Galecto Inc (NASDAQ: GLTO) is 44.09% higher on its value in year-to-date trading and has touched a low of $3.76 and a high of $21.06 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The GLTO stock was last observed hovering at around $6.10 in the last trading session, with the day’s gains setting it 0.6%.
Currently trading at $6.70, the stock is 52.41% and 41.79% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.38 million and changing 9.84% at the moment leaves the stock -22.84% off its SMA200. GLTO registered -66.03% loss for a year compared to 6-month loss of -51.45%. The firm has a 50-day simple moving average (SMA 50) of $4.72516 and a 200-day simple moving average (SMA200) of $8.683065.
The stock witnessed a 48.56% gain in the last 1 month and extending the period to 3 months gives it a 39.87%, and is 64.22% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 20.63% over the week and 9.99% over the month.
Galecto Inc (GLTO) has around 5 employees, a market worth around $8.86M and $0.00M in sales. Distance from 52-week low is 78.19% and -68.19% from its 52-week high. The company has generated returns on investments over the last 12 months (-134.90%).
The EPS is expected to grow by 21.75% this year, but quarterly earnings will post 0.00% year-over-year.
Galecto Inc (GLTO) Top Institutional Holders
12.0 institutions hold shares in Galecto Inc (GLTO), with institutional investors hold 13.46% of the company’s shares. The shares outstanding are 1.32M, and float is at 1.14M with Short Float at 1.61%. Institutions hold 13.00% of the Float.
The top institutional shareholder in the company is NOVO HOLDINGS A/S with over 2.5 million shares valued at $1.18 million. The investor’s holdings represent 9.2126% of the GLTO Shares outstanding. As of 2024-06-30, the second largest holder is RENAISSANCE TECHNOLOGIES LLC with 0.58 million shares valued at $$0.27 million to account for 2.1366 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 0.22 million shares representing 0.8159% and valued at over $0.1 million, while GEODE CAPITAL MANAGEMENT, LLC holds 0.7898 of the shares totaling 0.21 million with a market value of $0.1 million.
Galecto Inc (GLTO) Insider Activity
The most recent transaction is an insider sale by Winslow Garrett,the company’sGeneral Counsel. SEC filings show that Winslow Garrett sold 471 shares of the company’s common stock on Jan 03 ’25 at a price of $5.60 per share for a total of $2638.0. Following the sale, the insider now owns 1009.0 shares.
Galecto Inc disclosed in a document filed with the SEC on Jan 03 ’25 that Firmani Lori (Interim CFO) sold a total of 261 shares of the company’s common stock. The trade occurred on Jan 03 ’25 and was made at $5.63 per share for $1469.0. Following the transaction, the insider now directly holds 465.0 shares of the GLTO stock.
Still, SEC filings show that on Jan 03 ’25, Schambye Hans T. (Chief Executive Officer) disposed off 1,341 shares at an average price of $5.60 for $7510.0. The insider now directly holds 3,397 shares of Galecto Inc (GLTO).
