Financial Analysis: Galmed Pharmaceuticals Ltd (GLMD)’s Ratios Unveil Key Insights

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As of close of business last night, Galmed Pharmaceuticals Ltd’s stock clocked out at $3.38, up 6.89% from its previous closing price of $3.16. In other words, the price has increased by $6.89 from its previous closing price. On the day, 0.41 million shares were traded. GLMD stock price reached its highest trading level at $3.7227 during the session, while it also had its lowest trading level at $2.86.

Ratios:

To gain a deeper understanding of GLMD’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 6.50 and its Current Ratio is at 6.50. In the meantime, Its Debt-to-Equity ratio is 0.00 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 the company, B. Riley FBR on May 22, 2020, Downgraded its rating to Neutral and sets its target price to $8 from $11 previously.

On February 04, 2020, Craig Hallum started tracking the stock assigning a Buy rating and target price of $18.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, GLMD now has a Market Capitalization of 2175685 and an Enterprise Value of -8031955.

Stock Price History:

Over the past 52 weeks, GLMD has reached a high of $10.80, while it has fallen to a 52-week low of $2.92. The 50-Day Moving Average of the stock is -6.61%, while the 200-Day Moving Average is calculated to be -21.11%.

Shares Statistics:

It appears that GLMD traded 32.47K shares on average per day over the past three months and 227078 shares per day over the past ten days. A total of 0.53M shares are outstanding, with a floating share count of 0.51M. Insiders hold about 3.66% of the company’s shares, while institutions hold 11.50% stake in the company. Shares short for GLMD as of 1723680000 were 1004 with a Short Ratio of 0.03, compared to 1721001600 on 752. Therefore, it implies a Short% of Shares Outstanding of 1004 and a Short% of Float of 0.2.

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