Galera Therapeutics Inc. (NASDAQ:GRTX) saw an upside of 1.45% to close Monday at $0.22 after subtracting $0.0 on the day. The 5-day average trading volume is 4,193,180 shares of the company’s common stock. It has gained $0.3006 in the past week and touched a new high 1 time within the past 5 days. An average of 5,797,510 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,786,408.
GRTX’s 1-month performance is -91.81% or -$2.5155 on its low of $0.2163 reached on 08/18/23. The company’s shares have touched a 52-week low of $0.22 and high of $3.59, with the stock’s rally to the 52-week high happening on 06/13/23. YTD, GRTX has lost -84.93% or -$1.2655 and has reached a new high 15 times. However, the current price is down -93.75% from the 52-week high price.
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Valuation Metrics
GRTX stock has a beta of 2.06.
Galera Therapeutics Inc.’s quick ratio for the period ended June 29 was 3.10, with the current ratio over the same period at 3.10. The firm’s gross profit as reported stood at $11.57 million against revenue of $51.23 million.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 29.7% to -$20.71 million, while revenue of -$17.71 million was 14.49% off the previous quarter. Analysts expected GRTX to announce -$0.38 per share in earnings in its latest quarter, but it posted -$0.48, representing a -26.30% surprise. EBITDA for the quarter stood at more than -$16.8 million. GRTX stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 163.28 million, with total debt at $149.58 million. Shareholders hold equity totaling $43.93 million.
Let’s look briefly at Galera Therapeutics Inc. (GRTX) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 21 August was 11.79% to suggest the stock is trending oversold, with historical volatility in this time period at 866.60%.
The stock’s 5-day moving average is $0.2397, reflecting a -25.17% or -$0.0755 change from its current price. GRTX is currently trading -91.30% above its 20-day SMA, -91.40% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -92.54% and SMA200 by-84.62%.
Stochastic %K and %D was 0.20% and 0.22% and the average true range (ATR) pointed at 0.1937. The RSI (14) points at 15.70%, while the 14-day stochastic is at 0.38% with the period’s ATR at 0.2085. The stock’s 9-day MACD Oscillator is pointing at -0.2652 and -0.8684 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Galera Therapeutics Inc. (NASDAQ: GRTX), Piper Sandler downgraded it to a Neutral rating. They previously had an Overweight rating on the stock. Analysts offering their rating for GRTX stock have a consensus rating for the stock as Hold. Currently, 0 brokerage advisors rate GRTX as a “sell,”, while 3 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 0 have offered a “buy” rating.
What is GRTX’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $0.30 and a high of $0.50, with their median price target at $0.40. Looking at these predictions, the average price target given by analysts is for Galera Therapeutics Inc. (GRTX) stock is $0.40.
