NASDAQ:GLYCGlycoMimetics Stock Price, Forecast & News

$3.00

-0.06 (-1.96 %)

(As of 05/25/2020 04:00 PM ET)

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Today's Range

$2.93

Now: $3.00▼

$3.13

50-Day Range

$2.06

MA: $2.67▼

$3.18

52-Week Range

$1.82

Now: $3.00▼

$13.44

Volume313,700 shs

Average Volume264,673 shs

Market Capitalization$130.75 million

P/E RatioN/A

Dividend YieldN/A

Beta2.54

GlycoMimetics, Inc., a clinical-stage biotechnology company, focuses on the discovery and development of novel glycomimetic drugs to address unmet medical needs resulting from diseases in the United States. The company's advanced drug candidate, rivipansel, is a pan-selectin antagonist, which is developed for the treatment of vaso-occlusive crisis in sickle cell disease and is in a Phase III clinical trial, conducted by its strategic collaboration with Pfizer Inc. It is also developing uproleselan, an E-selectin antagonist that is evaluated in a Phase I/II clinical trial as a potential treatment for acute myeloid leukemia (AML), as well as Phase III trial to treat relapsed/refractory AML. In addition, the company offers GMI-1359 that has completed Phase I clinical trial to target E-selectin and a chemokine receptor for various tumor types. Further, it is developing various other programs, including GMI-1687, an antagonist of E-selectin; and Galectin-3, a carbohydrate-binding protein. The company has a cooperative research and development agreement with the National Cancer Institute. GlycoMimetics, Inc. was founded in 2003 and is headquartered in Rockville, Maryland.

Beat the Market (BTM) Rank^™

3.3 Analyst's Opinion

Consensus Rating
GlycoMimetics has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 3 buy ratings, 3 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $8.75, GlycoMimetics has a potential upside of 191.7% from its current price of $3.00.
Amount of Analyst Coverage
GlycoMimetics has only been the subject of 2 research reports in the past 90 days.

2.7 Community Rank

Outperform Votes
GlycoMimetics has received 298 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
GlycoMimetics has received 258 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
GlycoMimetics has received 53.60% “outperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about GlycoMimetics and other stocks. Vote “Outperform” if you believe GLYC will outperform the S&P 500 over the long term. Vote “Underperform” if you believe GLYC will underperform the S&P 500 over the long term. You may vote once every thirty days.

0.0 Dividend Strength

Dividend Yield
GlycoMimetics does not currently pay a dividend.
Dividend Growth
GlycoMimetics does not have a long track record of dividend growth.

4.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, GlycoMimetics insiders have bought more of their company's stock than they have sold. Specifically, they have bought $68,000.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 26.80% of the stock of GlycoMimetics is held by insiders.
Percentage Held by Institutions
91.00% of the stock of GlycoMimetics is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6 Earnings and Valuation

Earnings Growth
Earnings for GlycoMimetics are expected to decrease in the coming year, from ($1.51) to ($1.63) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of GlycoMimetics is -2.50, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of GlycoMimetics is -2.50, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
GlycoMimetics has a P/B Ratio of 0.84. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.12 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry Pharmaceutical preparations

Sub-IndustryN/A

SectorMedical

Current SymbolNASDAQ:GLYC

Previous Symbol

CUSIPN/A

CIK1253689

Webwww.glycomimetics.com

Phone240-243-1201

Debt

Debt-to-Equity Ratio0.02

Current Ratio14.78

Quick Ratio14.78

Price-To-Earnings

Trailing P/E RatioN/A

Forward P/E RatioN/A

P/E GrowthN/A

Sales & Book Value

Annual SalesN/A

Price / SalesN/A

Cash FlowN/A

Price / Cash FlowN/A

Book Value$3.56 per share

Price / Book0.84

Profitability

EPS (Most Recent Fiscal Year)($1.34)

Net Income$-57,890,000.00

Net MarginsN/A

Return on Equity-31.76%

Return on Assets-29.29%

Miscellaneous

Employees50

Outstanding Shares43,583,000

Market Cap$130.75 million

Next Earnings Date8/6/2020 (Estimated)

OptionableOptionable

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GlycoMimetics (NASDAQ:GLYC) Frequently Asked Questions

How has GlycoMimetics' stock been impacted by COVID-19 (Coronavirus)?

GlycoMimetics' stock was trading at $2.94 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, GLYC stock has increased by 2.0% and is now trading at $3.00. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of GlycoMimetics?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for GlycoMimetics in the last year. There are currently 3 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for GlycoMimetics.

When is GlycoMimetics' next earnings date?

GlycoMimetics is scheduled to release its next quarterly earnings announcement on Thursday, August 6th 2020. View our earnings forecast for GlycoMimetics.

How were GlycoMimetics' earnings last quarter?

GlycoMimetics Inc (NASDAQ:GLYC) issued its quarterly earnings results on Friday, May, 1st. The biotechnology company reported ($0.18) EPS for the quarter, topping analysts' consensus estimates of ($0.30) by $0.12. The biotechnology company had revenue of $9 million for the quarter. View GlycoMimetics' earnings history.

What price target have analysts set for GLYC?

