Galera Therapeutics Inc (NASDAQ:GRTX) saw a downside of -2.20% to close Monday at $0.17 after subtracting -$0.01 on the day. The 5-day average trading volume is 10,106,240 shares of the company’s common stock. It has gained $0.2340 in the past week and touched a new high 1 time within the past 5 days. An average of 3,647,285 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 4,034,930.
GRTX’s 1-month performance is -19.77% or -$0.0443 on its low of $0.1653 reached on 09/25/23. The company’s shares have touched a 52-week low of $0.17 and high of $3.59, with the stock’s rally to the 52-week high happening on 06/13/23. YTD, GRTX has lost -88.37% or -$1.3167 and has reached a new high 15 times. However, the current price is down -95.17% from the 52-week high price.
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Valuation Metrics
GRTX stock has a beta of 1.93.
Galera Therapeutics Inc’s quick ratio for the period ended June 29 was 3.08, with the current ratio over the same period at 3.08. 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 25 September was 19.33% to suggest the stock is trending oversold, with historical volatility in this time period at 73.27%.
The stock’s 5-day moving average is $0.1840, reflecting a -9.12% or -$0.0174 change from its current price. GRTX is currently trading -20.36% above its 20-day SMA, -94.48% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -93.70% and SMA200 by-89.75%.
Stochastic %K and %D was 7.08% and 9.95% and the average true range (ATR) pointed at 0.0261. The RSI (14) points at 18.20%, while the 14-day stochastic is at 11.64% with the period’s ATR at 0.0478. The stock’s 9-day MACD Oscillator is pointing at -0.0128 and -0.0175 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 $0.25 and a high of $0.50, with their median price target at $0.30. Looking at these predictions, the average price target given by analysts is for Galera Therapeutics Inc (GRTX) stock is $0.35.
