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S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
Stock market today: Wall Street falls sharply to close out its worst week since October
5 Semiconductor Giants: Navigating the Recent Pullback
2 Stocks to Buy on The Dip: One a Value, the Other High-Yielding
Breakout Alert: Coinbase's Consolidation Is About To End
Closing prices for crude oil, gold and other commodities
3 Key Stocks Helping to Drive the EV Race
You Can Follow BlackRock’s Market View for Your Money
S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
Stock market today: Wall Street falls sharply to close out its worst week since October
5 Semiconductor Giants: Navigating the Recent Pullback
2 Stocks to Buy on The Dip: One a Value, the Other High-Yielding
Breakout Alert: Coinbase's Consolidation Is About To End
Closing prices for crude oil, gold and other commodities
3 Key Stocks Helping to Drive the EV Race
You Can Follow BlackRock’s Market View for Your Money
S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
Stock market today: Wall Street falls sharply to close out its worst week since October
5 Semiconductor Giants: Navigating the Recent Pullback
2 Stocks to Buy on The Dip: One a Value, the Other High-Yielding
Breakout Alert: Coinbase's Consolidation Is About To End
Closing prices for crude oil, gold and other commodities
3 Key Stocks Helping to Drive the EV Race
You Can Follow BlackRock’s Market View for Your Money
NASDAQ:GLTO

Galecto (GLTO) Stock Price, News & Analysis

$0.68
-0.02 (-2.85%)
(As of 04/12/2024 ET)
Today's Range
$0.68
$0.72
50-Day Range
$0.60
$0.89
52-Week Range
$0.50
$3.70
Volume
233,119 shs
Average Volume
245,714 shs
Market Capitalization
$18.46 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$5.33

Galecto MarketRank™ Stock Analysis

Analyst Rating
Hold
2.20 Rating Score
Upside/​Downside
683.2% Upside
$5.33 Price Target
Short Interest
Healthy
0.16% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.43mentions of Galecto in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Decreasing
From ($1.20) to ($1.82) Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.56 out of 5 stars

Medical Sector

2119th out of 2,784 stocks

Pharmaceutical Preparations Industry

988th out of 1,293 stocks

GLTO stock logo

About Galecto Stock (NASDAQ:GLTO)

Galecto, Inc., a clinical-stage biotechnology company, develops molecules for the treatment of fibrosis, cancer, inflammation, and other related diseases. The company's lead product candidate is GB2064, which is in Phase IIa for the treatment of myelofibrosis. It also develops GB0139, an inhaled small molecule inhibitor of galectin-3 that is in Phase IIb clinical trial for the treatment of fibrotic lung diseases, such as idiopathic pulmonary fibrosis, a life-threatening progressive fibrotic disease of the lung; GB2064, a selective oral small molecule inhibitor of LOXL2 that is in Phase 2a clinical trial for the treatment of myelofibrosis; and GB1211, a selective oral galectin-3 inhibitor that is in Phase IIa for the treatment of cancer, as well as in Phase Ib/IIa for fibrosis. Galecto, Inc. was founded in 2011 and is headquartered in Copenhagen, Denmark.

GLTO Stock Price History

GLTO Stock News Headlines

Galecto Inc.
Buy Alert: Get these AI trades on repeat
With this AI Trade Finder, one of my newer students took his trading account from $1,500 to over $9,400 in just over a month
What Makes Galecto, Inc. (GLTO) a New Strong Buy Stock
Buy Alert: Get these AI trades on repeat
With this AI Trade Finder, one of my newer students took his trading account from $1,500 to over $9,400 in just over a month
HC Wainwright & Co. Downgrades Galecto (GLTO)
Galecto Announces Plans to Explore Strategic Alternatives
Galecto to Present at Investor Conferences in September
Expert Ratings for Galecto
Galecto (GLTO) Down 71% as Lung Disease Candidate Fails
SVB Leerink Downgrades Galecto (GLTO)
Why Is Galecto Stock Plummeting Today?
See More Headlines
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Company Calendar

Last Earnings
3/08/2024
Today
4/12/2024
Next Earnings (Estimated)
4/26/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Medical
Industry
Pharmaceutical preparations
Sub-Industry
N/A
Current Symbol
NASDAQ:GLTO
Fax
N/A
Employees
13
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$5.33
High Stock Price Target
$12.00
Low Stock Price Target
$2.00
Potential Upside/Downside
+651.2%
Consensus Rating
Hold
Rating Score (0-4)
2.20
Research Coverage
5 Analysts

Profitability

Net Income
$-38,350,000.00
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
N/A
Book Value
$1.19 per share

Miscellaneous

Free Float
23,832,000
Market Cap
$19.25 million
Optionable
Optionable
Beta
1.24
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GLTO Stock Analysis - Frequently Asked Questions

Should I buy or sell Galecto stock right now?

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Galecto in the last year. There are currently 4 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" GLTO shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in GLTO, but not buy additional shares or sell existing shares.
View GLTO analyst ratings
or view top-rated stocks.

What is Galecto's stock price target for 2024?

5 Wall Street research analysts have issued 1-year price objectives for Galecto's shares. Their GLTO share price targets range from $2.00 to $12.00. On average, they predict the company's stock price to reach $5.33 in the next twelve months. This suggests a possible upside of 683.2% from the stock's current price.
View analysts price targets for GLTO
or view top-rated stocks among Wall Street analysts.

How have GLTO shares performed in 2024?

Galecto's stock was trading at $0.72 at the start of the year. Since then, GLTO stock has decreased by 5.4% and is now trading at $0.6810.
View the best growth stocks for 2024 here
.

Are investors shorting Galecto?

Galecto saw a increase in short interest during the month of March. As of March 31st, there was short interest totaling 31,500 shares, an increase of 74.0% from the March 15th total of 18,100 shares. Based on an average trading volume of 249,500 shares, the short-interest ratio is currently 0.1 days. Approximately 0.2% of the company's shares are sold short.
View Galecto's Short Interest
.

When is Galecto's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, April 26th 2024.
View our GLTO earnings forecast
.

How were Galecto's earnings last quarter?

Galecto, Inc. (NASDAQ:GLTO) announced its quarterly earnings data on Friday, March, 8th. The company reported ($0.23) EPS for the quarter, beating the consensus estimate of ($0.31) by $0.08.

When did Galecto IPO?

Galecto (GLTO) raised $86 million in an initial public offering (IPO) on Thursday, October 29th 2020. The company issued 5,700,000 shares at a price of $14.00-$16.00 per share. BofA Securities, SVB Leerink and Credit Suisse acted as the underwriters for the IPO and Kempen & Co. was co-manager.

How do I buy shares of Galecto?

Shares of GLTO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:GLTO) was last updated on 4/12/2024 by MarketBeat.com Staff

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