Larimar Therapeutics Inc [LRMR] stock prices are up 8.12% to $8.85 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The LRMR shares have gain 7.46% over the last week, with a monthly amount drifted -6.79%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Larimar Therapeutics Inc [NASDAQ: LRMR] stock has seen the most recent analyst activity on April 03, 2024, when Leerink Partners initiated its Outperform rating and assigned the stock a price target of $25. Previously, Citigroup upgraded its rating to Buy on November 17, 2023, and kept the price target unchanged to $4.50. On October 19, 2022, Guggenheim initiated with a Buy rating and assigned a price target of $12 on the stock. William Blair downgraded its rating to a Mkt Perform. JMP Securities initiated its recommendation with a Mkt Outperform. William Blair started tracking with a Outperform rating for this stock on February 01, 2021, and assigned it a price target of $29.
The stock price of Larimar Therapeutics Inc [LRMR] has been fluctuating between $2.18 and $13.68 over the past year. Currently, Wall Street analysts expect the stock to reach $14.5 within the next 12 months. Larimar Therapeutics Inc [NASDAQ: LRMR] shares were valued at $8.85 at the most recent close of the market. An investor can expect a potential return of 63.84% based on the average LRMR price forecast.
Analyzing the LRMR fundamentals
To continue investigating profitability, this company’s Return on Assets is posted at -0.18, Equity is -0.36 and Total Capital is -0.22. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.02.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 8.04 points at the first support level, and at 7.22 for the second support level. However, for the 1st resistance point, the stock is sitting at 9.67, and for the 2nd resistance point, it is at 10.48.
Ratios To Look Out For
It’s worth pointing out that Larimar Therapeutics Inc [NASDAQ:LRMR]’s Current Ratio is 17.99. Also, the Quick Ratio is 17.99, while the Cash Ratio stands at 8.58.
Transactions by insiders
Recent insider trading involved Flynn James E, Director, that happened on Feb 16 ’24 when 4.29 million shares were purchased. Director, Hamilton Thomas Edward completed a deal on Feb 16 ’24 to buy 57208.0 shares. Meanwhile, Director THOMAS FRANK E bought 2000.0 shares on Feb 14 ’24.
