Company’s 36-month beta value is 0.35.Analysts have differing opinions on the stock, with 3 analysts rating it as a “buy,” 2 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for GANX is 24.23M, and currently, short sellers hold a 2.29% ratio of that floaft. The average trading volume of GANX on September 24, 2024 was 349.76K shares.
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GANX) stock’s latest price update
Gain Therapeutics Inc (NASDAQ: GANX)’s stock price has soared by 8.39 in relation to previous closing price of 1.43. Nevertheless, the company has seen a gain of 4.73% in its stock price over the last five trading days. globenewswire.com reported 2024-09-19 that BETHESDA, Md., Sept. 19, 2024 (GLOBE NEWSWIRE) — Gain Therapeutics, Inc. (Nasdaq: GANX) (“Gain”, or the “Company”), a clinical-stage biotechnology company leading the discovery and development of the next generation of allosteric small molecule therapies, today announced presentations, including two late-breakers, at Neuroscience 2024 featuring preclinical data supporting development of GT-02287, the Company’s clinical stage lead drug candidate, in Parkinson’s disease with or without a GBA1 mutation. Neuroscience 2024, the Society for Neuroscience’s premier event, will be held at McCormick Place Convention Center in Chicago, IL from October 5-9, 2024.
GANX’s Market Performance
Gain Therapeutics Inc (GANX) has experienced a 4.73% rise in stock performance for the past week, with a 18.32% rise in the past month, and a 20.16% rise in the past quarter. The volatility ratio for the week is 10.59%, and the volatility levels for the past 30 days are at 12.81% for GANX. The simple moving average for the past 20 days is 19.69% for GANX’s stock, with a -41.89% simple moving average for the past 200 days.
Analysts’ Opinion of GANX
Many brokerage firms have already submitted their reports for GANX stocks, with Oppenheimer repeating the rating for GANX by listing it as a “Outperform.” The predicted price for GANX in the upcoming period, according to Oppenheimer is $8 based on the research report published on August 14, 2024 of the current year 2024.
Oppenheimer, on the other hand, stated in their research note that they expect to see GANX reach a price target of $30. The rating they have provided for GANX stocks is “Outperform” according to the report published on April 12th, 2021.
BTIG Research gave a rating of “Buy” to GANX, setting the target price at $30 in the report published on April 12th of the previous year.
GANX Trading at 28.49% from the 50-Day Moving Average
After a stumble in the market that brought GANX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -70.92% of loss for the given period.
Volatility was left at 12.81%, however, over the last 30 days, the volatility rate increased by 10.59%, as shares surge +20.16% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +12.32% upper at present.
During the last 5 trading sessions, GANX rose by +4.73%, which changed the moving average for the period of 200-days by -35.42% in comparison to the 20-day moving average, which settled at $1.3080. In addition, Gain Therapeutics Inc saw -52.53% 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 GANX starting from Mack Gene, who purchase 14,400 shares at the price of $1.01 back on Aug 09 ’24. After this action, Mack Gene now owns 14,400 shares of Gain Therapeutics Inc, valued at $14,544 using the latest closing price.
Islam Khalid, the Executive Chairman of Gain Therapeutics Inc, purchase 50,000 shares at $1.00 during a trade that took place back on Aug 09 ’24, which means that Islam Khalid is holding 50,000 shares at $49,940 based on the most recent closing price.
Stock Fundamentals for GANX
Current profitability levels for the company are sitting at:
- -337.23 for the present operating margin
- -0.32 for the gross margin
The net margin for Gain Therapeutics Inc stands at -333.33. The total capital return value is set at -1.72. Equity return is now at value -188.83, with -115.33 for asset returns.
Based on Gain Therapeutics Inc (GANX), the company’s capital structure generated 0.05 points at debt to capital in total, while cash flow to debt ratio is standing at -28.18. The debt to equity ratio resting at 0.06. The interest coverage ratio of the stock is 143.74.
Currently, EBITDA for the company is -22.17 million with net debt to EBITDA at 0.74. When we switch over and look at the enterprise to sales, we see a ratio of 361.9. The receivables turnover for the company is 0.21for trailing twelve months and the total asset turnover is 0.0. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.84.
Conclusion
In a nutshell, Gain Therapeutics Inc (GANX) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
