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The closing price of Galecto Inc (NASDAQ: GLTO) was $0.54 for the day, down -13.57% from the previous closing price of $0.62. In other words, the price has decreased by -$13.57 from its previous closing price. On the day, 1.2 million shares were traded. GLTO stock price reached its highest trading level at $0.6196 during the session, while it also had its lowest trading level at $0.5087.
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 7.07 and its Current Ratio is at 7.07. 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:
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 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 14505295 and an Enterprise Value of -12510707.
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 -22.11%, while the 200-Day Moving Average is calculated to be -18.60%.
Shares Statistics:
GLTO traded an average of 163.81K shares per day over the past three months and 209270 shares per day over the past ten days. A total of 27.11M shares are outstanding, with a floating share count of 19.94M. Insiders hold about 26.47% of the company’s shares, while institutions hold 5.59% stake in the company. Shares short for GLTO as of 1715731200 were 47441 with a Short Ratio of 0.29, compared to 1713139200 on 17959. Therefore, it implies a Short% of Shares Outstanding of 47441 and a Short% of Float of 0.18000001.
