Following these proceedings, Truist initiated its Larimar Therapeutics Inc [LRMR] rating to a Buy in a research note published on January 29, 2025; the price target was $18. A number of analysts have revised their coverage, including Oppenheimer’s analysts, who began to cover the stock in mid October with a ‘”an Outperform”‘ rating. Wedbush began covering LRMR with “an Outperform” recommendation on October 03, 2024. H.C. Wainwright started covering the stock on October 02, 2024. It rated LRMR as “a Buy”.
Price Performance Review of LRMR
On Monday, Larimar Therapeutics Inc [NASDAQ:LRMR] saw its stock jump 5.24% to $2.01. Over the last five days, the stock has gained 11.05%. Larimar Therapeutics Inc shares have fallen nearly -48.06% since the year began. Nevertheless, the stocks have fallen -71.49% over the past one year. While a 52-week high of $11.20 was reached on 01/03/25, a 52-week low of $1.61 was recorded on 04/09/25. SMA at 50 days reached $2.5800, while 200 days put it at $5.6900.
Levels Of Support And Resistance For LRMR Stock
The 24-hour chart illustrates a support level at 1.9000, which if violated will result in even more drops to 1.7800. On the upside, there is a resistance level at 2.0900. A further resistance level may holdings at 2.1700. The Relative Strength Index (RSI) on the 14-day chart is 43.69, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.0100, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 32.20%. Stochastics %K at 53.37% indicates the stock is a holding.
How much short interest is there in Larimar Therapeutics Inc?
A steep rise in short interest was recorded in Larimar Therapeutics Inc stocks on 2025-03-31, dropping by -0.27 million shares to a total of 4.82 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-28 was 5.09 million shares. There was a decline of -5.66%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on September 04, 2024 when Robert W. Baird began covering the stock and recommended ‘”an Outperform”‘ rating along with a $16 price target.
