments over the last 12 months (-31.95%).
The EPS is expected to shrink by -43.91% this year, but quarterly earnings will post 0.00% year-over-year. Quarterly sales are estimated to shrink 0.00% in year-over-year returns.
152.0 institutions hold shares in Larimar Therapeutics Inc (LRMR), with institutional investors hold 106.83% of the company’s shares. The shares outstanding are 63.81M, and float is at 36.46M with Short Float at 13.96%. Institutions hold 105.00% of the Float.
The top institutional shareholder in the company is DEERFIELD MANAGEMENT COMPANY, L.P. (SERIES C) with over 21.23 million shares valued at $$153.93 million. The investor’s holdings represent 33.278 of the LRMR Shares outstanding. As of 2024-06-30, the second largest holder is RA CAPITAL MANAGEMENT, L.P. with 6.05 million shares valued at $$43.83 million to account for 9.4752 of the shares outstanding. The other top investors are GOLDMAN SACHS GROUP INC which holds 4.33 million shares representing 8.0906 and valued at over $$31.41 million, while JANUS HENDERSON GROUP PLC holds 6.8609 of the shares totaling 4.38 million with a market value of $$31.63 million.
