Larimar Therapeutics (LRMR) Stock Price, News & Analysis

Company Overview

Larimar Therapeutics, Inc., a clinical-stage biotechnology company, focuses on developing treatments for rare diseases using its novel cell penetrating peptide technology platform. Its lead product candidate is CTI-1601, which is in Phase 2 OLE clinical trial for the treatment of Friedreich's ataxia, a rare, progressive and fatal genetic disease. Larimar Therapeutics, Inc. is based in Bala Cynwyd, Pennsylvania.

Key Stats

• Today's Range: $5.73 to $6.12
• 50-Day Range: $6.08 to $9.29
• 52-Week Range: $3.09 to $13.68
• Volume: 37,842 shs
• Average Volume: 583,445 shs
• Market Capitalization: $373.29 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $20.43
• Consensus Rating: Buy

Larimar Therapeutics Stock Analysis - MarketRank™

Larimar Therapeutics scored higher than 74% of companies evaluated by MarketBeat, and ranked 287th out of 963 stocks in the medical sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 4.5 / 5
• Analyst Rating: Buy

Consensus Rating

Larimar Therapeutics has received a consensus rating of Buy. The company's average rating score is 3.09, and is based on 10 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Larimar Therapeutics has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 0.0 / 5
• Proj. Earnings Growth: Decreasing

Earnings Growth

Earnings for Larimar Therapeutics are expected to decrease in the coming year, from ($1.16) to ($1.46) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Larimar Therapeutics is -5.29, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Larimar Therapeutics is -5.29, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Larimar Therapeutics has a P/B Ratio of 1.95. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

4.26% of the outstanding shares of Larimar Therapeutics have been sold short.

Short Interest Ratio / Days to Cover

Larimar Therapeutics has a short interest ratio ("days to cover") of 4.2.

Change versus previous month

Short interest in Larimar Therapeutics has recently decreased by 26.68%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Larimar Therapeutics does not currently pay a dividend.

Dividend Growth

Larimar Therapeutics does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

4.26% of the outstanding shares of Larimar Therapeutics have been sold short.

Short Interest Ratio / Days to Cover

Larimar Therapeutics has a short interest ratio ("days to cover") of 4.2.

Change versus previous month

Short interest in Larimar Therapeutics has recently decreased by 26.68%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.1 / 5
• News Sentiment: 0.65

News Sentiment

Larimar Therapeutics has a news sentiment score of 0.65. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.45 average news sentiment score of Medical companies.

News Coverage This Week

MarketBeat has tracked 9 news articles for Larimar Therapeutics this week, compared to 3 articles on an average week.

Search Interest

Only 6 people have searched for LRMR on MarketBeat in the last 30 days. This is a decrease of -45% compared to the previous 30 days.

MarketBeat Follows

10 people have added Larimar Therapeutics to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Larimar Therapeutics insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 3.50% of the stock of Larimar Therapeutics is held by insiders.

Percentage Held by Institutions

91.92% of the stock of Larimar Therapeutics is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

LRMR Stock Analysis - Frequently Asked Questions

How have LRMR shares performed this year?

Larimar Therapeutics' stock was trading at $4.55 on January 1st, 2024. Since then, LRMR shares have increased by 33.6% and is now trading at $6.08.
View the best growth stocks for 2024 here.

How were Larimar Therapeutics' earnings last quarter?

Larimar Therapeutics, Inc. (NASDAQ:LRMR) released its quarterly earnings data on Wednesday, October, 30th. The company reported ($0.24) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.37) by $0.13.

Who are Larimar Therapeutics' major shareholders?

Larimar Therapeutics' top institutional investors include Janus Henderson Group PLC (8.72%), Verition Fund Management LLC (1.82%), State Street Corp (1.43%) and Geode Capital Management LLC (1.41%). Insiders that own company stock include James E Flynn, Michael Celano, Joseph Truitt and Frank E Thomas.
View institutional ownership trends.

How do I buy shares of Larimar Therapeutics?

Shares of LRMR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Larimar Therapeutics own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Larimar Therapeutics investors own include NVIDIA (NVDA), Invesco QQQ (QQQ), Broadcom (AVGO), Meta Platforms (META), Arista Networks (ANET), Adobe (ADBE) and ServiceNow (NOW).

Company Calendar

• Last Earnings: 10/30/2024
• Today: 11/21/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 3/13/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Medical
• Industry: Pharmaceutical preparations
• Sub-Industry: Pharmaceutical Products
• Current Symbol: NASDAQ:LRMR
• CUSIP: N/A
• CIK: 1374690
• Web: larimartx.com
• Phone: (844) 511-9056
• Fax: N/A
• Employees: 30
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $20.43
• High Stock Price Target: $26.00
• Low Stock Price Target: $14.00
• Potential Upside/Downside: +236.0%
• Consensus Rating: Buy
• Rating Score (0-4): 3.09
• Research Coverage: 11 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($1.15)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-36,950,000.00
• Net Margins: N/A
• Pretax Margin: N/A
• Return on Equity: -35.87%
• Return on Assets: -32.37%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 13.10
• Quick Ratio: 13.10

Sales & Book Value

• Annual Sales: N/A
• Price / Sales: N/A
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $3.11 per share
• Price / Book: 1.95

Miscellaneous

• Outstanding Shares: 63,810,000
• Free Float: 61,574,000
• Market Cap: $387.96 million
• Optionable: Optionable
• Beta: 0.95