Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
As of close of business last night, Galectin Therapeutics Inc’s stock clocked out at $2.12, down -8.23% from its previous closing price of $2.31. In other words, the price has decreased by -$8.23 from its previous closing price. On the day, 0.92 million shares were traded. GALT stock price reached its highest trading level at $2.32 during the session, while it also had its lowest trading level at $1.99.
Ratios:
To gain a deeper understanding of GALT’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.13 and its Current Ratio is at 1.13.
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, H.C. Wainwright on August 13, 2020, Reiterated its Buy rating but revised its target price to $12 from $9 previously.
On February 13, 2019, B. Riley FBR started tracking the stock assigning a Buy rating and target price of $11.
H.C. Wainwright reiterated its Buy rating for the stock on December 07, 2017, while the target price for the stock was revised from $6 to $10.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Oct 23 ’24 when ELDRED KARY bought 500 shares for $2.60 per share. The transaction valued at 1,300 led to the insider holds 50,213 shares of the business.
FREEMAN KEVIN D bought 1,300 shares of GALT for $3,432 on Oct 17 ’24. The Director now owns 34,769 shares after completing the transaction at $2.64 per share. On Oct 16 ’24, another insider, FREEMAN KEVIN D, who serves as the Director of the company, bought 5,000 shares for $2.70 each. As a result, the insider paid 13,500 and bolstered with 80,000 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, GALT now has a Market Capitalization of 133055008 and an Enterprise Value of 241354848.
Stock Price History:
Over the past 52 weeks, GALT has reached a high of $4.27, while it has fallen to a 52-week low of $1.55. The 50-Day Moving Average of the stock is -17.50%, while the 200-Day Moving Average is calculated to be -19.96%.
Shares Statistics:
It appears that GALT traded 260.11K shares on average per day over the past three months and 846590 shares per day over the past ten days. A total of 62.31M shares are outstanding, with a floating share count of 43.43M. Insiders hold about 30.30% of the company’s shares, while institutions hold 15.67% stake in the company. Shares short for GALT as of 1730332800 were 5517314 with a Short Ratio of 22.52, compared to 1727654400 on 5376378. Therefore, it implies a Short% of Shares Outstanding of 5517314 and a Short% of Float of 18.41.
