During the last session, GlycoMimetics Inc (NASDAQ:GLYC)’s traded shares were 0.4 million, with the beta value of the company hitting 2.05. At the end of the trading day, the stock’s price was $0.16, reflecting an intraday loss of -3.06% or -$0.01. The company’s market capitalization is $10.63M, and the average intraday trading volume over the past 10 days was 0.56 million shares, and the average trade volume was 3.71 million shares over the past three months.
GlycoMimetics Inc (GLYC) received a consensus recommendation of Hold from analysts. That translates to a mean rating of 3.00. GLYC has a Sell rating from 0 analyst(s) out of 1 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 0 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.13.
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GlycoMimetics Inc (NASDAQ:GLYC) trade information
GlycoMimetics Inc (GLYC) registered a -3.06% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -3.06% in intraday trading to $0.16, hitting a weekly high. The stock’s 5-day price performance is -3.06%, and it has moved by -10.92% in 30 days. Based on these gigs, the overall price performance for the year is -88.14%. The short interest in GlycoMimetics Inc (NASDAQ:GLYC) is 1.93 million shares and it means that shorts have 1.27 day(s) to cover.
GlycoMimetics Inc (GLYC) estimates and forecasts
Statistics show that GlycoMimetics Inc has underperformed its competitors in share price, compared to the industry in which it operates. GlycoMimetics Inc (GLYC) shares have gone down -94.28% during the last six months, with a year-to-date growth rate less than the industry average at 3.45% against 20.70. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 7.10% this quarter and then jump 21.40% in the quarter after that.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 13.11%. While earnings are projected to return 12.93% in 2024.
GLYC Dividends
GlycoMimetics Inc is due to release its next quarterly earnings on 2024-Nov-01. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
GlycoMimetics Inc (NASDAQ:GLYC)’s Major holders
GlycoMimetics Inc insiders own 8.86% of total outstanding shares while institutional holders control 34.81%, with the float percentage being 38.19%. BVF INC/IL is the largest shareholder of the company, while 46.0 institutions own stock in it. As of 2024-06-30, the company held over 9.54 million shares (or 14.8071% of all shares), a total value of $2.69 million in shares.
The next largest institutional holding, with 8.59 million shares, is of ARTAL GROUP S.A.’s that is approximately 13.3252% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $2.42 million.
