GlycoMimetics Inc (NASDAQ:GLYC) traded at $0.29 at close of the session on current trade day and made a downward move of -9.34% on its previous day’s price.
Looking at the stock we see that its previous close was $0.32 and the beta (5Y monthly) reads 1.842 with the day’s price range being $0.275 – $0.3177. In terms of its 52-week price range, GLYC has a high of $3.53 and a low of $0.14. The company’s stock has gained about 66.01% over that past 30 days.
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GlycoMimetics Inc has a market cap of $18.34 million and is expected to release its quarterly earnings report in December.
The median projection represents growth adding up to -100.00% compared to sales growth for the corresponding quarter a year ago.
On the other hand, looking at the outlook for the GLYC stock, short term indicators assign the stock an average of Hold, while medium term indicators assign it an average of Hold.
Based on estimates by 1 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 1 have rated the GlycoMimetics Inc (GLYC) stock as a Hold, while 0 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Hold and investors could take advantage and scoop up stock of the company.
Looking further, we note the current price level is -26.58% off its SMA20 and 13.42% from its 50-day simple moving average. The RSI (14) is pointing at 42.84 while the volatility over the past week is 13.41% and jumps to 18.00% over the past one month. The beta value is 1.77, while the average true range (ATR) is currently pointing at 0.05.
Coming back to GlycoMimetics Inc (NASDAQ:GLYC), we note that the average 3-month trading volume was 19.25 million, while that of the preceding 10-day period stands at 1.62 million. Current shares outstanding are 64.39 million.
The insiders hold 11.50% of the company’s shares while institutions hold 37.47%. The data shows that short shares as of 2024-10-31, stood at 5.64 million at a short ratio of 1.07. This represents a 1261.00 short interest in shares outstanding on 2024-10-31. Shares short rose in October from the previous month at 1.64 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -87.83% down in year-to-date price movement.
