Brokerages Expect Galena Biopharma, Inc. (GALE) Will Post Earnings of -$0.15 Per Share
Equities research analysts forecast that Galena Biopharma, Inc. (NASDAQ:GALE) will announce earnings per share (EPS) of ($0.15) for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have provided estimates for Galena Biopharma’s earnings. Galena Biopharma posted earnings of ($0.58) per share in the same quarter last year, which would suggest a positive year over year growth rate of 74.1%. The firm is expected to report its next earnings report on Wednesday, March 21st.
According to Zacks, analysts expect that Galena Biopharma will report full-year earnings of ($0.59) per share for the current year. For the next financial year, analysts forecast that the firm will report earnings of ($0.84) per share. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover Galena Biopharma.
Large investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC purchased a new stake in shares of Galena Biopharma in the 1st quarter valued at about $976,000. Vanguard Group Inc. lifted its holdings in shares of Galena Biopharma by 1.0% in the 2nd quarter. Vanguard Group Inc. now owns 1,332,434 shares of the biotechnology company’s stock valued at $774,000 after purchasing an additional 13,302 shares during the last quarter. Virtu KCG Holdings LLC lifted its holdings in shares of Galena Biopharma by 677.4% in the 2nd quarter. Virtu KCG Holdings LLC now owns 224,050 shares of the biotechnology company’s stock valued at $130,000 after purchasing an additional 195,230 shares during the last quarter. Finally, Vaughan David Investments Inc. IL lifted its holdings in shares of Galena Biopharma by 6,545.7% in the 3rd quarter. Vaughan David Investments Inc. IL now owns 864,076 shares of the biotechnology company’s stock valued at $20,893,000 after purchasing an additional 851,074 shares during the last quarter. 19.00% of the stock is owned by institutional investors and hedge funds.
Galena Biopharma (NASDAQ:GALE) remained flat at $$0.28 during trading hours on Thursday. The stock had a trading volume of 613,600 shares, compared to its average volume of 1,067,737. Galena Biopharma has a fifty-two week low of $0.26 and a fifty-two week high of $3.60.
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About Galena Biopharma
Galena Biopharma, Inc is a biopharmaceutical company. The Company focuses on developing and commercializing targeted oncology therapeutics that address unmet medical needs. The Company’s development portfolio ranges from mid- to late-stage clinical assets, including cancer immunotherapy program led by NeuVax (nelipepimut-S), GALE-301 and GALE-302.
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