In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
In the latest session, Galera Therapeutics Inc (NASDAQ: GRTX) closed at $0.18 down -5.82% from its previous closing price of $0.19. In other words, the price has decreased by -$5.82 from its previous closing price. On the day, 0.82 million shares were traded. GRTX stock price reached its highest trading level at $0.1901 during the session, while it also had its lowest trading level at $0.162.
Ratios:
For a deeper understanding of Galera Therapeutics Inc’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 4.36 and its Current Ratio is at 4.36.
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, Piper Sandler on August 10, 2023, Downgraded its rating to Neutral and sets its target price to $0.50 from $6 previously.
BofA Securities Downgraded its Buy to Underperform on October 19, 2021, whereas the target price for the stock was revised from $17 to $2.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Feb 08 ’24 when Schneid Yair bought 150,000 shares for $0.17 per share. The transaction valued at 25,650 led to the insider holds 8,043,203 shares of the business.
Schneid Yair bought 175,000 shares of GRTX for $30,185 on Feb 07 ’24. The 10% Owner now owns 7,893,203 shares after completing the transaction at $0.17 per share. On Feb 06 ’24, another insider, Schneid Yair, who serves as the 10% Owner of the company, bought 25,000 shares for $0.20 each. As a result, the insider paid 5,025 and bolstered with 7,718,203 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, GRTX now has a Market Capitalization of 10388906 and an Enterprise Value of 143979456.
Stock Price History:
Over the past 52 weeks, GRTX has reached a high of $3.59, while it has fallen to a 52-week low of $0.09. The 50-Day Moving Average of the stock is -7.46%, while the 200-Day Moving Average is calculated to be -59.91%.
Shares Statistics:
For the past three months, GRTX has traded an average of 2.00M shares per day and 3009190 over the past ten days. A total of 54.39M shares are outstanding, with a floating share count of 40.78M. Insiders hold about 25.03% of the company’s shares, while institutions hold 15.24% stake in the company. Shares short for GRTX as of 1711584000 were 1772212 with a Short Ratio of 0.89, compared to 1709164800 on 5089411. Therefore, it implies a Short% of Shares Outstanding of 1772212 and a Short% of Float of 4.4099998000000005.
