Galectin Therapeutics, Inc. (GALT) Stock: A Biotechnology Stock That’s Making Its Way For The Bottom

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Galectin Therapeutics, Inc. (GALT) is making a move down in the market today. The stock, one that is focused on the biotechnology space, is currently trading at $3.02 after falling -5.33% so far in today’s session. As it relates to biotech stocks, there are a number of factors that have the potential to cause movement in the market. One of the most common is news. Here are the recent stories associated with GALT:

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Aug-09-19 08:00AM Galectin Therapeutics Reports Q2 2019 Financial Results and Provides Business Update
Aug-07-19 11:20AM Bausch (BHC) Misses on Q2 Earnings & Sales, Raises View
11:15AM Endo (ENDP) Q2 Earnings & Revenues Beat Estimates, Down Y/Y
Aug-06-19 10:51AM Zoetis (ZTS) Beats on Earnings in Q2, Lifts 2019 Guidance
Aug-05-19 08:05AM Galectin Therapeutics Submits Phase 3 NASH-RX Protocol in Nash Cirrhosis to FDA

Nonetheless, any time investors are making a decision to invest, prospective investors should look into far more than just news, this is especially the case in the highly speculative biotech space. Here’s what’s happing when it comes to Galectin Therapeutics, Inc..

Recent Movement Out of GALT

While a decline in a single session, like the fall that we’re seeing from Galectin Therapeutics, Inc. may make some investors tremble, a single session move alone should not be the basis of a decision to, or not to, invest in a company. It is always a good idea to look at trends for a period longer than a single trading session. In the case of GALT, here are the returns that we have seen:

  • Past Seven Days – Over the last seven days, GALT has produced a change in price that amounts to -11.18%.
  • Monthly – The return from Galectin Therapeutics, Inc. over the last 30 days has been -18.60%.
  • Quarterly – In the last 3 months, the stock has produced a ROI that works out to -25.06%
  • Bi-Annually – Over the past six months, we have seen a change that works out to -46.26% from the stock.
  • YTD – Since the close of last year GALT has resulted in a return on investment of -11.95%.
  • Full Year – Finally, in the last full year, we’ve seen performance that works out to -34.91% from GALT. In this period, the stock has sold at a high price of -56.73% and a low price of -4.43%.

Key Ratios

Digging into various key ratios associated with a company can give traders a view of how dangerous and/or rewarding a stock pick may be. Below are a few of the important ratios to consider when looking at GALT.

Short Ratio – The short ratio is a measure of short interest. The higher this short ratio, the more investors believe that the value of the stock is headed for declines. In general, biotech stocks tend to come with a higher short ratio. However, we tend to see a lot of short squeezes in the space. Nonetheless, in regard to Galectin Therapeutics, Inc., the stock’s short ratio comes to 11.47.

Quick & Current Ratios – The quick and current ratios are tools that are used to get an idea of the company’s liquidity. Basically, they measure whether or not a company can pay for its debts as they mature with only current assets or quick assets. Because many biotech companies rely heavily on the continuation of investor support, the current and quick ratios can seem damning. However, quite a few gems in the biotechnology space come with positive quick and current ratios. As it relates to GALT, the quick and current ratios total up to 8.30 and 8.30 respectively.  

Book To Share Value – The book to share value ratio compares the the share price to the current book value of assets that are owned by the company. In this particular case, that ratio is 0.10.

Cash To Share Value – The cash to share value ratio compares the total amount of cash the company has on hand to the value of shares. Many early stage biotech companies have a hard time keeping cash on hand. So, when investing in the biotechnology sector, this is an important ratio to consider. In this case, the cash to share value works out to 0.13.

Analyst Opinions With Regard To Galectin Therapeutics, Inc.

Although it’s not a good idea to avoid doing your due diligence and blindly following the thoughts of analysts, it is a good idea to consider their thoughts to validate your own due diligence when it comes to making an investment decision in the biotech space. Here are the most recent moves that we’ve seen from analysts with regard to GALT.

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Feb-13-19 Initiated B. Riley FBR Buy $11
Dec-07-17 Reiterated H.C. Wainwright Buy $6 → $10
Nov-28-17 Reiterated H.C. Wainwright Buy $3.50 → $6
Oct-19-17 Initiated ROTH Capital Buy
Mar-30-17 Upgrade H.C. Wainwright Neutral → Buy $3.50

Show Me The Big Money

Humans that are into investing seem to be infatuated with the term “Smart money follows big money.” It makes sense. Big money became big money by making smart decisions in the market. So, by following the moves of big money institutions and insiders, we can get a glimpse of what market pros think about a stock. When it comes to big money interest in GALT, here’s what we’re seeing:

Institutions own 15.60% of the company. Institutional interest has moved by 22.60% over the past three months. When it comes to insiders, those who are close to the company currently own 14.20% percent of GALT shares. Institutions have seen ownership changes of an accumulative 149.38% over the last three months.

A Look At Share Counts

Traders seem to like to know the counts of shares both outstanding and available. When it comes to Galectin Therapeutics, Inc., there are currently 55.47M and there is a float of 40.55M. These numbers mean that out of the total of 55.47M shares of GALT in existence today, 40.55M are available to trade hands in the public realm.

Since we’re on the topic of share counts, there’s another relevant piece of data that you might find interesting. That would be the short percentage of the float. Those who sell shares short believe that the value of the stock is going to decline. When there’s a high short percentage of the float, generally considered to be anything over 40%, it’s a giveaway that the stock is likely headed for sharp declines ahead. Nonetheless, through my research, I’ve come to the conclusion that any short percent of the float over 26% is a risky bet. When it comes to GALT, the short percent of the float is 9.76%.

Financial Results And Expectations

At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $-0.46. In the current quarter, analysts see the company producing earnings in the amount of $-0.13. Over the last 5 years, GALT has generated revenue in the amount of $0 with earnings coming in at 21.70%. On a quarter over quarter basis, earnings have seen movement of -65.90% and revenue has seen movement of 0.

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