The pursuit of outperformance leads many investors to carefully choose individual stocks. Picking the right ones can be a game-changer for growing your wealth.
The closing price of Galecto Inc (NASDAQ: GLTO) was $6.70 for the day, up 9.84% from the previous closing price of $6.10. In other words, the price has increased by $9.84 from its previous closing price. On the day, 2.38 million shares were traded. GLTO stock price reached its highest trading level at $7.1 during the session, while it also had its lowest trading level at $6.18.
Ratios:
Our analysis of GLTO’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 14.07 and its Current Ratio is at 14.07. In the meantime, Its Debt-to-Equity ratio is 0.10 whereas as Long-Term Debt/Eq ratio is at 0.10.
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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Jan 03 ’25 when Winslow Garrett sold 471 shares for $5.60 per share. The transaction valued at 2,638 led to the insider holds 1,009 shares of the business.
Firmani Lori sold 261 shares of GLTO for $1,469 on Jan 03 ’25. The Interim CFO now owns 465 shares after completing the transaction at $5.63 per share. On Jan 03 ’25, another insider, Schambye Hans T., who serves as the Chief Executive Officer of the company, sold 1,341 shares for $5.60 each. As a result, the insider received 7,510 and left with 3,397 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 8823833 and an Enterprise Value of -3882194.
Stock Price History:
The Beta on a monthly basis for GLTO is 0.92, which has changed by -0.6450331 over the last 52 weeks, in comparison to a change of 0.10838497 over the same period for the S&P500. Over the past 52 weeks, GLTO has reached a high of $21.06, while it has fallen to a 52-week low of $3.76. The 50-Day Moving Average of the stock is 41.79%, while the 200-Day Moving Average is calculated to be -22.84%.
Shares Statistics:
GLTO traded an average of 195.69K shares per day over the past three months and 1319360 shares per day over the past ten days. A total of 1.32M shares are outstanding, with a floating share count of 1.14M. Insiders hold about 13.48% of the company’s shares, while institutions hold 3.19% stake in the company. Shares short for GLTO as of 1740700800 were 18343 with a Short Ratio of 0.09, compared to 1738281600 on 13032. Therefore, it implies a Short% of Shares Outstanding of 18343 and a Short% of Float of 1.4400001.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
