GlycoMimetics Inc (NASDAQ:GLYC) does about 19.25M shares in volume on a normal day but saw 6698149 shares change hands in the recent trading day. The company now has a market cap of 18.34M USD. Its current market price is $0.29, marking a decrease of -9.34% compared to the previous close of $0.32. The 52 week high reached by this stock is $3.53 whilst the lowest price level in 52 weeks is $0.14.
GlycoMimetics Inc (GLYC) has a 20-day trading average at $0.3912 and the current price is -91.86% off the 52-week high compared with 104.27% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.2532 and its 200-day simple moving average is $0.9310. If we look at the stock’s price movements over the week, volatility stands at 13.41%, which increases to 18.00% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 42.84 to suggest the stock is neutral.
The consensus objective for the share price is $0.50, suggesting that the stock has a potential upside of 42.0% over the period.
FactSet Research has provided data showing that 1 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 0 analysts have rated it as a buy and 1 have advised that investors hold their positions. The consensus recommendation rating is Hold and Wall Street’s advice is for investors to Hold the stock.
Jefferies upgraded its price target at $3-$4.
The current price level is -26.58%, 13.42%, and -69.15% away from its SMA20, SMA50, and SMA200 respectively, with the GLYC price moving below the 50-day SMA on current market day. GlycoMimetics Inc (GLYC) stock is down -30.83% over the week and 66.01% over the past month. Its price is -87.83% year-to-date and -81.94% over the past year.
The stock last released its quarterly earnings report for quarter ended 9/30/2024, with the company’s earnings per share (EPS) of -0.14 above consensus estimates by 0.01. The company’s next earnings report forecasts estimating quarterly EPS at 0 and 0 for whole year.
To reach the target analysts have set, the stock logically needs to grow 42.0 percent from here.
Outstanding shares total 64.39M with insiders holding 3.12% of the shares and institutional holders owning 47.91% of the company’s common stock. The company has a return on investment of -349.28% and return on equity of -137.20%. The beta has a value of 1.77. Price to book ratio is 1.63 and price to sales ratio is 1833.59.
