Those determined to outshine the market strategically focus on the selection of individual stocks. Well-chosen stocks have the potential to substantially boost your wealth.
The price of Galecto Inc (NASDAQ: GLTO) closed at $2.88 in the last session, down -1.20% from day before closing price of $2.91. In other words, the price has decreased by -$1.20 from its previous closing price. On the day, 1.11 million shares were traded.
Ratios:
We take a closer look at GLTO’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 8.64 and its Current Ratio is at 8.64. In the meantime, Its Debt-to-Equity ratio is 0.12 whereas as Long-Term Debt/Eq ratio is at 0.11.
On November 23, 2020, SVB Leerink started tracking the stock assigning a Outperform rating and target price of $27.
On November 23, 2020, Credit Suisse started tracking the stock assigning a Outperform rating and target price of $29.Credit Suisse initiated its Outperform rating on November 23, 2020, with a $29 target price.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Jan 03 ’25 when Winslow Garrett sold 471 shares for $5.60 per share. The transaction valued at 2,638 led to the insider holds 1,009 shares of the business.
Firmani Lori sold 261 shares of GLTO for $1,469 on Jan 03 ’25. The Interim CFO now owns 465 shares after completing the transaction at $5.63 per share. On Jan 03 ’25, another insider, Schambye Hans T., who serves as the Chief Executive Officer of the company, sold 1,341 shares for $5.60 each. As a result, the insider received 7,510 and left with 3,397 shares of the company.
Stock Price History:
Over the past 52 weeks, GLTO has reached a high of $16.12, while it has fallen to a 52-week low of $2.01. The 50-Day Moving Average of the stock is -10.97%, while the 200-Day Moving Average is calculated to be -57.16%.
Shares Statistics:
A total of 1.32M shares are outstanding, with a floating share count of 1.14M. Insiders hold about 13.48% of the company’s shares, while institutions hold 3.24% stake in the company.
