G1 Therapeutics Inc (NASDAQ: GTHX) Stock: Performance And Outlook

In the last trading session, 1.19 million G1 Therapeutics Inc (NASDAQ:GTHX) shares changed hands as the company’s beta touched 1.77. With the company’s per share price at $4.53 changed hands at -$0.17 or -3.62% during last session, the market valuation stood at $234.84M. GTHX’s last price was a discount, traded about -72.19% off its 52-week high of $7.80. The share price had its 52-week low at $1.08, which suggests the last value was 76.16% up since then. When we look at G1 Therapeutics Inc’s average trading volume, we note the 10-day average is 1.6 million shares, with the 3-month average coming to 0.77.

G1 Therapeutics Inc (NASDAQ:GTHX) trade information

Instantly GTHX was in red as seen at the end of in last trading. With action 7.60%, the performance over the past five days has been green. The drop to weekly highs of 5.00 subtracted -3.62% to the stock’s daily price. The company’s shares are showing year-to-date upside of 48.52%, with the 5-day performance at 7.60% in the green. However, in the 30-day time frame, G1 Therapeutics Inc (NASDAQ:GTHX) is 32.07% up. Looking at the short shares, we see there were 2.61 million shares sold at short interest cover period of 1.74 days.

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G1 Therapeutics Inc (GTHX) estimates and forecasts

Data shows that the G1 Therapeutics Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 125.37% over the past 6 months, a 71.60% in annual growth rate that is considerably higher than the industry average of 15.50%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2024 revenue estimates. The rating firms predict current quarter revenue for G1 Therapeutics Inc will rise 63.00%, while the growth in revenue is estimated to hit 52.80% for the next quarter. Year-over-year growth is forecast to reach 57.50% up from the last financial year.

Consensus estimates given by 6 financial analysts project the company’s revenue in the current quarter to hit an average of $13.08 million. 4 analysts are of the opinion that G1 Therapeutics Inc’s revenue for the quarter ending Mar 2024 will be $15.57 million. The company’s revenue for the corresponding quarters a year ago was $10.25 million and $12.95 million respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 27.60%. The estimates for the next quarter sales put growth at 20.30%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -10.99%. The 2024 estimates are for G1 Therapeutics Inc earnings to increase by 71.50%.

G1 Therapeutics Inc (NASDAQ:GTHX)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 10.82% of G1 Therapeutics Inc shares while 28.64% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 32.12%. There are 28.64% institutions holding the G1 Therapeutics Inc stock share, with Fisher Asset Management, LLC the top institutional holder. As of Jun 29, 2023, the company held 4.91% of the shares, roughly 2.54 million GTHX shares worth $6.33 million.

JP Morgan Chase & Company holds the second largest percentage of outstanding shares, with 4.09% or 2.12 million shares worth $5.27 million as of Jun 29, 2023.

Among Mutual Funds, the top two as of Jun 29, 2023 were Vanguard Total Stock Market Index Fund and JP Morgan Small Cap Growth Fund. With 1.3 million shares estimated at $3.23 million under it, the former controlled 2.50% of total outstanding shares. On the other hand, JP Morgan Small Cap Growth Fund held about 2.38% of the shares, roughly 1.23 million shares worth around $3.07 million.

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