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Galmed Pharmaceuticals Ltd. (GLMD)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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2.5900-0.0600 (-2.26%)
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Bollinger Bands

Previous Close2.6500
Open2.5400
Bid2.5500 x 4000
Ask2.5800 x 1100
Day's Range2.5100 - 2.7000
52 Week Range2.2500 - 6.2900
Volume360,907
Avg. Volume433,640
Market Cap64.967M
Beta (5Y Monthly)2.16
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
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  • Galmed Dips 2% On Larger-Than-Expected Quarterly Loss
    SmarterAnalyst

    Galmed Dips 2% On Larger-Than-Expected Quarterly Loss

    Galmed Pharmaceuticals declined 2% to close at $3.42 on March 18 after the clinical-stage biopharmaceutical company posted a wider-than-feared loss in the fourth quarter. Galmed (GLMD) incurred a loss of $0.48 per share in 4Q, compared to the $0.36 loss per share estimated by analysts. The company reported a loss of $0.39 per share in the prior-year quarter. Research and development expenses grew 21.6% year-over-year to $9 million driven by clinical trial costs. General and administrative expenses remained flat at $1.3 million. (See Galmed stock analysis on TipRanks) Earlier this week, Galmed announced the treatment of the first subject in the First-in-Human Phase I clinical trial evaluating Amilo-5MER, designed for the treatment of chronic inflammatory diseases. Following the 4Q results, Raymond James analyst Steven Seedhouse decreased the stock’s price target to $14 (309.4% upside potential) from $17 and maintained a Buy rating. According to Seedhouse, “Most incremental in today’s update is that Galmed initiated their Phase 1a study evaluating Amilo-5mer in IBD with topline data expected in 2H21.” The consensus rating among analysts is a Strong Buy based on 4 unanimous Buys. The average analyst price target stands at $17.25 and implies upside potential of 404% to current levels over the next 12 months. Related News: Signet Jewelers’ Sales Outlook Tops Estimates After 4Q Beat; Shares Jump Pre-Market Smartsheet Posts Better-Than-Feared Quarterly Loss, Sales Outperform Jabil’s Sales Guidance Tops Estimates After 2Q Beat; Shares Jump Pre-Market More recent articles from Smarter Analyst: Friday’s Pre-Market: Here’s What You Need To Know Before The Market Opens Petco’s Quarterly Results Outperform As Digital Sales Boom; Street Sees Over 31% Upside FedEx Posts Better-Than-Expected 3Q Results As Sales Outperform; Shares Gain 4.4% Preferred Bank Bumps Up Quarterly Dividend By 26.7%

  • These 2 Penny Stocks Could Rack up Triple-Digit Gains, Say Analysts
    TipRanks