6 Wall Street analysts have issued 12-month price objectives for GlycoMimetics' stock. Their forecasts range from $5.00 to $16.00. On average, they anticipate GlycoMimetics' share price to reach $8.75 in the next year. This suggests a possible upside of 191.7% from the stock's current price. View analysts' price targets for GlycoMimetics.

Has GlycoMimetics been receiving favorable news coverage?

Media headlines about GLYC stock have been trending very positive this week, InfoTrie Sentiment Analysis reports. The research firm identifies negative and positive news coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. GlycoMimetics earned a media sentiment score of 4.0 on InfoTrie's scale. They also gave news articles about the biotechnology company a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the stock's share price in the near term. View the latest news aboutGlycoMimetics.

Are investors shorting GlycoMimetics?

GlycoMimetics saw a decrease in short interest in the month of April. As of April 15th, there was short interest totaling 2,880,000 shares, a decrease of 6.8% from the March 31st total of 3,090,000 shares. Based on an average daily trading volume, of 257,300 shares, the days-to-cover ratio is presently 11.2 days. Approximately 8.6% of the shares of the stock are short sold. View GlycoMimetics' Current Options Chain.

Who are some of GlycoMimetics' key competitors?

Some companies that are related to GlycoMimetics include Xenon Pharmaceuticals (XENE), Atreca (BCEL), NewLink Genetics (NLNK), AC Immune (ACIU), BioDelivery Sciences International (BDSI), Neoleukin Therapeutics (NLTX), DURECT (DRRX), Beyondspring (BYSI), Emisphere Technologies (EMIS), Prothena (PRTA), Dynavax Technologies (DVAX), Passage Bio (IMRA), Puma Biotechnology (PBYI), Catalyst Pharmaceuticals (CPRX) and Satsuma Pharmaceuticals (STSA). View all competitors.

What other stocks do shareholders of GlycoMimetics own?

Based on aggregate information from My MarketBeat watchlists, some companies that other GlycoMimetics investors own include Amarin (AMRN), Viking Therapeutics (VKTX), Agile Therapeutics (AGRX), Vanda Pharmaceuticals (VNDA), Exelixis (EXEL), TG Therapeutics (TGTX), Crispr Therapeutics (CRSP), Gilead Sciences (GILD), Sangamo Therapeutics (SGMO) and Fate Therapeutics (FATE).

Who are GlycoMimetics' key executives?

GlycoMimetics' management team includes the following people:

Ms. Rachel K. King, Pres, CEO & Director (Age 60)
Mr. Brian M. Hahn, Sr. VP, CFO & Sec. (Age 45)
Dr. John L. Magnani, Sr. VP of Research, Chief Scientific Officer & Director (Age 66)
Dr. Helen M. Thackray, Sr. VP of Clinical Devel. & Chief Medical Officer (Age 51)
Mr. Henry Flanner, VP of Technical Operations

What is GlycoMimetics' stock symbol?

GlycoMimetics trades on the NASDAQ under the ticker symbol "GLYC."

Who are GlycoMimetics' major shareholders?

GlycoMimetics' stock is owned by many different institutional and retail investors. Top institutional investors include Wellington Management Group LLP (11.09%), BlackRock Inc. (6.36%), Invesco Ltd. (5.48%), State Street Corp (1.43%), Geode Capital Management LLC (1.19%) and Morgan Stanley (1.10%). Company insiders that own GlycoMimetics stock include Brian M Hahn, Bvf Partners L P/Il, Daniel M Junius and John L Magnani. View institutional ownership trends for GlycoMimetics.

Which major investors are selling GlycoMimetics stock?

GLYC stock was sold by a variety of institutional investors in the last quarter, including Invesco Ltd., Redmile Group LLC, AXA, BlackRock Inc., Parametric Portfolio Associates LLC, Athanor Capital LP, UBS Group AG, and State Street Corp. View insider buying and selling activity for GlycoMimetics.

Which major investors are buying GlycoMimetics stock?

GLYC stock was purchased by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, Federated Hermes Inc., Morgan Stanley, Two Sigma Advisers LP, Two Sigma Investments LP, Wells Fargo & Company MN, AQR Capital Management LLC, and Geode Capital Management LLC. Company insiders that have bought GlycoMimetics stock in the last two years include Bvf Partners L P/Il, and Daniel M Junius. View insider buying and selling activity for GlycoMimetics.

How do I buy shares of GlycoMimetics?

Shares of GLYC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is GlycoMimetics' stock price today?

One share of GLYC stock can currently be purchased for approximately $3.00.

How big of a company is GlycoMimetics?

GlycoMimetics has a market capitalization of $130.75 million. The biotechnology company earns $-57,890,000.00 in net income (profit) each year or ($1.34) on an earnings per share basis. GlycoMimetics employs 50 workers across the globe.

What is GlycoMimetics' official website?

The official website for GlycoMimetics is www.glycomimetics.com.

How can I contact GlycoMimetics?

GlycoMimetics' mailing address is 9708 MEDICAL CENTER DRIVE, ROCKVILLE MD, 20850. The biotechnology company can be reached via phone at 240-243-1201 or via email at [email protected]

This page was last updated on 5/25/2020 by MarketBeat.com Staff