In the past week, GLTO stock has gone down by -10.95%, with a monthly decline of -5.53% and a quarterly plunge of -12.40%. The volatility ratio for the week is 7.24%, and the volatility levels for the last 30 days are 7.35% for Galecto Inc The simple moving average for the past 20 days is -1.70% for GLTO’s stock, with a -16.55% simple moving average for the past 200 days.
Is It Worth Investing in Galecto Inc (NASDAQ: GLTO) Right Now?
GLTO has 36-month beta value of 1.18. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 1 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for GLTO is 19.95M, and currently, short sellers hold a 0.04% ratio of that float. The average trading volume of GLTO on August 28, 2024 was 158.77K shares.
GLTO) stock’s latest price update
Galecto Inc (NASDAQ: GLTO)’s stock price has decreased by -4.80 compared to its previous closing price of 0.56. However, the company has seen a -10.95% decrease in its stock price over the last five trading sessions. globenewswire.com reported 2024-08-28 that BOSTON, Aug. 28, 2024 (GLOBE NEWSWIRE) — Galecto, Inc. (NASDAQ: GLTO), a clinical-stage biotechnology company focused on the development of novel treatments for cancer and fibrosis, today announced that it will implement a 1-for-25 Reverse Stock Split of its common stock (the “Reverse Stock Split”), effective at 5:00 p.m. Eastern Time on Thursday, August 29, 2024. The Reverse Stock Split, which was approved by shareholders at the company’s Annual Meeting of Stockholders on June 20, 2024, is primarily intended to bring the company into compliance with the minimum bid price requirement for maintaining its listing on The Nasdaq Capital Market. Beginning with the opening of trading on Friday, August 30, 2024, the company’s common stock will trade on the Nasdaq Capital Market on a split-adjusted basis under the existing symbol “GLTO” and a new CUSIP number 36322Q 206.
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 -0.02% 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 -43.62% of loss for the given period.
Volatility was left at 7.35%, however, over the last 30 days, the volatility rate increased by 7.24%, as shares sank -2.04% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.41% upper at present.
During the last 5 trading sessions, GLTO fell by -7.17%, which changed the moving average for the period of 200-days by -7.45% in comparison to the 20-day moving average, which settled at $0.5386. In addition, Galecto Inc saw -26.39% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for GLTO
Current profitability levels for the company are sitting at:
- -20.7 for the present operating margin
- 0.36 for the gross margin
The net margin for Galecto Inc stands at -21.15. The total capital return value is set at -1.05. Equity return is now at value -75.57, with -59.06 for asset returns.
Based on Galecto Inc (GLTO), the company’s capital structure generated 0.0 points at debt to capital in total, while cash flow to debt ratio is standing at -389.14. The debt to equity ratio resting at 0.0. The interest coverage ratio of the stock is -49.97.
Currently, EBITDA for the company is -35.63 million with net debt to EBITDA at 1.22. When we switch over and look at the enterprise to sales, we see a ratio of -7.0. The receivables turnover for the company is 0.7for trailing twelve months and the total asset turnover is 0.04. The liquidity ratio also appears to be rather interesting for investors as it stands at 6.79.
Conclusion
To put it simply, Galecto Inc (GLTO) has had a bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating 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.
