GlycoMimetics Inc (NASDAQ:GLYC) traded at $0.28 at last check on Wednesday, May 22, made an upward move of 3.34% on its previous day’s price.
Looking at the stock we see that its previous close was $0.28. In terms of its 52-week price range, GLYC has a high of $3.53 and a low of $0.26. The company’s stock has lost about -84.49% over that past 30 days.
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GlycoMimetics Inc has a market cap of $18.35 million. Estimates by analysts give the company expected earnings per share (EPS) of -$0.16, with the EPS growth for the year raised at -$0.62 for 2024 and -$0.5 for next year. These figures represent -6.90% and 19.40% growth in EPS for the two years respectively.
There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the GLYC stock, short term indicators assign the stock an average of 100% Sell, while medium term indicators assign it an average of 100% Sell. Long term indicators on average place the stock in the category of 50% Sell.
Looking further, we note the current price level is -66.83% off its SMA20 and -85.05% from its 50-day simple moving average. The RSI (14) is pointing at 22.16 while the volatility over the past week is 7.24% and jumps to 11.51% over the past one month. The beta value is 2.09, while the average true range (ATR) is currently pointing at 0.14.
Coming back to GlycoMimetics Inc (NASDAQ:GLYC), we note that the average 3-month trading volume was 1.57 million. Current shares outstanding are 64.39 million.
The insiders hold 6.61% of the company’s shares while institutions hold 51.46%. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -87.94% down in year-to-date price movement.
