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FY2029 Earnings Estimate for GALT Issued By HC Wainwright

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Galectin Therapeutics Inc. (NASDAQ:GALT - Free Report) - Analysts at HC Wainwright issued their FY2029 earnings estimates for Galectin Therapeutics in a research note issued to investors on Wednesday, April 2nd. HC Wainwright analyst E. Arce forecasts that the company will earn ($0.91) per share for the year. HC Wainwright has a "Neutral" rating on the stock. The consensus estimate for Galectin Therapeutics' current full-year earnings is ($0.73) per share.

Galectin Therapeutics (NASDAQ:GALT - Get Free Report) last posted its earnings results on Monday, March 31st. The company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.16) by ($0.03).

Separately, StockNews.com lowered shares of Galectin Therapeutics from a "hold" rating to a "sell" rating in a report on Monday, December 30th.

Read Our Latest Research Report on GALT

Galectin Therapeutics Stock Performance

GALT stock traded up $0.01 during mid-day trading on Friday, hitting $1.33. 296,924 shares of the company were exchanged, compared to its average volume of 323,557. Galectin Therapeutics has a 1-year low of $0.73 and a 1-year high of $4.27. The firm's 50 day simple moving average is $1.46 and its 200 day simple moving average is $1.92. The firm has a market cap of $83.71 million, a P/E ratio of -1.82 and a beta of 0.79.

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Institutional Trading of Galectin Therapeutics

A number of institutional investors have recently made changes to their positions in GALT. PNC Financial Services Group Inc. acquired a new stake in Galectin Therapeutics in the 4th quarter valued at $26,000. Inspire Advisors LLC grew its stake in Galectin Therapeutics by 86.3% in the fourth quarter. Inspire Advisors LLC now owns 21,095 shares of the company's stock valued at $27,000 after purchasing an additional 9,772 shares in the last quarter. HighTower Advisors LLC bought a new stake in shares of Galectin Therapeutics during the 4th quarter worth approximately $29,000. Two Sigma Securities LLC acquired a new stake in shares of Galectin Therapeutics in the 4th quarter valued at approximately $37,000. Finally, Bank of America Corp DE grew its stake in shares of Galectin Therapeutics by 101.4% in the fourth quarter. Bank of America Corp DE now owns 38,358 shares of the company's stock valued at $49,000 after buying an additional 19,316 shares in the last quarter. Institutional investors own 11.68% of the company's stock.

About Galectin Therapeutics

(Get Free Report)

Galectin Therapeutics Inc, a clinical stage biopharmaceutical company, engages in the research and development of therapies for fibrotic, cancer, and other diseases. Its lead product candidate is belapectin (GR-MD-02) galectin-3 inhibitor, that is in Phase 2b/3 clinical trial, to prevent esophageal varices in patient with non-alcoholic steatohepatitis (NASH) cirrhosis; and Phase 2 clinical trial for the treatment of liver fibrosis, as well as severe skin disease, and melanoma and head and neck squamous cell carcinoma.

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Earnings History and Estimates for Galectin Therapeutics (NASDAQ:GALT)

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