Fintel reports that on April 10, 2023,
Raymond James
maintained
coverage of LumiraDx (NASDAQ:LMDX) with
a Outperform recommendation.
Analyst Price Forecast Suggests 273.74% Upside
As of April 6, 2023,
the average one-year price target for LumiraDx is $2.13.
The forecasts range from a low of $0.86 to a high of $4.83.
The average price target represents an increase of 273.74% from its latest reported closing price of $0.57.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for LumiraDx
is $208MM, a decrease of 18.34%.
The projected annual non-GAAP EPS
is -$0.62.
What are Other Shareholders Doing?
Virtu Financial
holds 18K shares
representing 0.01% ownership of the company.
In it’s prior filing, the firm reported owning 30K shares, representing
a decrease
of 70.77%.
The firm
decreased
its portfolio allocation in LMDX by 25.43% over the last quarter.
Hyman Charles D
holds 30K shares
representing 0.01% ownership of the company.
No change in the last quarter.
Wetherby Asset Management
holds 83K shares
representing 0.03% ownership of the company.
No change in the last quarter.
Signaturefd
holds 55K shares
representing 0.02% ownership of the company.
No change in the last quarter.
Bank Of America
holds 0K shares
representing 0.00% ownership of the company.
In it’s prior filing, the firm reported owning 0K shares, representing
an increase
of 90.11%.
What is the Fund Sentiment?
There are 46 funds or institutions reporting positions in LumiraDx.
This is a decrease
of
2
owner(s) or 4.17% in the last quarter.
Average portfolio weight of all funds dedicated to LMDX is 0.27%,
a decrease
of 17.47%.
Total shares owned by institutions decreased
in the last three months by 7.97% to 32,797K shares.
See all LumiraDx regulatory filings.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
