As of Wednesday, Larimar Therapeutics Inc.’s (NASDAQ:LRMR) stock closed at $3.65, up from $3.62 the previous day. While Larimar Therapeutics Inc. has overperformed by 0.97%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, LRMR rose by 35.37%, with highs and lows ranging from $6.85 to $1.53, whereas the simple moving average fell by -10.11% in the last 200 days.
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Analysis of Larimar Therapeutics Inc. (LRMR)
One of the most important indicators of Larimar Therapeutics Inc.’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of -34.10% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 14.20, 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.
For any stock, average volume can also provide valuable insight into volatility, and LRMR is recording 265.11K average volume. On a monthly basis, the volatility of the stock is set at 7.58%, whereas on a weekly basis, it is put at 6.16%, with a loss of -0.95% over the past seven days. Furthermore, long-term investors anticipate a median target price of $11.88, showing growth from the present price of $3.65, which can serve as yet another indication of whether LRMR is worth investing in or should be passed over.
How Do You Analyze Larimar Therapeutics Inc. Shares?
Along with the fundamentals, it is also important to consider how many employees own shares of 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 7.80%. 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 90.90% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
Are institutional investors increasing their holdings in LRMR shares?
The recent increase in stakes in LRMR appears to be a result of several institutional investors and hedge funds increasing their positions. CHI Advisors LLC made another decreased to its shares in LRMR during the first quarter, downing its stake by -20.93%. During the last quarter, the company dropped down -727,101 additional shares for a total stake of worth $12.99 million, bringing number of shares owned by the company to 2,746,265.
During the first quarter, Perceptive Advisors LLC subtracted a -579,291 position in LRMR. Verition Fund Management LLC purchased an additional 0.46 million shares in the last quarter, increasing its holdings by 31.34%, now holding 1.94 million shares worth $9.17 million. At the end of the first quarter, Woodline Partners LP decreased its LRMR holdings by -13.38% and now holds 1.68 million LRMR shares valued at $7.96 million with the lessened -0.26 million shares during the period. LRMR shares are owned by institutional investors to the tune of 90.90% at present.
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