Larimar Therapeutics Inc (NASDAQ: LRMR) is -41.86% lower on its value in year-to-date trading and has touched a low of $2.22 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 $2.31 in the last trading session, with the day’s loss setting it -0.06%.
Currently trading at $2.25, the stock is -15.82% and -27.75% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.98 million and changing -2.60% at the moment leaves the stock -63.84% off its SMA200. LRMR registered -72.19% loss for a year compared to 6-month loss of -65.28%. The firm has a 50-day simple moving average (SMA 50) of $3.1388 and a 200-day simple moving average (SMA200) of $6.2578.
The stock witnessed a -23.73% gain in the last 1 month and extending the period to 3 months gives it a -43.89%, and is -12.45% 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 7.50% over the week and 8.41% over the month.
Larimar Therapeutics Inc (LRMR) has around 65 employees, a market worth around $144.06M and $0.00M in sales. Distance from 52-week low is 1.50% and -79.91% from its 52-week high. The company has generated returns on investments over the last 12 months (-45.83%).
The EPS is expected to shrink by -38.94% this year
153.0 institutions hold shares in Larimar Therapeutics Inc (LRMR), with institutional investors hold 106.46% of the company’s shares. The shares outstanding are 63.82M, and float is at 36.59M with Short Float at 13.88%. Institutions hold 104.64% 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.