    These 2 Penny Stocks Could Rack up Triple-Digit Gains, Say Analysts

    Is a pause to the stock market’s continued surge finally in the cards? The talk has turned to rising interest rates and the specter of inflation against the backdrop of growth powered by Covid fiscal stimulus. However, strategists say there’s no need to get alarmist just yet. According to Goldman Sachs equity strategist, Ryan Hammond, the stock market bull may stick with us for a while. Hammond notes that interest rates remain low, and sees this as the key factor. “Given the historically low level of interest rates, we expect interest rates are still well below levels that would be thought of as a ‘tipping point’ for equities,” Hammond opined. Casting his gaze at the broader markets, Hammond points out that since 2012, the S&P 500 performance has consistently been positively correlated with inflation bets. “Improving growth expectations often correspond with higher breakeven inflation, rising earnings expectations, and improving investor sentiment, which more than offset the higher discount rate,” Hammond wrote, backing his belief that inflation fears should remain low. With rates and inflation low, this makes the stock market the go-to place for investors seeking higher returns. And within the stock market, penny stocks are sure to attract attention. These names trading for under $5 per share are considered to be some of the most controversial on the Street, and divide market watchers into two factions: critics and fans. The former brings a valid argument to the table. Stocks don’t just end up trading at such low levels; typically, there’s a very real reason for their bargain price tags. As for the latter, the potential for an investment worth only pocket change to appreciate even a seemingly insignificant amount, the result of which could be massive percentage gains, is too enticing to ignore. The implication for investors? Due diligence is essential, as some penny stocks might not have what it takes to climb their way back up. Using TipRanks’ database, we pinpointed two compelling penny stocks, as determined by Wall Street pros. Each has earned a “Strong Buy” consensus rating from the analyst community and brings massive growth prospects to the table. We’re talking about triple-digit upside potential here. Checkpoint Therapeutics (CKPT) We will start with Checkpoint Therapeutics, a biopharmaceutical company that works in the oncology field. Checkpoint acquires, develops, and commercializes immune-enhanced combination treatments for solid tumor cancers. Checkpoint has two leading drug candidates, CK-101 and CK-301. CK-101, known as cosibelimab, is a small-molecule targeted anti-cancer agent, currently undergoing a Phase 1/2 clinical study for the treatment of specific non-small cell lung cancer (NSCLC). The drug candidate targets cancers susceptible to the EGFR mutation, making it applicable to approximately 20% of NSCLC patients. The drug has shown promise compared to traditional chemotherapy treatments. Further studies will test CK-101 against tumor progression due to resistance mutations. The second candidate, CK-301, is an antibody drug currently in a Phase 1 clinical trial focused on patients with selected recurrent or metastatic cancers. The selected cancers include NSCLC, as well as metastatic melanoma, renal cell carcinoma, head and neck cancer, and urothelial carcinoma. All of these cancers are responsive to the therapeutic action of CK-301, an anti-tumor response due to blocking the PD-1/PD-L1 interaction. CK-301 has shown a 44% objective response rate in treated patients during the Phase 1 study, along with a 10.3-month median progression-free survival rate, when compared to currently available approved treatments. Based on these results, the company is continuing its clinical phase program, including an early registration of patients for a Phase 3 study. Among the fans is Cantor analyst Jennifer Kim who writes, “We think the risk-reward is favorable heading into the full, reg-enabling Phase 1 readout for cosibelimab in metastatic CSCC in 2H21. We view this as the key near term focus for CKPT. We expect a positive readout based on what we have viewed as strong interim data that have recently been presented for cosibelimab (SITC 2020, ESMO 2020).” The analyst added “The potential peak sales opportunity for cosibelimab is underappreciated, in our view, and we expect upwards earnings estimate revisions to drive CKPT shares higher.” In line with her upbeat outlook on the cosibelimab potential, Kim rates CKPT shares an Overweight (i.e., Buy), and her $16 price target indicates confidence in a 331% upside potential for the stock. (To watch Kim’s track record, click here) Turning now to the rest of the Street, other analysts are on the same page. With only Buys assigned in the last three months, 3 to be exact, the word on the Street is that CKPT is a Strong Buy. Additionally, the $17.67 average price target brings the upside potential to 365%. (See CKPT stock analysis on TipRanks) Galmed Pharmaceuticals (GLMD) Next up we have Galmed Pharmaceuticals, a clinical-stage biotech specializing in liver, metabolic and inflammatory diseases. The company’s lead candidate is aramchol, a liver targeted SCD‑1 modulator, designated for the treatment of non-alcoholic steatohepatitis (NASH), for which aramchol has been given Fast Track Designation status by the FDA. NASH is a fatty liver disease, closely correlated to obesity, for which there are currently no targeted drugs available. Due to the growing obesity rates, the market for NASH medications is expected to grow significantly over the next few years, with some estimating it could be worth $35 billion. Whoever brings a solution into play stands to cash in handsomely. Aramchol has completed Phase 2a and Phase 2b trials and is currently in Phase 3. However, the enrollment for the study was recently temporarily halted; Aramchol meglumine - an NCE (new chemical entity) with extended IP compared to aramchol, and which the company is switching to - is earmarked to take aramchol’s place in the ongoing Phase 3 ARMOR study. In Q2, Galmed expects to sit down with the FDA to discuss substituting aramchol meglumine for aramchol, and file the IND in 1H21. Raymond James analyst Steven Seedhouse thinks the company has been playing its cards right. “Of course, delaying Phase 3 by one year in a competitive NASH field is suboptimal but given all NASH trials are being delayed by COVID anyway, we think Galmed made the right decision to transition to aramchol meglumine now. At this point, FDA go-ahead remains the most important catalyst in 2021, followed by 24- week open label data from the first cohort,” the 5-star analyst opined. Galmed has also recently added a new candidate to the pipeline called Amilo-5MER, a 5 amino acid peptide that inhibits Serum Amyloid A (SAA) polymerization and aggregation. The company believes that Amilo-5MER could potentially play a role in numerous indications, such as inflammatory bowel disease, rheumatoid arthritis, and COVID-19. “Preclinical data presented by Galmed show good activity in IBD and RA mouse models… This adds an interesting new value driver for Galmed beyond NASH, which is ongoing,” Seedhouse added. To this end, Seedhouse rates GLMD an Outperform (i.e. Buy) along with a $17 price target. Should his thesis play out, a twelve-month gain of 270% could potentially be in the cards. (To watch Seedhouse’ track record, click here) Wall Street analysts are firmly on Galmed’s side; The stock’s Strong Buy consensus rating is based on Buys only - 4, in total. Like Seedhouse, other analysts are anticipating big returns; At $19, the average price target implies gains of 314% in the year ahead. (See GLMD stock analysis on TipRanks) To find good ideas for penny stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights. Disclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.

  • Are Institutions Heavily Invested In Galmed Pharmaceuticals Ltd.'s (NASDAQ:GLMD) Shares?
    Simply Wall St.

    Are Institutions Heavily Invested In Galmed Pharmaceuticals Ltd.'s (NASDAQ:GLMD) Shares?

    If you want to know who really controls Galmed Pharmaceuticals Ltd. ( NASDAQ:GLMD ), then you'll have to look at the...