Piper Sandler lowered the price target for the Galera Therapeutics Inc (NASDAQ:GRTX) stock from “an Overweight” to “a Neutral”. The rating was released on August 10, 2023, according to finviz. The research report from BofA Securities has downgraded the stock from Buy to Underperform, with a price target set at $2. The stock was resumed by Credit Suisse, who disclosed in a research note on April 26, 2021, to Outperform and set the price objective to $15. In their research brief published December 16, 2020, Credit Suisse analysts upgraded the Galera Therapeutics Inc stock from Neutral to Outperform with a price target of $15.
The latest trade, Performances and Moving Averages give us the following Picture
The firm’s stock price fluctuated -5.09% within the last five trades and -27.54% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price decreased -24.01% in the last 6 months and -28.88% was subtracted to its value over the previous 3 months. GRTX stock is trading at a margin of -17.70%, -21.99% and -72.34% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
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As of the close of trading, GRTX deals in the Healthcare domain. The stock is trading -95.74 percent below its 52-week high and 79.25 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 -33.41. 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?
With regard to the profitability of the company, the operating margin is currently at 0.00 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $8.32 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.
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, 19.98 percent of Galera Therapeutics Inc shares are owned by insiders, and 14.88 percent are held by financial institutions. Schneid Yair, the 10% Owner at Galera Therapeutics Inc (GRTX) has bought 150,000 shares of firm on Feb 08 ’24 at a price of $0.17 against the total amount of $25650.0. In another inside trade, Schneid Yair, 10% Owner of Galera Therapeutics Inc (NASDAQ:GRTX) bought 175,000 shares of the firm on Feb 07 ’24 for a total worth of $30185.0 at a price of $0.17. An inside trade which took place on Feb 06 ’24, 10% Owner of Galera Therapeutics Inc Schneid Yair bought 25,000 shares of firm against total price of $5025.0 at the cost of $0.20 per share.
