Credit Suisse raised the price target for the Galera Therapeutics Inc. (NASDAQ:GRTX) stock to “an Outperform”. The rating was released on April 26, 2021. We previously noted in another research note published on December 16, 2020 by Credit Suisse that upgraded the stock from a Neutral to an Outperform with a price target of $15 for GRTX stock. The research report from H.C. Wainwright has initiated the stock to Buy, with a price target set at $15.
Even if you’re not actively in crypto, you deserve to know what’s actually going on...
Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.
Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free. .
Historical Earnings Surprises and Revenue Forecasts
Profit is the most critical financial performance measure. Every investor in a business is looking forward to the earnings report as stock price to increase when earnings exceed market expectations and progressively decrease when earnings do not meet expectations. The firm reported an earnings per share (EPS) of -$0.8 during the last quarter as opposed to a consensus estimate of -$0.71, which indicates the company missed its estimate by -$0.09, which implies that the company surprised the market by -12.70%. It appears that the average earnings per share estimate for the current quarter (ending in Mar 2021) is -$0.83. This is an average of 4 analysts’ earnings, where the high earnings per share estimate is -$0.77 and the low earnings per share estimate is -$0.88.
The latest trade, Performances and Moving Averages give us the following Picture
The share price of Galera Therapeutics Inc. (NASDAQ:GRTX) raised 0.37% to close Friday’s market session at $8.15, higher as compared to yesterday’s close. The stock price fluctuated between $7.70 and $8.22 throughout the trading session with the volume trading being 1330960 shares, which represented a significant variation when compared to the three months average volume of 524.37K shares. The firm’s stock price fluctuated 24.24% within the last five trades and -7.60% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price decreased -14.93% in the last 6 months and -27.49% was subtracted to its value over the previous 3 months. GRTX stock is trading at a margin of 8.72%, -14.02% and -16.84% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
As of the close of trading, GRTX deals in the Healthcare domain. The stock is trading -45.67 percent below its 52-week high and 32.52 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is -33.87. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Galera Therapeutics Inc.’s Profitability and Valuation Ratios Tell Us About the Stock?
The stock’s market cap achieved a total value of $205.14 million as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The firm managed a Price-to-Book ratio of 32.60, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 10.80 percent of Galera Therapeutics Inc. shares are owned by insiders, and 76.40 percent are held by financial institutions. Novo Holdings A/S, the 10% Owner at Galera Therapeutics Inc. (GRTX) has sold 500,000 shares of firm on Feb 18 at a price of $10.58 against the total amount of $5.29 million. In another inside trade, Alleva Lawrence M, Director of Galera Therapeutics Inc. (NASDAQ:GRTX) bought 2,325 shares of the firm on Nov 13 for a total worth of $23771.0 at a price of $10.22. An inside trade which took place on Nov 13, Chief Accounting Officer of Galera Therapeutics Inc. Sussman Joel F. sold 10,000 shares of firm against total price of $0.1 million at the cost of $10.32 per share.