Galecto Stock Price on December 2, 2024
| GLTO Stock | USD 5.30 0.21 3.81% |
If you're considering investing in Galecto Stock, it is important to understand the factors that can impact its price. As of today, the current price of Galecto stands at 5.30, as last reported on the 2nd of December, with the highest price reaching 5.78 and the lowest price hitting 5.30 during the day. Galecto holds Efficiency (Sharpe) Ratio of -0.19, which attests that the entity had a -0.19% return per unit of risk over the last 3 months. Galecto exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Galecto's Risk Adjusted Performance of (0.16), market risk adjusted performance of (0.72), and Standard Deviation of 5.37 to validate the risk estimate we provide.
As of the 2nd of December 2024, Total Stockholder Equity is likely to grow to about 60.8 M, while Common Stock Shares Outstanding is likely to drop about 1 M. . As of the 2nd of December 2024, Price Earnings Ratio is likely to drop to -0.52. In addition to that, Price Book Value Ratio is likely to drop to 0.56. Galecto Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Galecto |
Sharpe Ratio = -0.1858
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Estimated Market Risk
| 5.35 actual daily | 47 53% of assets are more volatile |
Expected Return
| -0.99 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.19 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Galecto is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Galecto by adding Galecto to a well-diversified portfolio.
Price Book 0.3334 | Book Value 16.697 | Enterprise Value -12.7 M | Enterprise Value Ebitda 0.4609 | Shares Float 1.2 M |
Galecto Valuation on December 2, 2024
It is possible to determine the worth of Galecto on a given historical date. On December 2, 2024 Galecto was worth 5.51 at the beginning of the trading date compared to the closed value of 5.3. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Galecto stock. Still, in general, we apply an absolute valuation method to find Galecto's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Galecto where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Galecto's related companies.
| Open | High | Low | Close | Volume | |
| 5.51 | 5.78 | 5.30 | 5.30 | 29,074 | |
12/02/2024 | 5.51 | 5.78 | 5.30 | 5.30 | 0.00 |
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Galecto Trading Date Momentum on December 2, 2024
| On December 02 2024 Galecto was traded for 5.30 at the closing time. The top price for the day was 5.78 and the lowest listed price was 5.30 . There was no trading activity during the period 0.0. Lack of trading volume on December 2, 2024 did not cause price change. The overall trading delta against the current closing price is 3.96% . |
Galecto Fundamentals Correlations and Trends
By evaluating Galecto's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Galecto's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Galecto financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Galecto Stock history
Galecto investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Galecto is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Galecto will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Galecto stock prices may prove useful in developing a viable investing in Galecto
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 1.1 M | 1 M | |
| Net Loss | -55.5 M | -58.2 M |
Galecto Quarterly Net Working Capital |
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Galecto Stock Technical Analysis
Galecto technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Galecto Period Price Range
Low | December 2, 2024
| High |
0.00 | 0.00 |
Galecto cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Galecto December 2, 2024 Market Strength
Market strength indicators help investors to evaluate how Galecto stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Galecto shares will generate the highest return on investment. By undertsting and applying Galecto stock market strength indicators, traders can identify Galecto entry and exit signals to maximize returns
Galecto Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Galecto's price direction in advance. Along with the technical and fundamental analysis of Galecto Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Galecto to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.16) | |||
| Jensen Alpha | (1.42) | |||
| Total Risk Alpha | (2.10) | |||
| Treynor Ratio | (0.73) |
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| Volume Indicators |
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Galecto. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. To learn how to invest in Galecto Stock, please use our How to Invest in Galecto guide.You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
Is Biotechnology space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Galecto. If investors know Galecto will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Galecto listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (19.11) | Return On Assets (0.34) | Return On Equity (0.73) |
The market value of Galecto is measured differently than its book value, which is the value of Galecto that is recorded on the company's balance sheet. Investors also form their own opinion of Galecto's value that differs from its market value or its book value, called intrinsic value, which is Galecto's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Galecto's market value can be influenced by many factors that don't directly affect Galecto's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Galecto's value and its price as these two are different measures arrived at by different means. Investors typically determine if Galecto is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Galecto's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.