Larimar Therapeutics Inc (NASDAQ: LRMR) is -40.57% lower on its value in year-to-date trading and has touched a low of $1.61 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 $1.99 in the last trading session, with the day’s gains setting it 0.31%.
Currently trading at $2.30, the stock is 7.98% and 7.09% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.34 million and changing 15.58% at the moment leaves the stock -51.98% off its SMA200. LRMR registered -67.51% loss for a year compared to 6-month loss of -62.66%. The firm has a 50-day simple moving average (SMA 50) of $2.1478 and a 200-day simple moving average (SMA200) of $4.7895.
The stock witnessed a -3.77% gain in the last 1 month and extending the period to 3 months gives it a -21.23%, and is 19.17% 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 8.52% over the week and 8.53% over the month.
Larimar Therapeutics Inc (LRMR) has around 65 employees, a market worth around $147.27M and $0.00M in sales. Distance from 52-week low is 42.86% and -79.46% from its 52-week high. The company has generated returns on investments over the last 12 months (-64.33%).
The EPS is expected to shrink by -46.00% this year
142.0 institutions hold shares in Larimar Therapeutics Inc (LRMR), with institutional investors hold 105.23% of the company’s shares. The shares outstanding are 64.03M, and float is at 36.46M with Short Float at 26.97%. Institutions hold 103.73% 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 JANUS HENDERSON GROUP PLC which holds 4.38 million shares representing 6.8609 and valued at over $31.63 million, while GOLDMAN SACHS GROUP INC holds 6.791 of the shares totaling 4.33 million with a market value of $31.41 million.
