The price of LEXX is predicted to go up 4.87%, based on the high correlation periods with HBB. The similarity of these two price pattern on the periods is 97.05%.

LEXX

HBB

Up: 4.87%Similarity: 97.05%

LEXX Revenue Forecast

LEXX EPS Forecast

LEXX FAQs

What is bull’s view on LEXX?

LEXX stock has a bullish outlook with a price target of $7, as maintained by HC Wainwright & Co. on January 24, 2025. This represents a significant upside of over 300% from its current price of $1.77, driven by strong buy ratings and the company's innovative DehydraTECH™ technology. However, recent securities offerings at $3.06 per share may dilute short-term gains but support long-term growth.

What is bear's view on LEXX?

LEXX stock faces bearish pressure due to its recent $5 million securities offering priced at $3.06 per share, which dilutes existing shareholders and signals potential cash flow concerns. The stock is currently trading significantly below analyst targets, with HC Wainwright recently lowering its price target from $10 to $7. This downward revision reflects reduced confidence in the company's near-term growth prospects despite its innovative DehydraTECH™ technology.