LXRX Stock Summary and Trading Ideas (Lexicon Pharmaceuticals | NASDAQ:LXRX)

Lexicon Pharmaceuticals Inc is a biopharmaceutical company. It is engaged in the discovery, development, and commercialization of pharmaceutical products for the treatment of human diseases. Some of its drug candidates are LX9211, an orally-delivered small molecule drug candidate, as a treatment for neuropathic pain; and sotagliflozin, an orally-delivered small molecule drug candidate, as a treatment for heart failure and type 1 diabetes.

Lexicon Pharmaceuticals trades on the NASDAQ stock market under the symbol LXRX.

As of May 17, 2024, LXRX stock price declined to $1.77 with 1,809,200 million shares trading.

LXRX has a beta of 1.97, meaning it tends to be more sensitive to market movements. LXRX has a correlation of 0.06 to the broad based SPY ETF.

LXRX has a market cap of $639.84 million. This is considered a Small Cap stock.

In the last 3 years, LXRX stock traded as high as $6.33 and as low as $.92.

The top ETF exchange traded funds that LXRX belongs to (by Net Assets): VTI, IWM, VXF, SCHA, IWN.

LXRX has underperformed the market in the last year with a price return of -39.6% while the SPY ETF gained +29.1%. LXRX has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -44.3% and +1.7%, respectively, while the SPY returned +6.3% and +3.6%, respectively.

LXRX support price is $1.74 and resistance is $1.94 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that LXRX stock will trade within this expected range on the day.