Lexicon Pharmaceuticals Inc (LXRX) stock hits $1.59: Is it a good time to buy or wait for a dip?

A share price of Lexicon Pharmaceuticals Inc [LXRX] is currently trading at $1.59, down -0.62%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The LXRX shares have gain 4.95% over the last week, with a monthly amount drifted -19.70%, and not seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Lexicon Pharmaceuticals Inc [NASDAQ: LXRX] stock has seen the most recent analyst activity on June 17, 2024, when H.C. Wainwright initiated its Buy rating and assigned the stock a price target of $10. Previously, Leerink Partners started tracking the stock with Outperform rating on April 30, 2024, and set its price target to $5. On March 07, 2023, Jefferies initiated with a Hold rating and assigned a price target of $3 on the stock. Piper Sandler started tracking the stock assigning a Overweight rating and suggested a price target of $10 on August 12, 2022. JP Morgan upgraded its rating to a Neutral but $7 remained the price target by the analyst firm on January 29, 2021. Wedbush downgraded its rating to Neutral for this stock on January 29, 2021, and upped its price target to $8. In a note dated December 08, 2020, Citigroup upgraded an Buy rating on this stock.

Lexicon Pharmaceuticals Inc experienced fluctuations in its stock price throughout the past year between $0.92 and $3.73. Lexicon Pharmaceuticals Inc [NASDAQ: LXRX] shares were valued at $1.59 at the most recent close of the market.

Analyzing the LXRX fundamentals

Trailing Twelve Months sales for Lexicon Pharmaceuticals Inc [NASDAQ:LXRX] were 3.64M which represents 419.56% growth. Gross Profit Margin for this corporation currently stands at 0.81% with Operating Profit Margin at -54.12%, Pretax Profit Margin comes in at -55.09%, and Net Profit Margin reading is -55.09%. To continue investigating profitability, this company’s Return on Assets is posted at -0.54, Equity is 0.73 and Total Capital is -0.57. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.42.

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 1.5567 points at the first support level, and at 1.5233 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.6267, and for the 2nd resistance point, it is at 1.6633.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Lexicon Pharmaceuticals Inc [NASDAQ:LXRX] is 11.51. In addition, the Quick Ratio stands at 11.49 and the Cash Ratio stands at 1.28. Considering the valuation of this stock, the price to sales ratio is 157.90, the price to book ratio is 2.40.

Transactions by insiders

Recent insider trading involved COATS LONNEL, Chief Executive Officer, that happened on Nov 16 ’23 when 90000.0 shares were purchased. Chief Executive Officer, COATS LONNEL completed a deal on Nov 10 ’23 to buy 10000.0 shares. Meanwhile, Director DEBBANE RAYMOND bought 0.15 million shares on Oct 12 ’23.

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