Larimar Therapeutics Inc (NASDAQ: LRMR) is -60.36% lower on its value in year-to-date trading and has touched a low of $1.61 and a high of $9.97 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 $3.76 in the last trading session, with the day’s loss setting it -0.01%.
Currently trading at $3.75, the stock is 14.47% and 36.49% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.26 million and changing -0.27% at the moment leaves the stock -5.43% off its SMA200. LRMR registered -3.10% loss for a year compared to 6-month loss of 8.38%. The firm has a 50-day simple moving average (SMA 50) of $2.7475 and a 200-day simple moving average (SMA200) of $3.965325.
The stock witnessed a 25.42% gain in the last 1 month and extending the period to 3 months gives it a 65.93%, and is 12.95% 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 9.00% over the week and 8.78% over the month.
Larimar Therapeutics Inc (LRMR) has around 65 employees, a market worth around $240.10M and $0.00M in sales. Distance from 52-week low is 132.92% and -62.39% 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 -45.50% this year
141.0 institutions hold shares in Larimar Therapeutics Inc (LRMR), with institutional investors hold 104.57% of the company’s shares. The shares outstanding are 64.03M, and float is at 36.46M with Short Float at 17.18%. Institutions hold 103.07% 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.
