Lexicon Pharmaceuticals Inc (NASDAQ:LXRX) shares traded 11.88% higher at $0.86 on Wall Street last session.
LXRX stock price is now -43.38% away from the 50-day moving average and -53.56% away from the 200-day moving average. The market capitalization of the company currently stands at $349.20M.
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With the price target of $10, H.C. Wainwright recently initiated with Buy rating for Lexicon Pharmaceuticals Inc (NASDAQ: LXRX). On April 30, 2024, Leerink Partners recently initiated its ‘Outperform’ rating on the stock quoting a target price of $5, while ‘Jefferies’ rates the stock as ‘Hold’
In other news, COATS LONNEL, Former Affiliate bought 300,000 shares of the company’s stock on Aug 15 ’24. The stock was bought for $480,000 at an average price of $1.60. A total of 15.68% of the company’s stock is owned by insiders.
During the past 12 months, Lexicon Pharmaceuticals Inc has had a low of $0.76 and a high of $3.73. As of last week, the company has a debt-to-equity ratio of 0.59, a current ratio of 7.45, and a quick ratio of 7.43. The fifty day moving average price for LXRX is $1.53 and a two-hundred day moving average price translates $1.85765 for the stock.
The latest earnings results from Lexicon Pharmaceuticals Inc (NASDAQ: LXRX) was released for 2024-09-30. The net profit margin was -4109.41% and return on equity was -135.14% for LXRX. The company reported revenue of $1.75 million for the quarter, compared to $0.16 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 980.25 percent.
