Lantern Pharma Inc.

Lantern Pharma Inc.verified

LTRN

Price:

$3.02

Market Cap:

$32.57M

Lantern Pharma Inc., a clinical stage biotechnology company, focuses on artificial intelligence, machine learning, and genomic data to streamline the drug development process. Its advanced drug candidate is LP-100, which is in phase II clinical trials to treat metastatic, castration-resistant, and prostate cancer. The company also develops LP-300 as a combination therapy for non or never-smokers with non-small cell lung cancer adenocarcinoma. In addition, its preclinical development drug candidate is LP-184, an alkylating agent that damages DNA in cancer cells that overexpress certain biomarkers or that harbor mutations in DNA repair pathways. Further, the company operates ADC program, an an...[Read more]

Industry

Biotechnology

IPO Date

2020-06-11

Stock Exchange

NASDAQ

Ticker

LTRN

The Current Ratio as of December 2024 (TTM) for Lantern Pharma Inc. (LTRN) is 8.31

According to Lantern Pharma Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 8.31. This represents a change of -21.14% compared to the average of 10.54 of the last 4 quarters.

Lantern Pharma Inc. (LTRN) Historical Current Ratio (quarterly & annually)

How has LTRN Current Ratio performed in the past?

The mean historical Current Ratio of Lantern Pharma Inc. over the last ten years is 18.04. The current 8.31 Current Ratio has changed 4.50% with respect to the historical average. Over the past ten years (40 quarters), LTRN's Current Ratio was at its highest in in the March 2021 quarter at 124.12. The Current Ratio was at its lowest in in the March 2019 quarter at 0.

Quarterly (TTM)
Annual

Average

18.04

Median

18.58

Minimum

0.68

Maximum

36.64

Lantern Pharma Inc. (LTRN) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Lantern Pharma Inc. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 1.35%

Maximum Annual Current Ratio = 36.64

Minimum Annual Increase = -32.87%

Minimum Annual Current Ratio = 0.68

Quarterly (TTM)
Annual
YearCurrent RatioChange
202316.18-22.88%
202220.99-32.87%
202131.26-14.68%
202036.641.35%
20192.52268.82%

Lantern Pharma Inc. (LTRN) Average Current Ratio

How has LTRN Current Ratio performed in the past?

The current Current Ratio of Lantern Pharma Inc. (LTRN) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

22.81

5-year avg

21.52

10-year avg

18.04

Lantern Pharma Inc. (LTRN) Current Ratio vs. Peers

How is LTRN’s Current Ratio compared to its peers?

Lantern Pharma Inc.’s Current Ratio is greater than TFF Pharmaceuticals, Inc. (0.89), greater than Generation Bio Co. (6.34), greater than Lyra Therapeutics, Inc. (3.64), greater than Immunome, Inc. (6.17), greater than Cue Biopharma, Inc. (2.22),

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