Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
The price of GlycoMimetics Inc (NASDAQ: GLYC) closed at $0.28 in the last session, down -4.85% from day before closing price of $0.29. In other words, the price has decreased by -$4.85 from its previous closing price. On the day, 0.95 million shares were traded.
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 1.92 and its Current Ratio is at 1.92. In the meantime, Its Debt-to-Equity ratio is 0.01 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:
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 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.
Stock Price History:
Over the past 52 weeks, GLYC has reached a high of $3.18, while it has fallen to a 52-week low of $0.14. The 50-Day Moving Average of the stock is 6.30%, while the 200-Day Moving Average is calculated to be 10.90%.
Shares Statistics:
A total of 64.48M shares are outstanding, with a floating share count of 56.06M. Insiders hold about 13.11% of the company’s shares, while institutions hold 42.40% stake in the company.
