The price of Lipella Pharmaceuticals Inc (NASDAQ:LIPO) shares last traded on Wall Street rose 6.44% to $0.46.
LIPO stock price is now 5.10% away from the 50-day moving average and -32.43% away from the 200-day moving average. The market capitalization of the company currently stands at $3.66M.
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In other news, Kaufman Jonathan H, insider bought 10,000 shares of the company’s stock on May 14 ’24. The stock was bought for $7,590 at an average price of $0.76. Upon completion of the transaction, the insider now directly owns 898,849 shares in the company, valued at $0.41 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 18 ’24, below. Kaufman Jonathan H bought 30,000 shares of the business’s stock. A total of $23,649 was incurred on buying the stock at an average price of $0.79. This leaves the insider owning 863,849 shares of the company worth $0.4 million. A total of 35.49% of the company’s stock is owned by insiders.
During the past 12 months, Lipella Pharmaceuticals Inc has had a low of $0.32 and a high of $2.71. As of last week, the company has a debt-to-equity ratio of 0.05, a current ratio of 4.33, and a quick ratio of 4.33. The fifty day moving average price for LIPO is $0.43858 and a two-hundred day moving average price translates $0.68023 for the stock.
The latest earnings results from Lipella Pharmaceuticals Inc (NASDAQ: LIPO) was released for 2024-06-30. The net profit margin was -816.71% and return on equity was -171.56% for LIPO. The company reported revenue of $0.14 million for the quarter, compared to $0.11 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 27.1 percent.
