The stock of GlycoMimetics Inc. (GLYC) has seen a -11.76% decrease in the past week, with a 31.39% gain in the past month, and a 5.26% flourish in the past quarter. The volatility ratio for the week is 7.19%, and the volatility levels for the past 30 days are at 8.26% for GLYC. The simple moving average for the last 20 days is 6.71% for GLYC stock, with a simple moving average of 13.41% for the last 200 days.
Is It Worth Investing in GlycoMimetics Inc. (NASDAQ: GLYC) Right Now?
The 36-month beta value for GLYC is also noteworthy at 2.05. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The average price estimated by analysts for GLYC is $5.50, which is $3.7 above than the current price. The public float for GLYC is 51.08M, and at present, short sellers hold a 2.64% of that float. The average trading volume of GLYC on May 25, 2023 was 424.51K shares.
GLYC) stock’s latest price update
The stock price of GlycoMimetics Inc. (NASDAQ: GLYC) has plunged by -5.76 when compared to previous closing price of 1.91, but the company has seen a -11.76% decline in its stock price over the last five trading sessions.
GLYC Trading at 19.02% from the 50-Day Moving Average
After a stumble in the market that brought GLYC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -56.73% of loss for the given period.
Volatility was left at 8.26%, however, over the last 30 days, the volatility rate increased by 7.19%, as shares surge +31.39% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +16.13% upper at present.
During the last 5 trading sessions, GLYC fell by -11.76%, which changed the moving average for the period of 200-days by +104.55% in comparison to the 20-day moving average, which settled at $1.7083. In addition, GlycoMimetics Inc. saw -40.59% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at GLYC starting from Hahn Brian M., who sale 3,700 shares at the price of $1.95 back on May 17. After this action, Hahn Brian M. now owns 53,143 shares of GlycoMimetics Inc., valued at $7,215 using the latest closing price.
JUNIUS DANIEL M, the Director of GlycoMimetics Inc., purchase 30,000 shares at $1.56 during a trade that took place back on May 10, which means that JUNIUS DANIEL M is holding 93,250 shares at $46,800 based on the most recent closing price.
Stock Fundamentals for GLYC
Current profitability levels for the company are sitting at:
- -63204.43 for the present operating margin
- -1276.21 for the gross margin
The net margin for GlycoMimetics Inc. stands at -62251.74. Equity return is now at value -81.20, with -70.20 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 5.71.
Conclusion
In summary, GlycoMimetics Inc. (GLYC) has had a mixed performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
