Deeper Dive: Understanding GlycoMimetics Inc (GLYC) Through its Various Ratios

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The price of GlycoMimetics Inc (NASDAQ: GLYC) closed at $0.26 in the last session, up 2.92% from day before closing price of $0.25. In other words, the price has increased by $2.92 from its previous closing price. On the day, 1.02 million shares were traded. GLYC stock price reached its highest trading level at $0.2737 during the session, while it also had its lowest trading level at $0.253.

Ratios:

We take a closer look at GLYC’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 6.28 and its Current Ratio is at 6.28. In the meantime, Its Debt-to-Equity ratio is 0.02 whereas as Long-Term Debt/Eq ratio is at 0.00.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, CapitalOne on December 22, 2023, initiated with a Overweight rating and assigned the stock a target price of $12.

On November 12, 2021, Jefferies Upgraded its rating to Buy which previously was Hold and also upped its target price recommendation from $3 to $4.

On November 14, 2019, ROTH Capital started tracking the stock assigning a Buy rating and target price of $12.ROTH Capital initiated its Buy rating on November 14, 2019, with a $12 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 Jun 18 ’24 when Hahn Brian M. bought 17,500 shares for $0.25 per share. The transaction valued at 4,335 led to the insider holds 70,643 shares of the business.

Rock Edwin bought 30,403 shares of GLYC for $41,956 on Sep 22 ’23. The Chief Medical Officer now owns 375,403 shares after completing the transaction at $1.38 per share. On Sep 21 ’23, another insider, Rock Edwin, who serves as the Chief Medical Officer of the company, bought 35,000 shares for $1.38 each. As a result, the insider paid 48,300 and bolstered with 345,000 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 16586689 and an Enterprise Value of -14063940. For the stock, the TTM Price-to-Sale (P/S) ratio is 1658.56 while its Price-to-Book (P/B) ratio in mrq is 0.57. Its current Enterprise Value per Revenue stands at -1406.394 whereas that against EBITDA is 0.358.

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 $0.23. The 50-Day Moving Average of the stock is -70.91%, while the 200-Day Moving Average is calculated to be -86.14%.

Shares Statistics:

According to the various share statistics, GLYC traded on average about 1.76M shares per day over the past 3-months and 706990 shares per day over the past 10 days. A total of 64.39M shares are outstanding, with a floating share count of 60.58M. Insiders hold about 6.03% of the company’s shares, while institutions hold 51.51% stake in the company. Shares short for GLYC as of 1715731200 were 2336815 with a Short Ratio of 1.19, compared to 1713139200 on 3012763. Therefore, it implies a Short% of Shares Outstanding of 2336815 and a Short% of Float of 5.2299999999999995.

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