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When Is GlycoMimetics Inc. (GLYC) Going To Be Good Investment?

GlycoMimetics Inc. (NASDAQ:GLYC) has a beta value of 2.11 and has seen 0.59 million shares traded in the recent trading session. The company, currently valued at $165.57M, closed the recent trade at $3.32 per share which meant it gained $0.15 on the day or 4.73% during that session. The GLYC stock price is 0.6% off its 52-week high price of $3.30 and 84.64% above the 52-week low of $0.51. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.62 million shares traded. The 3-month trading volume is 674.62K shares.

GlycoMimetics Inc. (NASDAQ:GLYC) trade information

Sporting 4.73% in the green today, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, 01/24/23 when the GLYC stock price touched $3.32 or saw a rise of 3.49%. Year-to-date, GlycoMimetics Inc. shares have moved 4.62%, while the 5-day performance has seen it change 10.07%. Over the past 30 days, the shares of GlycoMimetics Inc. (NASDAQ:GLYC) have changed 44.09%. Short interest in the company has seen 0.61 million shares shorted with days to cover at 0.94.

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Wall Street analysts have a consensus price target for the stock at $8.00, which means that the shares’ value could jump 58.5% from the levels at last check today. The projected low price target is $3.00 while the price target rests at a high of $13.00. In that case, then, we find that the latest price level in today’s session is -291.57% off the targeted high while a plunge would see the stock lose 9.64% from the levels at last check today.

GlycoMimetics Inc. (GLYC) estimates and forecasts

Figures show that GlycoMimetics Inc. shares have outperformed across the wider relevant industry. The company’s shares have gained 366.18% over the past 6 months, with this year growth rate of 26.02%, compared to 11.20% for the industry. Other than that, the company has, however, increased its growth outlook for the 2023 fiscal year revenue. Growth estimates for the current quarter are 36.40% and 39.30% for the next quarter. Revenue growth from the last financial year stood is estimated to be -94.00%.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 3.80% over the past 5 years.

GLYC Dividends

GlycoMimetics Inc. is expected to release its next earnings report between March 01 and March 06 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

GlycoMimetics Inc. (NASDAQ:GLYC)’s Major holders

Insiders own 2.46% of the company shares, while shares held by institutions stand at 53.38% with a share float percentage of 54.73%. Investors are also buoyed by the number of investors in a company, with GlycoMimetics Inc. having a total of 44 institutions that hold shares in the company. The top two institutional holders are BVF Inc. with over 9.54 million shares worth more than $32.36 million. As of Sep 29, 2022, BVF Inc. held 18.21% of shares outstanding.

The other major institutional holder is NEA Management Company, LLC, with the holding of over 9.09 million shares as of Sep 29, 2022. The firm’s total holdings are worth over $30.81 million and represent 17.34% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund. As of Sep 29, 2022, the former fund manager holds about 1.93% shares in the company for having 1.01 million shares of worth $3.43 million while later fund manager owns 0.58 million shares of worth $1.98 million as of Sep 29, 2022, which makes it owner of about 1.11% of company’s outstanding stock.

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