Perhaps timely catching Lyra Therapeutics Inc (LYRA) would be a good idea

With 1.48 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.49 million shares. During the session, the Biotechnology company that operates in wider Healthcare sector, reached to the highest price of $0.208 whereas the lowest price it dropped to was $0.1864. The 52-week range on LYRA shows that it touched its highest point at $6.79 and its lowest point at $0.16 during that stretch. It currently has a 1-year price target of $1.25. Beta for the stock currently stands at -0.13.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

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 LYRA was up-trending over the past week, with a rise of 13.91%, but this was down by -23.99% over a month. Three-month performance dropped to -35.59% while six-month performance fell -36.83%. The stock lost -93.64% in the past year, while it has lost -96.05% so far this year. A look at the trailing 12-month EPS for LYRA yields -1.53 with Next year EPS estimates of -0.64. For the next quarter, that number is -0.13. This implies an EPS growth rate of -6.83% for this year and 52.45% for next year. EPS is expected to decline by -1.60% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -21.63%.

Float and Shares Shorts:

At present, 57.21 million LYRA shares are outstanding with a float of 54.79 million shares on hand for trading. On 2024-11-15, short shares totaled 2.38 million, which was 363.0 higher than short shares on 1728950400. In addition to Dr. Harlan W. Waksal M.D. as the firm’s Executive Chairman, Dr. Maria Palasis Ph.D. serves as its CEO, President & Director.

Institutional Ownership:

Through their ownership of 0.59790003 of LYRA’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 2024-09-30, LYRA reported revenue of $195000.0 and operating income of -$9638000.0. The EBITDA in the recently reported quarter was -$6795000.0 and diluted EPS was -$0.18.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for LYRA since 3 analysts follow the stock currently. There are 2 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With LYRA analysts setting a high price target of 2.0 and a low target of 0.5, the average target price over the next 12 months is 1.25. Based on these targets, LYRA could surge 852.38% to reach the target high and rise by 138.1% to reach the target low. Reaching the average price target will result in a growth of 495.24% from current levels.

Analysts have provided yearly estimates in a range of -$1.32663 being high and -$1.37505 being low. For LYRA, this leads to a yearly average estimate of -$1.346.