Lyra Therapeutics Inc Q3 2024 Earnings Net Loss of 11.9M, Misses EPS and Revenue Estimates
LYRA Stock | USD 0.21 0.02 10.53% |
About 71 percent of all Lyra Therapeutics' investors are curious in acquiring. The analysis of the overall investor sentiment regarding Lyra Therapeutics suggests that a large number of traders are confidant. The current market sentiment, together with Lyra Therapeutics' historical and current headlines, can help investors time the market. In addition, many technical investors use Lyra Therapeutics stock news signals to limit their universe of possible portfolio assets.
Lyra |
Cash Position Cash, cash equivalents, and short-term investments totaled 51.6 million as of September 30, 2024, providing sufficient funding into Q1 2026.Res
Read at gurufocus.com
Lyra Therapeutics Investor Sentiment by Other News Outlets
Investor sentiment, mood or attitude towards Lyra Therapeutics can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Lyra Therapeutics Fundamental Analysis
We analyze Lyra Therapeutics' financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Lyra Therapeutics using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Lyra Therapeutics based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Target Price
Target Price Comparative Analysis
Lyra Therapeutics is currently under evaluation in target price category among its peers.
Lyra Therapeutics Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Lyra Therapeutics stock to make a market-neutral strategy. Peer analysis of Lyra Therapeutics could also be used in its relative valuation, which is a method of valuing Lyra Therapeutics by comparing valuation metrics with similar companies.
Peers
Lyra Therapeutics Related Equities
CTMX | CytomX Therapeutics | 3.92 | ||||
CGEM | Cullinan Oncology | 2.75 | ||||
BOLT | Bolt Biotherapeutics | 1.59 | ||||
DAWN | Day One | 1.53 | ||||
AUTL | Autolus Therapeutics | 1.53 | ||||
ASMB | Assembly Biosciences | 1.25 | ||||
ACHL | Achilles Therapeutics | 0.93 | ||||
SPRO | Spero Therapeutics | 0.88 | ||||
NUVB | Nuvation Bio | 0.35 | ||||
NXTC | NextCure | 2.50 | ||||
TIL | Instil Bio | 9.39 |
Complementary Tools for Lyra Stock analysis
When running Lyra Therapeutics' price analysis, check to measure Lyra Therapeutics' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Lyra Therapeutics is operating at the current time. Most of Lyra Therapeutics' value examination focuses on studying past and present price action to predict the probability of Lyra Therapeutics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Lyra Therapeutics' price. Additionally, you may evaluate how the addition of Lyra Therapeutics to your portfolios can decrease your overall portfolio volatility.
Performance Analysis Check effects of mean-variance optimization against your current asset allocation | |
Portfolio Suggestion Get suggestions outside of your existing asset allocation including your own model portfolios | |
Portfolio Analyzer Portfolio analysis module that provides access to portfolio diagnostics and optimization engine | |
My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like |