Lyra Therapeutics Inc (NASDAQ:LYRA) shares traded 0.98% higher at $0.11 on Wall Street last session.
LYRA stock price is now -10.15% away from the 50-day moving average and -45.68% away from the 200-day moving average. The market capitalization of the company currently stands at $7.47M.
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With the price target reduced from $10 to $0.50, Jefferies Downgraded its rating from Buy to Hold for Lyra Therapeutics Inc (NASDAQ: LYRA). On May 07, 2024, H.C. Wainwright Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock reducing its target price from $12 to quote $2, while ‘BofA Securities’ rates the stock as ‘Underperform’
In other news, Waksal Harlan, Officer bought 145,370 shares of the company’s stock on Apr 25 ’25. The stock was bought for $14,930 at an average price of $0.10. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 09 ’25, Officer Palasis Maria bought 39,567 shares of the business’s stock. A total of $3,545 was incurred on buying the stock at an average price of $0.09. A total of 16.73% of the company’s stock is owned by insiders.
During the past 12 months, Lyra Therapeutics Inc has had a low of $0.08 and a high of $0.42. As of last week, the company has a debt-to-equity ratio of 8.62, a current ratio of 2.96, and a quick ratio of 2.96.
The net profit margin was -6711.39% and return on equity was -195.46% for LYRA. The company reported revenue of $0.18 million for the quarter, compared to $0.53 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -65.6 percent. For the current quarter, analysts expect LYRA to generate $440k in revenue.
