Galera Therapeutics Inc (GRTX) Sits And Waits For Direction At $0.20 Price

Galera Therapeutics Inc (NASDAQ:GRTX) at last check was buoying at $0.20 on Thursday, May 02, with a rise of 6.95% from its closing price on previous day.

Taking a look at stock we notice that its last check on previous day was $0.19. Considering stock’s 52-week price range provides that GRTX hit a high price of $3.59 and saw its price falling to a low level of $0.09 during that period. Over a period of past 1-month, stock came adding 31.65% in its value.

With its current market valuation of $11.04 million. Analysts are in estimates of 0 per share for company’s earnings in the current quarter and are expecting its annual EPS growth moving up to 0 for current year with estimates of that growing to 0 in next year.

In contrast, when we review GRTX stock’s current outlook then short term indicators are assigning it an average of 50% Sell, while medium term indicators are categorizing the stock at an average of Hold. Long term indicators are suggesting an average of Hold for it.

Digging deeper we become aware of the PEG ratio of the GRTX stock which is currently positioned at 0. It further provides that stock’s current price level is 14.63% away from its 20-day simple moving average and is 2.13% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 56.25 while volatility remained at 12.82% over the past week which changes to 11.59% when measuring it over the past month. Beta is valued at 2.02, while measure of average true range or ATR is currently at 0.02.

Having a second look at Galera Therapeutics Inc (NASDAQ:GRTX) provides that stock’s average daily trading volume for 3 months was 2.04 million. Number of outstanding shares of the stock stood at 54.39 million.

The percentage of outstanding shares held by the insiders is 25.03% while it is 15.25% for the institutional holders. Addition of 39.61% by stock’s current price to its year-to-date value in today’s trading is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.

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