Lexicon Pharmaceuticals Inc. (NASDAQ:LXRX) finished Thursday with an addition of $0.01 to close at $1.75, an upside of 0.86 percent. An average of 1,033,635 shares of common stock have been traded in the last five days. There was a gain of $0.0750 in the past week, and it reached a new high 3 times over the past 12 months. The last 20 days have seen an average of 1,486,004 shares traded, while the 50-day average volume stands at 1,811,391.
LXRX stock has decreased by -8.12% in the last month. The company shares reached their 1-month lowest point of $1.5900 on 08/18/23. With the stock rallying to its 52-week high on 05/05/23, shares of the company touched a low of $1.59 and a high of $3.79 in 52 weeks. It has reached a new high 14 times so far this year and lost -8.12% or -$0.1750 in price. In spite of this, the price is down -53.68% from the 52-week high.
Valuation Metrics
Lexicon Pharmaceuticals Inc. (LXRX) stock’s beta is 1.18. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1042.16, the price-to-book (PB) ratio at 1.93.
Financial Health
The quick ratio of Lexicon Pharmaceuticals Inc. for the three months ended June 29 was 10.10, and the current ratio was 10.10, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.53 and a total debt to equity ratio of 0.53 for the quarter ending June 29. Its gross profit as reported stood at $0.14 million compared to revenue of $0.14 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Lexicon Pharmaceuticals Inc.’s return on assets was -60.40%.
Earnings Surprise
For the three-month period that ended June 29, Lexicon Pharmaceuticals Inc. had $98.77 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$44.9 million in the quarter, while revenues of -$31.93 million were grew 45.23%. The analyst consensus anticipated Lexicon Pharmaceuticals Inc.’s latest quarter earnings to come in at -$0.17 per share, but it turned out to be -$0.22, a -29.40% surprise. For the quarter, EBITDA amounted to -$43.82 million. Shareholders own equity worth $244.93 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Lexicon Pharmaceuticals Inc. (LXRX) price momentum. RSI 9-day as of the close on 24 August was 44.99%, suggesting the stock is Neutral, with historical volatility in this time frame at 39.17%.
As of today, LXRX’s price is $1.7410 +4.52% or $0.0750 from its 5-day moving average. LXRX is currently trading -12.37% lower than its 20-day SMA and -29.47% lower than its 100-day SMA. However, the stock’s current price level is -30.60% below the SMA50 and -18.54% below the SMA200.
The stochastic %K and %D were 56.00% and 51.38%, respectively, and the average true range (ATR) was 0.0866. With the 14-day stochastic at 53.70% and the average true range at 0.0971, the RSI (14) stands at 40.70%. The stock has reached 0.0544 on the 9-day MACD Oscillator while the 14-day reading was at 0.0368.
Analyst Ratings
Jefferies launched coverage on Lexicon Pharmaceuticals Inc. (NASDAQ: LXRX) in its analyst report released on March 07, 2023. The firm assigned the stock a Hold rating. The consensus rating for Lexicon Pharmaceuticals Inc. (LXRX) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell LXRX, while 2 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 2 others rate it as a “buy”.
What is LXRX’s price target for the next 12 months?
Analysts predict a range of price targets between $2.30 and $10.00, with a median target of $5.00. Taking a look at these predictions, the average price target given by analysts for Lexicon Pharmaceuticals Inc. (LXRX) stock is $5.77.
