Lexicon Pharmaceuticals Inc (NASDAQ:LXRX) does about 2.88M shares in volume on a normal day but saw 1476988 shares change hands in the recent trading day. The company now has a market cap of 607.30M USD. Its current market price is $1.68, marking a decrease of -0.59% compared to the previous close of $1.69. The 52 week high reached by this stock is $3.73 whilst the lowest price level in 52 weeks is $0.92.
Lexicon Pharmaceuticals Inc (LXRX) has a 20-day trading average at $1.6255 and the current price is -54.96% off the 52-week high compared with 82.61% distance from its 52-week low. The 50-day simple moving average of the closing price is $1.7016 and its 200-day simple moving average is $1.8795. If we look at the stock’s price movements over the week, volatility stands at 5.02%, which increases to 5.21% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 53.12 to suggest the stock is neutral.
The consensus objective for the share price is $6.20, suggesting that the stock has a potential upside of 72.9% over the period.
FactSet Research has provided data showing that 3 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 3 analysts have rated it as a buy and 0 have advised that investors hold their positions. The consensus recommendation rating is Buy and Wall Street’s advice is for investors to Strong Buy the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on June 17, 2024 when H.C. Wainwright initiated the stock to “Buy” and issued a price target of $10. Jefferies initiated its price target at $3.
The current price level is 3.38%, -2.09%, and -10.52% away from its SMA20, SMA50, and SMA200 respectively, with the LXRX price moving above the 50-day SMA on current market day. Lexicon Pharmaceuticals Inc (LXRX) stock is up 7.01% over the week and 4.35% over the past month. Its price is 9.80% year-to-date and 60.00% over the past year.
To reach the target analysts have set, the stock logically needs to grow 72.9 percent from here.
The company has a return on investment of -58.25% and return on equity of -94.10%. The beta has a value of 1.27. Price to book ratio is 2.53 and price to sales ratio is 166.84.
