Larimar Therapeutics Inc (NASDAQ: LRMR) is -43.15% lower on its value in year-to-date trading and has touched a low of $1.96 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 $2.00 in the last trading session, with the day’s gains setting it 0.2%.
Currently trading at $2.20, the stock is -11.98% and -26.72% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.63 million and changing 10.00% at the moment leaves the stock -63.56% off its SMA200. LRMR registered -70.51% loss for a year compared to 6-month loss of -66.41%. The firm has a 50-day simple moving average (SMA 50) of $3.002 and a 200-day simple moving average (SMA200) of $6.03775.
The stock witnessed a -21.15% gain in the last 1 month and extending the period to 3 months gives it a -43.73%, and is -2.22% 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 9.53% over the week and 8.46% over the month.
Larimar Therapeutics Inc (LRMR) has around 65 employees, a market worth around $140.87M and $0.00M in sales. Distance from 52-week low is 12.24% and -80.36% 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, but quarterly earnings will post 0.00% year-over-year. Quarterly sales are estimated to shrink 0.00% in year-over-year returns.
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.
