GlycoMimetics Inc (NASDAQ:GLYC) has a beta value of 1.84 and has seen 3.86 million shares traded in the last trading session. The company, currently valued at $23.20M, closed the last trade at $0.38 per share which meant it lost -$0.03 on the day or -5.97% during that session. The GLYC stock price is -828.95% off its 52-week high price of $3.53 and 63.16% above the 52-week low of $0.14. If we look at the company’s 10-day average daily trading volume, we find that it stood at 119.43 million shares traded. The 3-month trading volume is 19.08 million shares.
The consensus among analysts is that GlycoMimetics Inc (GLYC) is Hold stock at the moment, with a recommendation rating of 3.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 1 out of 1 have rated it as a Hold, with 0 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.11.
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GlycoMimetics Inc (NASDAQ:GLYC) trade information
Sporting -5.97% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the GLYC stock price touched $0.38 or saw a rise of 39.68%. Year-to-date, GlycoMimetics Inc shares have moved -83.79%, while the 5-day performance has seen it change 121.16%. Over the past 30 days, the shares of GlycoMimetics Inc (NASDAQ:GLYC) have changed 138.83%. Short interest in the company has seen 1.83 million shares shorted with days to cover at 3.32.
GlycoMimetics Inc (GLYC) estimates and forecasts
Figures show that GlycoMimetics Inc shares have underperformed across the wider relevant industry. The company’s shares have lost -79.09% over the past 6 months, with this year growth rate of 12.07%, compared to 18.30% for the industry.
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 13.11% over the past 5 years.
GLYC Dividends
GlycoMimetics Inc is expected to release its next earnings report on 2024-Nov-04 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 8.32% of the company shares, while shares held by institutions stand at 35.75% with a share float percentage of 39.00%. Investors are also buoyed by the number of investors in a company, with GlycoMimetics Inc having a total of 47.0 institutions that hold shares in the company. The top two institutional holders are BVF INC/IL with over 9.54 million shares worth more than $2.69 million. As of 2024-06-30, BVF INC/IL held 14.8071% of shares outstanding.
The other major institutional holder is ARTAL GROUP S.A., with the holding of over 8.59 million shares as of 2024-06-30. The firm’s total holdings are worth over $2.42 million and represent 13.3252% of shares outstanding.
