While Lyra Therapeutics Inc has overperformed by 3.08%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, LYRA fell by -93.75%, with highs and lows ranging from $6.79 to $0.23, whereas the simple moving average fell by -91.06% in the last 200 days.
On May 07, 2024, Jefferies Downgraded Lyra Therapeutics Inc (NASDAQ: LYRA) to Hold. A report published by H.C. Wainwright on May 07, 2024, Downgraded its rating to ‘Neutral’ for LYRA. BTIG Research initiated its ‘Buy’ rating for LYRA, as published in its report on October 06, 2023. H.C. Wainwright’s report from August 31, 2023 suggests a price prediction of $12 for LYRA shares, giving the stock a ‘Buy’ rating. Cantor Fitzgerald also rated the stock as ‘Overweight’.
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Analysis of Lyra Therapeutics Inc (LYRA)
Further, the quarter-over-quarter increase in sales is 30.57%, showing a positive trend in the upcoming months.
In order to gain a clear picture of Lyra Therapeutics Inc’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. The goal here is to ensure that your current return on equity of -156.52% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 3.60, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
An average volume of 930.69K can be a very valuable indicator of volatility for LYRA stock. On a monthly basis, the volatility of the stock is set at 7.37%, whereas on a weekly basis, it is put at 8.47%, with a loss of -10.65% over the past seven days. Furthermore, long-term investors anticipate a median target price of $0.50, showing growth from the present price of $0.24, which can serve as yet another indication of whether LYRA is worth investing in or should be passed over.
How Do You Analyze Lyra Therapeutics Inc Shares?
In addition to the fundamentals, you should also consider how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 13.84%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 45.91% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
LYRA shares are owned by institutional investors to the tune of 45.91% at present.
