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The closing price of GlycoMimetics Inc (NASDAQ: GLYC) was $0.41 for the day, down -1.83% from the previous closing price of $0.42. In other words, the price has decreased by -$1.83 from its previous closing price. On the day, 1.86 million shares were traded. GLYC stock price reached its highest trading level at $0.4176 during the session, while it also had its lowest trading level at $0.38.
Ratios:
Our analysis of GLYC’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 5.48 and its Current Ratio is at 5.48. In the meantime, Its Debt-to-Equity ratio is 0.02 whereas as Long-Term Debt/Eq ratio is at 0.00.
On December 22, 2023, CapitalOne started tracking the stock assigning a Overweight rating and target price of $12.
Jefferies Upgraded its Hold to Buy on November 12, 2021, whereas the target price for the stock was revised from $3 to $4.
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 Aug 08 ’24 when Invus Public Equities, L.P. sold 260,873 shares for $0.19 per share. The transaction valued at 50,009 led to the insider holds 6,317,565 shares of the business.
Invus Public Equities, L.P. sold 61,488 shares of GLYC for $11,197 on Aug 07 ’24. The 10% Owner now owns 6,578,438 shares after completing the transaction at $0.18 per share. On Aug 05 ’24, another insider, Invus Public Equities, L.P., who serves as the 10% Owner of the company, sold 164,523 shares for $0.19 each. As a result, the insider received 30,996 and left with 6,695,658 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, GLYC now has a Market Capitalization of 26593202 and an Enterprise Value of 4655907. For the stock, the TTM Price-to-Sale (P/S) ratio is 2610.26 while its Price-to-Book (P/B) ratio in mrq is 1.33. Its current Enterprise Value per Revenue stands at 465.591 whereas that against EBITDA is -0.114.
Stock Price History:
Over the past 52 weeks, GLYC has reached a high of $3.53, while it has fallen to a 52-week low of $0.14. The 50-Day Moving Average of the stock is 98.42%, while the 200-Day Moving Average is calculated to be -61.95%.
Shares Statistics:
GLYC traded an average of 19.25M shares per day over the past three months and 119997950 shares per day over the past ten days. A total of 64.39M shares are outstanding, with a floating share count of 59.03M. Insiders hold about 8.45% of the company’s shares, while institutions hold 44.48% stake in the company. Shares short for GLYC as of 1728950400 were 1827151 with a Short Ratio of 0.09, compared to 1726185600 on 1821987. Therefore, it implies a Short% of Shares Outstanding of 1827151 and a Short% of Float of 4.0799997999999995.
