What is the best trade option for Lexicon Pharmaceuticals Inc (LXRX) stock?

Lexicon Pharmaceuticals Inc [LXRX] stock is trading at $1.69, up 4.97%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The LXRX shares have gain 5.62% over the last week, with a monthly amount glided 4.32%, and 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 [LXRX] stock has fluctuated between $0.92 and $3.73 over the past year. Lexicon Pharmaceuticals Inc [NASDAQ: LXRX] shares were valued at $1.69 at the most recent close of the market.

Analyzing the LXRX fundamentals

Lexicon Pharmaceuticals Inc [NASDAQ:LXRX] reported sales of 3.64M for the trailing twelve months, which represents a growth of 419.56%. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.42.

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 1.6367 points at the first support level, and at 1.5833 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.7267, and for the 2nd resistance point, it is at 1.7633.

Ratios To Look Out For

For context, Lexicon Pharmaceuticals Inc’s Current Ratio is 11.51. Also, the Quick Ratio is 11.49, while the Cash Ratio stands at 1.28. Considering the valuation of this stock, the price to sales ratio is 167.83, the price to book ratio is 2.55.

Transactions by insiders

Recent insider trading involved COATS LONNEL, Former Affiliate, that happened on Aug 15 ’24 when 0.3 million shares were purchased. Chief Executive Officer, COATS LONNEL completed a deal on Nov 16 ’23 to buy 90000.0 shares. Meanwhile, Chief Executive Officer COATS LONNEL bought 10000.0 shares on Nov 10 ’23.

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