As of close of business last night, Galecto Inc’s stock clocked out at $0.78, up 3.38% from its previous closing price of $0.75. In other words, the price has increased by $+0.0377 from its previous closing price. On the day, 757673 shares were traded.
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
Ratios:
To gain a deeper understanding of GLTO’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 6.31 and its Current Ratio is at 6.31. In the meantime, Its Debt-to-Equity ratio is 0.01 whereas as Long-Term Debt/Eq ratio is at 0.00.
On November 23, 2020, SVB Leerink started tracking the stock assigning a Outperform rating and target price of $27.
On November 23, 2020, Credit Suisse started tracking the stock assigning a Outperform rating and target price of $29.Credit Suisse initiated its Outperform rating on November 23, 2020, with a $29 target price.
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 Aug 15 ’23 when ORBIMED ADVISORS LLC sold 822,680 shares for $0.75 per share. The transaction valued at 617,010 led to the insider holds 97,204 shares of the business.
ORBIMED ADVISORS LLC sold 209,400 shares of GLTO for $628,200 on Jul 31 ’23. The 10% Owner now owns 135,531 shares after completing the transaction at $3.00 per share. On Jul 25 ’23, another insider, ORBIMED ADVISORS LLC, who serves as the 10% Owner of the company, sold 39,200 shares for $2.92 each. As a result, the insider received 114,464 and left with 162,153 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, GLTO now has a Market Capitalization of 21.15M and an Enterprise Value of -11.75M.
Stock Price History:
Over the past 52 weeks, GLTO has reached a high of $3.70, while it has fallen to a 52-week low of $0.50. The 50-Day Moving Average of the stock is 0.7104, while the 200-Day Moving Average is calculated to be 1.0727.
Shares Statistics:
It appears that GLTO traded 273.45K shares on average per day over the past three months and 168.72k shares per day over the past ten days. A total of 27.11M shares are outstanding, with a floating share count of 20.20M. Insiders hold about 25.51% of the company’s shares, while institutions hold 5.20% stake in the company. Shares short for GLTO as of Feb 29, 2024 were 54.56k with a Short Ratio of 0.07, compared to 65.73k on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 0.20% and a Short% of Float of 0.27%.
Earnings Estimates
As of right now, 2 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of -$0.29 for the current quarter, with a high estimate of -$0.17 and a low estimate of -$0.41, while EPS last year was -$0.51. The consensus estimate for the next quarter is -$0.25, with high estimates of -$0.11 and low estimates of -$0.39.
Analysts are recommending an EPS of between -$0.44 and -$2.04 for the fiscal current year, implying an average EPS of -$1.2. EPS for the following year is -$1.81, with 2 analysts recommending between -$0.87 and -$2.76.
