Larimar Therapeutics Inc (LRMR) is looking forward to a strong quarter

With 1.3 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.98 million shares. The 52-week range on LRMR shows that it touched its highest point at $11.20 and its lowest point at $1.61 during that stretch. It currently has a 1-year price target of $20.73. Beta for the stock currently stands at 0.86.

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 LRMR was down-trending over the past week, with a drop of -22.68%, but this was up by 16.85% over a month. Three-month performance dropped to -38.28% while six-month performance fell -74.51%. The stock lost -73.74% in the past year, while it has lost -46.25% so far this year. A look at the trailing 12-month EPS for LRMR yields -1.49 with Next year EPS estimates of -1.97. For the next quarter, that number is -0.48. This implies an EPS growth rate of -45.99% for this year and -2.24% for next year. EPS is expected to decline by -7.85% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 50.78%.

Float and Shares Shorts:

At present, 64.03 million LRMR shares are outstanding with a float of 36.68 million shares on hand for trading.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for LRMR since 2 analysts follow the stock currently. There are 2 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 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.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$1.1668 being high and -$1.26141 being low. For LRMR, this leads to a yearly average estimate of -$1.20885.