The trading price of Lexeo Therapeutics Inc (NASDAQ:LXEO) floating higher at last check on current market day and closing at $3.65, 34.69% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it has been fluctuating between $2.988 and $3.98. In examining the 52-week price action we see that the stock hit a 52-week high of $19.50 and a 52-week low of $2.32. Over the past month, the stock has lost -6.17% in value.
Lexeo Therapeutics Inc, whose market valuation is $120.69 million at the time of this writing, is expected to release its quarterly earnings report on 2024-Nov-12. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by -0.8 per share this quarter, however they have predicted annual earnings per share of -3.01 for current year and -3.12 for next year.
From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 750k.
On the technical side, indicators suggest LXEO has a 50% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Sell, while an average of long term indicators suggests that the stock is currently 100% Sell.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned LXEO a recommendation rating is 2. Out of them, 0 rate it a Hold, while 2 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged Lexeo Therapeutics Inc (LXEO) as Underweight, while 0 advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
A quick review shows that LXEO’s price is currently 26.22% off the SMA20 and -13.10% off the SMA50. The RSI metric on the 14-day chart is currently showing 54.45, and weekly volatility stands at 13.76%. When measured over the past 30 days, the indicator reaches 12.54%. Lexeo Therapeutics Inc (NASDAQ:LXEO)’s beta value is currently sitting at 2.81, while the Average True Range indicator is currently displaying 0.45. With analysts defining $28-$28 as the low and high price targets, we arrive at a consensus price target of $28 for the trailing 12-month period. The current price is about -667.12% off the estimated low and -667.12% off the forecast high, based on this estimate. Investors will be thrilled if LXEO’s share price rises to $28, which is the median consensus price. At that level, LXEO’s share price would be -667.12% below current price.
To see how Lexeo Therapeutics Inc stock has been performing today in comparison to its peers in the industry, here are the numbers: LXEO stock’s performance was 34.69% at last check in today’s session, and -75.91% in the past year.
An evaluation of the daily trading volume of Lexeo Therapeutics Inc (NASDAQ:LXEO) indicates that the 3-month average is 333.84K. However, this figure has increased over the past 10 days to an average of 0.36.
Currently, records show that 33.06 million of the company’s shares remain outstanding. The insiders hold 24.61% of outstanding shares, whereas institutions hold 83.49%. The stats also highlight that short interest as of 2025-02-28, stood at 2.43 million shares, resulting in a short ratio of 7.83 at that time. From this, we can conclude that short interest is 823.00 of the company’s total outstanding shares. It is noteworthy that short shares in February were up slightly from the previous month’s figure, which was 1.88 million. However, since the stock’s price has seen -44.53% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
