Media headlines about Galectin Therapeutics (NASDAQ:GALT) have trended positive on Saturday, according to Alpha One. Alpha One, a division of Accern, rates the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Alpha One ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Galectin Therapeutics earned a news impact score of 0.27 on Alpha One’s scale. Alpha One also assigned media headlines about the company an impact score of 42 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the news stories that may have effected Alpha One Sentiment Analysis’s scoring:
- Galectin Therapeutics’ (GALT) NASH CX Trial Should Continue, Says Independent Data Safety Monitoring Board (streetinsider.com)
- Shares at a Glance: Technical Update on Galectin Therapeutics Inc (GALT) – Bulletin News (orobulletin.com)
- Galectin Therapeutics’ (GALT) NASH CX Trial Should Continue … – StreetInsider.com (streetinsider.com)
- BRIEF-Galectin Therapeutics updates on completion of Nash Cx trial (reuters.com)
- Galectin Therapeutics Announces Important Milestones towards Completion of NASH CX Trial (finance.yahoo.com)
Shares of Galectin Therapeutics (NASDAQ GALT) traded down 5.62% during mid-day trading on Friday, reaching $2.35. 299,689 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $2.59 and its 200-day moving average price is $1.87. The stock’s market cap is $81.47 million. Galectin Therapeutics has a 12-month low of $0.49 and a 12-month high of $3.68.
Galectin Therapeutics (NASDAQ:GALT) last announced its quarterly earnings results on Monday, May 15th. The company reported ($0.15) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.01. Equities research analysts forecast that Galectin Therapeutics will post ($0.50) earnings per share for the current year.
A number of research firms recently weighed in on GALT. Zacks Investment Research raised shares of Galectin Therapeutics from a “hold” rating to a “buy” rating and set a $2.75 price target on the stock in a research report on Tuesday. FBR & Co reaffirmed a “market perform” rating and issued a $2.00 price objective on shares of Galectin Therapeutics in a research report on Monday, April 3rd. Finally, HC Wainwright raised shares of Galectin Therapeutics from a “neutral” rating to a “buy” rating and set a $3.50 price objective on the stock in a research report on Thursday, March 30th.
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Galectin Therapeutics Company Profile
Galectin Therapeutics Inc is a clinical-stage biopharmaceutical company engaged in drug research and development to create therapies for fibrotic disease and cancer. The Company’s drug candidates are based on its method of targeting galectin proteins, which are mediators of biologic and pathologic functions.
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