Lumos Pharma (NASDAQ:LUMO) Announces Quarterly Earnings Results

Lumos Pharma (NASDAQ:LUMOGet Free Report) released its quarterly earnings data on Tuesday. The company reported ($1.29) EPS for the quarter, missing analysts’ consensus estimates of ($1.21) by ($0.08), Zacks reports. Lumos Pharma had a negative return on equity of 85.63% and a negative net margin of 1,659.39%. The business had revenue of $0.17 million for the quarter, compared to the consensus estimate of $0.51 million. During the same period in the previous year, the business posted ($0.89) earnings per share.

Lumos Pharma Stock Performance

Shares of NASDAQ LUMO traded down $0.31 during midday trading on Wednesday, reaching $2.24. 137,551 shares of the company traded hands, compared to its average volume of 26,970. Lumos Pharma has a 12 month low of $2.01 and a 12 month high of $4.55. The stock’s 50-day simple moving average is $2.81 and its 200-day simple moving average is $2.98. The firm has a market cap of $18.19 million, a PE ratio of -0.53 and a beta of 0.66.

Wall Street Analyst Weigh In

Separately, HC Wainwright reissued a “buy” rating and issued a $28.00 price target on shares of Lumos Pharma in a research report on Wednesday, March 20th.

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About Lumos Pharma

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Lumos Pharma, Inc, a clinical-stage biopharmaceutical company, focuses on the identification, acquisition, development, and commercialization of products and therapies for people with rare diseases. Its primary product candidate is LUM-201, an oral growth hormone secretagogue ibutamoren, which is in Phase III clinical trial for the treatment of idiopathic pediatric growth hormone deficiency and other rare endocrine disorders.

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Earnings History for Lumos Pharma (NASDAQ:LUMO)

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