The stock of Galecto Inc (GLTO) has gone up by 2.84% for the week, with a -5.26% drop in the past month and a 6.45% rise in the past quarter. The volatility ratio for the week is 7.55%, and the volatility levels for the past 30 days are 8.52% for GLTO. The simple moving average for the past 20 days is -1.79% for GLTO’s stock, with a -24.34% simple moving average for the past 200 days.
Is It Worth Investing in Galecto Inc (NASDAQ: GLTO) Right Now?
The stock has a 36-month beta value of 1.27. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for GLTO is 20.20M, and at present, short sellers hold a 0.16% of that float. On April 19, 2024, the average trading volume of GLTO was 227.14K shares.
GLTO) stock’s latest price update
Galecto Inc (NASDAQ: GLTO) has experienced a rise in its stock price by 6.76 compared to its previous closing price of 0.67. However, the company has seen a gain of 2.84% in its stock price over the last five trading days. Zacks Investment Research reported 2024-02-14 that Galecto, Inc. (GLTO) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company’s earnings prospects. This might drive the stock higher in the near term.
Analysts’ Opinion of GLTO
Many brokerage firms have already submitted their reports for GLTO stocks, with Credit Suisse repeating the rating for GLTO by listing it as a “Outperform.” The predicted price for GLTO in the upcoming period, according to Credit Suisse is $12 based on the research report published on April 26, 2021 of the previous year 2021.
SVB Leerink, on the other hand, stated in their research note that they expect to see GLTO reach a price target of $27. The rating they have provided for GLTO stocks is “Outperform” according to the report published on November 23rd, 2020.
Credit Suisse gave a rating of “Outperform” to GLTO, setting the target price at $29 in the report published on November 23rd of the previous year.
GLTO Trading at -1.40% from the 50-Day Moving Average
After a stumble in the market that brought GLTO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -80.54% of loss for the given period.
Volatility was left at 8.52%, however, over the last 30 days, the volatility rate increased by 7.55%, as shares sank -8.75% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +20.30% upper at present.
During the last 5 trading sessions, GLTO rose by +2.84%, which changed the moving average for the period of 200-days by -71.54% in comparison to the 20-day moving average, which settled at $0.7297. In addition, Galecto Inc saw 0.00% 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 GLTO starting from ORBIMED ADVISORS LLC, who sale 822,680 shares at the price of $0.75 back on Aug 15 ’23. After this action, ORBIMED ADVISORS LLC now owns 97,204 shares of Galecto Inc, valued at $617,010 using the latest closing price.
ORBIMED ADVISORS LLC, the 10% Owner of Galecto Inc, sale 209,400 shares at $3.00 during a trade that took place back on Jul 31 ’23, which means that ORBIMED ADVISORS LLC is holding 135,531 shares at $628,200 based on the most recent closing price.
Stock Fundamentals for GLTO
Current profitability levels for the company are sitting at:
- -32.6 for the present operating margin
- 0.31 for the gross margin
The net margin for Galecto Inc stands at -31.44. The total capital return value is set at -1.21. Equity return is now at value -81.52, with -68.84 for asset returns.
Based on Galecto Inc (GLTO), the company’s capital structure generated 0.01 points at debt to capital in total, while cash flow to debt ratio is standing at -148.24.
Currently, EBITDA for the company is -35.63 million with net debt to EBITDA at 0.64. When we switch over and look at the enterprise to sales, we see a ratio of -1.41. The receivables turnover for the company is 0.7for trailing twelve months and the total asset turnover is 0.03. The liquidity ratio also appears to be rather interesting for investors as it stands at 6.31.
Conclusion
To sum up, Galecto Inc (GLTO) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing 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.
