Galectin Therapeutics (NASDAQ:GALT) Earning Somewhat Favorable Press Coverage, Accern Reports
Media stories about Galectin Therapeutics (NASDAQ:GALT) have been trending somewhat positive recently, according to Accern. The research firm identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real-time. Accern 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 0.09 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 77 out of 100, indicating that recent media coverage is likely to have an impact on the stock’s share price in the next few days.
A number of research analysts have weighed in on the stock. FBR & Co reaffirmed a “market perform” rating and issued a $2.00 price target on shares of Galectin Therapeutics in a research note on Monday, April 3rd. HC Wainwright raised shares of Galectin Therapeutics from a “neutral” rating to a “buy” rating and set a $3.50 price target on the stock in a research note on Thursday, March 30th. Finally, 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 note on Tuesday, June 13th.
Galectin Therapeutics (GALT) traded down 0.84% during mid-day trading on Friday, hitting $2.37. 31,328 shares of the stock were exchanged. The stock has a 50 day moving average price of $2.45 and a 200 day moving average price of $1.97. Galectin Therapeutics has a 1-year low of $0.49 and a 1-year high of $3.68. The company’s market capitalization is $82.17 million.
Galectin Therapeutics (NASDAQ:GALT) last issued its earnings results on Monday, May 15th. The company reported ($0.15) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.01. On average, equities analysts anticipate that Galectin Therapeutics will post ($0.50) earnings per share for the current fiscal year.
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About Galectin Therapeutics
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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