Galecto Inc [GLTO] stock is trading at $6.10, up 47.34%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The GLTO shares have gain 50.62% over the last week, with a monthly amount glided 26.03%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Previously, SVB Leerink started tracking the stock with Outperform rating on November 23, 2020, and set its price target to $27. On November 23, 2020, Credit Suisse initiated with a Outperform rating and assigned a price target of $29 on the stock. BofA Securities started tracking the stock assigning a Buy rating and suggested a price target of $21 on November 23, 2020.
Galecto Inc [GLTO] stock has fluctuated between $3.76 and $21.06 over the past year. Currently, Wall Street analysts expect the stock to reach $10 within the next 12 months. Galecto Inc [NASDAQ: GLTO] shares were valued at $6.10 at the most recent close of the market. An investor can expect a potential return of 63.93% based on the average GLTO price forecast.
Analyzing the GLTO fundamentals
To continue investigating profitability, this company’s Return on Assets is posted at -1.25, Equity is -0.97 and Total Capital is -1.34. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.0.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 4.40 points at the first support level, and at 2.69 for the second support level. However, for the 1st resistance point, the stock is sitting at 7.55, and for the 2nd resistance point, it is at 9.00.
Ratios To Look Out For
For context, Galecto Inc’s Current Ratio is 14.07. As well, the Quick Ratio is 14.07, while the Cash Ratio is 11.84.
Transactions by insiders
Recent insider trading involved Winslow Garrett, General Counsel, that happened on Jan 03 ’25 when 471.0 shares were sold. Interim CFO, Firmani Lori completed a deal on Jan 03 ’25 to sell 261.0 shares. Meanwhile, Chief Executive Officer Schambye Hans T. sold 1341.0 shares on Jan 03 ’25.
