Timing, Fundamentals, and Diversification of Galera Therapeutics Inc. (GRTX)

The closing price of Galera Therapeutics Inc. (NASDAQ: GRTX) was $2.23 for the day, up 6.19% from the previous closing price of $2.10. In other words, the price has increased by $+0.1300 from its previous closing price. On the day, 1121248 shares were traded. GRTX stock price reached its highest trading level at $2.3100 during the session, while it also had its lowest trading level at $2.0101.

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Our analysis of GRTX’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 2.90 and its Current Ratio is at 2.90.

Upgrades & Downgrades

On October 19, 2021, BofA Securities Downgraded its rating to Underperform which previously was Buy and also lowered its target price recommendation from $17 to $2.

Insider Transactions:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Mar 13 when Degnan Chris bought 10,000 shares for $1.96 per share. The transaction valued at 19,593 led to the insider holds 10,000 shares of the business.

Sorensen Mel bought 100,000 shares of GRTX for $168,120 on Mar 10. The President and CEO now owns 332,044 shares after completing the transaction at $1.68 per share.

Stock Price History:

Over the past 52 weeks, GRTX has reached a high of $2.75, while it has fallen to a 52-week low of $1.12. The 50-Day Moving Average of the stock is 2.0027, while the 200-Day Moving Average is calculated to be 1.6345.

Shares Statistics:

GRTX traded an average of 505.01K shares per day over the past three months and 956.16k shares per day over the past ten days. A total of 27.95M shares are outstanding, with a floating share count of 25.34M. Insiders hold about 0.40% of the company’s shares, while institutions hold 40.10% stake in the company. Shares short for GRTX as of Jan 30, 2023 were 667.81k with a Short Ratio of 0.67M, compared to 771.09k on Dec 29, 2022. Therefore, it implies a Short% of Shares Outstanding of 2.34% and a Short% of Float of 2.67%.

Earnings Estimates

The firm’s stock currently is rated by 4 analysts. On average, analysts expect EPS of -$0.52 for the current quarter, with a high estimate of -$0.42 and a low estimate of -$0.61, while EPS last year was -$0.64. The consensus estimate for the next quarter is -$0.41, with high estimates of -$0.32 and low estimates of -$0.5.

Analysts are recommending an EPS of between -$2.11 and -$2.3 for the fiscal current year, implying an average EPS of -$2.21. EPS for the following year is -$1.29, with 3 analysts recommending between -$0.66 and -$1.86.