Stocks of Lexicon Pharmaceuticals Inc (LXRX) are poised to climb above their peers

With 2.75 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.8 million shares. During the session, the Biotechnology company that operates in wider Healthcare sector, reached to the highest price of $1.6024 whereas the lowest price it dropped to was $1.53. The 52-week range on LXRX shows that it touched its highest point at $3.73 and its lowest point at $0.92 during that stretch. It currently has a 1-year price target of $6.20. Beta for the stock currently stands at 1.29.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of LXRX was down-trending over the past week, with a drop of -3.09%, but this was down by -14.21% over a month. Three-month performance dropped to -7.65% while six-month performance fell -25.94%. The stock gained 46.73% in the past year, while it has gained 2.61% so far this year. A look at the trailing 12-month EPS for LXRX yields -0.77 with Next year EPS estimates of -0.56. For the next quarter, that number is -0.16. This implies an EPS growth rate of 14.47% for this year and 16.92% for next year.

Float and Shares Shorts:

At present, 361.49 million LXRX shares are outstanding with a float of 349.01 million shares on hand for trading. On 2024-08-30, short shares totaled 25.39 million, which was 701.99996 higher than short shares on 1722384000. In addition to Mr. Jeffrey L. Wade J.D. as the firm’s President & COO, Mr. Brian T. Crum serves as its Senior VP, General Counsel & Secretary.

Institutional Ownership:

Through their ownership of 0.79239 of LXRX’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-06-30, LXRX reported revenue of $1647000.0 and operating income of $-55354000.0. The EBITDA in the recently reported quarter was $-51079000.0 and diluted EPS was $nan.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for LXRX since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.