The stock of Galmed Pharmaceuticals Ltd (GLMD) has seen a 16.23% increase in the past week, with a 15.00% gain in the past month, and a -7.87% decrease in the past quarter. The volatility ratio for the week is 14.51%, and the volatility levels for the past 30 days are at 15.37% for GLMD. The simple moving average for the past 20 days is 13.41% for GLMD’s stock, with a -5.96% simple moving average for the past 200 days.
Is It Worth Investing in Galmed Pharmaceuticals Ltd (NASDAQ: GLMD) Right Now?
Additionally, the 36-month beta value for GLMD is 0.65. There are mixed opinions on the stock, with 5 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for GLMD is 0.62M and currently, short sellers hold a 1.94% ratio of that float. The average trading volume of GLMD on September 13, 2024 was 49.39K shares.
GLMD) stock’s latest price update
Galmed Pharmaceuticals Ltd (NASDAQ: GLMD) has experienced a rise in its stock price by 11.80 compared to its previous closing price of 3.56. However, the company has seen a gain of 16.23% in its stock price over the last five trading days. investorplace.com reported 2024-04-10 that Now could be a great time for investors to consider stacking up on penny stocks. These companies often have significant growth potential.
Analysts’ Opinion of GLMD
Many brokerage firms have already submitted their reports for GLMD stocks, with B. Riley FBR repeating the rating for GLMD by listing it as a “Neutral.” The predicted price for GLMD in the upcoming period, according to B. Riley FBR is $8 based on the research report published on May 22, 2020 of the previous year 2020.
Craig Hallum, on the other hand, stated in their research note that they expect to see GLMD reach a price target of $18. The rating they have provided for GLMD stocks is “Buy” according to the report published on February 04th, 2020.
Cantor Fitzgerald gave a rating of “Overweight” to GLMD, setting the target price at $14 in the report published on January 30th of the previous year.
GLMD Trading at 11.45% from the 50-Day Moving Average
After a stumble in the market that brought GLMD to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -62.09% of loss for the given period.
Volatility was left at 15.37%, however, over the last 30 days, the volatility rate increased by 14.51%, as shares surge +14.96% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +16.25% upper at present.
During the last 5 trading sessions, GLMD rose by +16.23%, which changed the moving average for the period of 200-days by +4.66% in comparison to the 20-day moving average, which settled at $3.54. In addition, Galmed Pharmaceuticals Ltd saw -27.11% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for GLMD
The total capital return value is set at -0.53. Equity return is now at value -52.67, with -44.20 for asset returns.
Currently, EBITDA for the company is -7.46 million with net debt to EBITDA at 0.32. The liquidity ratio also appears to be rather interesting for investors as it stands at 6.48.
Conclusion
In conclusion, Galmed Pharmaceuticals Ltd (GLMD) has seen mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it 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.
