GlycoMimetics Inc (NASDAQ:GLYC) has a beta value of 1.77 and has seen 1.85 million shares traded in the recent trading session. The company, currently valued at $18.32M, closed the recent trade at $0.29 per share which meant it lost -$0.03 on the day or -9.44% during that session. The GLYC stock price is -1117.24% off its 52-week high price of $3.53 and 51.72% 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 1.62 million shares traded. The 3-month trading volume is 19.25 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.
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GlycoMimetics Inc (NASDAQ:GLYC) trade information
Sporting -9.44% in the red today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the GLYC stock price touched $0.29 or saw a rise of 31.28%. Year-to-date, GlycoMimetics Inc shares have moved -87.84%, while the 5-day performance has seen it change -30.90%. Over the past 30 days, the shares of GlycoMimetics Inc (NASDAQ:GLYC) have changed 65.84%. Short interest in the company has seen 5.64 million shares shorted with days to cover at 1.07.
GlycoMimetics Inc (GLYC) estimates and forecasts
The company’s shares have gained 7.45% over the past 6 months, compared to 16.70% for the industry. Revenue growth from the last financial year stood is estimated to be -100.00%.
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 13.11% over the past 5 years.
GLYC Dividends
GlycoMimetics Inc is expected to release its next earnings report in December 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 3.12% of the company shares, while shares held by institutions stand at 47.91% with a share float percentage of 49.46%. Investors are also buoyed by the number of investors in a company, with GlycoMimetics Inc having a total of 45.0 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.
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 Jun 30, 2024, the former fund manager holds about 2.99% shares in the company for having 1.93 shares of worth $0.55 million while later fund manager owns 730.6 shares of worth $0.21 million as of Jun 30, 2024, which makes it owner of about 1.13% of company’s outstanding stock.
