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LYRA’s Stock Dilemma: Lyra Therapeutics Inc’s Market Performance and Outlook

In terms of market performance, Lyra Therapeutics Inc had a somewhat inconsistent run in. The highest value for the stock in the past year was $6.79 on 03/27/24, while the lowest value was $0.21 on 10/08/24.

52-week price history of LYRA Stock

A stock’s 52-week high and low prices can reveal a great deal about its present condition and potential future performance. Lyra Therapeutics Inc’s current trading price is -96.70% away from its 52-week high, while its distance from the 52-week low is 6.41%. The stock’s price range during this period has fluctuated between $0.21 and $6.79. Shares of the company, which operates in the Healthcare sector, recorded a trading volume of around 3.78 million for the day, which was evidently higher than the average daily volume of 1.0 million over the last three months.

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Financial Performance and Market Capitalization

Lyra Therapeutics Inc (LYRA) has experienced a quarterly decline of -22.76% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 14.66M and boasts a workforce of 88 employees.

Moving average and trading volume data

Based on Barchart.com data, the company’s moving average over the 100-day period was 0.2783, with a change in price of -0.0379. Similarly, Lyra Therapeutics Inc recorded 1,193,821 in trading volume during the last 100 days, posting a change of -14.43%.

LYRA Debt-to-equity ratio analysis

The debt-to-equity (D/E) ratio is a valuable metric that offers insight into a company’s financial health and standing in the market. This ratio is calculated by dividing a company’s current total liabilities by its shareholders’ equity. The D/E ratio illustrates the extent of debt a company is utilizing to support its assets in relation to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for LYRA stands at 1.19. Similarly, the long-term debt-to-equity ratio is also 1.05.

LYRA Stock Stochastic Average

The raw stochastic average for Lyra Therapeutics Inc over the last 50 days is presently at 14.68%. This reflects a surge from the raw stochastic average of the previous 20 days, which was noted at 11.56%. Further, the company’s Stochastic %K and %D values for the last 20 days were 43.93% and 53.46%, respectively.

LYRA Stock Price Performance Analysis

The stock price performance for the year has been a mixed bag, indicating either a pessimistic or optimistic outlook depending on how you look at it. Year to date metric has recorded a loss of -95.73%.However, over the last six months, we can see a stronger performance of -37.04%. Over the last 30 days, the price of LYRA has leaped by -1.93%. And in the last five days, it has fallen by -19.97%.

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