In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The closing price of GlycoMimetics Inc (NASDAQ: GLYC) was $0.15 for the day, up 4.02% from the previous closing price of $0.14. In other words, the price has increased by $4.02 from its previous closing price. On the day, 1.54 million shares were traded. GLYC stock price reached its highest trading level at $0.1659 during the session, while it also had its lowest trading level at $0.141.
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 9679048 and an Enterprise Value of -12258235. For the stock, the TTM Price-to-Sale (P/S) ratio is 967.84 while its Price-to-Book (P/B) ratio in mrq is 0.48. Its current Enterprise Value per Revenue stands at -1225.823 whereas that against EBITDA is 0.301.
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 -11.48%, while the 200-Day Moving Average is calculated to be -88.87%.
Shares Statistics:
GLYC traded an average of 1.06M shares per day over the past three months and 559470 shares per day over the past ten days. A total of 64.39M shares are outstanding, with a floating share count of 59.08M. Insiders hold about 8.38% of the company’s shares, while institutions hold 35.62% stake in the company. Shares short for GLYC as of 1727654400 were 1637061 with a Short Ratio of 1.54, compared to 1724976000 on 1932208. Therefore, it implies a Short% of Shares Outstanding of 1637061 and a Short% of Float of 3.66.
