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Galera Therapeutics Inc. (GRTX) Is A Buy Stock For Small Caps – Analysts

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Galera Therapeutics Inc. (NASDAQ:GRTX) has seen 1.29 million shares traded in the last trading session. The company, currently valued at $96.49M, closed the last trade at $3.43 per share which meant it lost -$0.22 on the day or -6.03% during that session. The GRTX stock price is -278.72% off its 52-week high price of $12.99 and 65.31% above the 52-week low of $1.19. If we look at the company’s 10-day average daily trading volume, we find that it stood at 4.08 million shares traded. The 3-month trading volume is 12.61 million shares.

The consensus among analysts is that Galera Therapeutics Inc. (GRTX) is an Overweight stock at the moment, with a recommendation rating of 1.70. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 1 out of 4 have rated it as a Hold, with 3 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -$0.75.

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Sporting -6.03% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on Friday, 01/07/22 when the GRTX stock price touched $3.43 or saw a rise of 26.24%. Year-to-date, Galera Therapeutics Inc. shares have moved -25.27%, while the 5-day performance has seen it change -25.27%. Over the past 30 days, the shares of Galera Therapeutics Inc. (NASDAQ:GRTX) have changed 139.86%. Short interest in the company has seen 0.61 million shares shorted with days to cover at 0.03.

Wall Street analysts have a consensus price target for the stock at $12.25, which means that the shares’ value could jump 72.0% from current levels. The projected low price target is $4.00 while the price target rests at a high of $20.00. In that case, then, we find that the current price level is -483.09% off the targeted high while a plunge would see the stock gain -16.62% from current levels.

Galera Therapeutics Inc. (GRTX) estimates and forecasts

Figures show that Galera Therapeutics Inc. shares have underperformed across the wider relevant industry. The company’s shares have lost -66.83% over the past 6 months, with this year growth rate of -8.72%, compared to 7.80% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2022 fiscal year revenue. Growth estimates for the current quarter are 6.30% and 1.30% for the next quarter.

Earnings growth for 2022 is a modest -25.30% while over the next 5 years, the company’s earnings are expected to increase by 18.40%.

GRTX Dividends

Galera Therapeutics Inc. is expected to release its next earnings report between March 09 and March 14 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

Galera Therapeutics Inc. (NASDAQ:GRTX)’s Major holders

Insiders own 13.12% of the company shares, while shares held by institutions stand at 67.30% with a share float percentage of 77.46%. Investors are also buoyed by the number of investors in a company, with Galera Therapeutics Inc. having a total of 53 institutions that hold shares in the company. The top two institutional holders are NEA Management Company, LLC with over 4.36 million shares worth more than $35.34 million. As of Sep 29, 2021, NEA Management Company, LLC held 16.50% of shares outstanding.

The other major institutional holder is Sofinnova Investments, Inc., with the holding of over 3.08 million shares as of Sep 29, 2021. The firm’s total holdings are worth over $24.98 million and represent 11.66% of shares outstanding.

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Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Tekla Healthcare Opportunities Fund. As of Sep 29, 2021, the former fund manager holds about 1.24% shares in the company for having 0.33 million shares of worth $2.66 million while later fund manager owns 0.31 million shares of worth $2.55 million as of Sep 29, 2021, which makes it owner of about 1.19% of company’s outstanding stock.