How to Buy Galecto Stock
Galecto Inc
Galecto, Inc. , a clinical-stage biotechnology company, develops molecules for the treatment of fibrosis, cancer, inflammation, and other related diseases.
Galecto stock last closed at $0.72, up 6.82% from the previous day, and has decreased 65.05% in one year. It has underperformed other stocks in the Biotechnology industry by 0.39 percentage points. Galecto stock is currently +44% from its 52-week low of $0.50, and -80.54% from its 52-week high of $3.70.
At the moment, there are 27.11M GLTO shares outstanding. The market value of GLTO is $19.52M. In the past 24 hours, 107,127 GLTO shares were traded.
How to Buy Galecto Stock
Not sure how to invest in Galecto stock? Here's how.
- Decide where to buy Galecto stock: You need to decide on a stock brokerage, but don't worry - we've tested dozens of online stock brokerages and apps to help you choose where to buy Galecto stock.
- Open a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Deposit funds into your brokerage account: Select your method of payment and add your information.
- Analyze Galecto stock: The Galecto ticker symbol is GLTO. Is Galecto stock a good investment? Should you buy shares of GLTO? How do GLTO's underlying business fundamentals look? Do top analysts think Galecto is a good buy? Why has GLTO's stock price moved recently? (Hint: Our stock market research tools can help you figure out if GLTO is a good stock to buy).
- Place your GLTO buy order: Decide if you will purchase GLTO shares at the current market price or use a limit order to purchase GLTO stock at a particular price.
- Get the latest news on your investment in GLTO: Create a watchlist to important updates regarding your position in Galecto stock.
Step 1: Decide where to buy Galecto stock
You need an online brokerage account to access the NASDAQ market and buy GLTO stock.
Our preferred brokerage: eToro
Based on our experience, eToro is the best place to buy stocks. Here's why:
- Invest in stocks with zero commissions: Invest without commissions.
- Buy fractional shares: Even if you don't have the money to buy a full share, you can still buy the stock.
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- Social investing: eToro has a community of more than 20 million users worldwide. Talk to, learn from, and copy the crypto trades of other investors.
- Security: eToro is a regulated and licensed brokerage platform.
- Buy other assets: Such as ETFs and cryptos.
Get $10 towards your share purchase by signing up for an account with eToro today.
Open eToro AccountStep 2: Open a brokerage account
Now that you've chosen your brokerage, you need to fill out some personal information so you are able to invest in GLTO stock today.
How to Set Up a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal details to create a new trading account.
- Send your information by clicking the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your brokerage account
Now that you have opened your account on a investment app, you need to deposit funds:
Watch the video below if you need help transferring funds into your new investment account.
Step 4: Analyze Galecto stock
Once you have figured out the best place to buy Galecto stock, it's important to evaluate their stock prior to investing, so you can comprehend the risk and upside.
Overview of key GLTO info
Galecto Fundamentals
WallStreetZen was designed to help everyday investors do more in-depth fundamental analysis.
You can see all of the due diligence checks on GLTO's stock page.
Is GLTO stock undervalued?
Investors use many financial metrics, analyses, models, and charts to gauge GLTO's true value.
Using relative valuations ratios:
- GLTO could be undervalued based on its P/B ratio of 0.6x, relative to Biotechnology industry P/B ratio of 5.76x
You can access more valuation analysis on GLTO's stock here.
GLTO Financial Summary
Positive Financial Indicators:
- There are more short-term assets than short-term liabilities on the GLTO balance sheet.
- GLTO has a low debt to equity ratio of 0.18.
- There are more short-term assets than long-term liabilities on the GLTO balance sheet.
- GLTO has $33.15M in cash and short term investments. This is sufficient to cover its annual cash burn of $36.83M.
- Total GLTO debt is lower than 5 years ago, relative to shareholder equity.
Negative Financial Indicators:
- GLTO has cash burn of 36828000. It does not have sufficient cash and short-term investments to cover this.
You can dig deeper into what analysts are saying on the Galecto stock forecast page.
Metrics for Advanced GLTO Traders
Latest Insiders Trades at GLTO
Over the last 12 months, executives and large shareholders at GLTO have sold more shares than they have bought.
Orbimed Advisors LLC, 10% Owner of GLTO, was the latest GLTO insider to sell. They sold $186,614.25 worth of GLTO stock on Aug 15, 2023.
Get more info about who owns GLTO stock here.
Does GLTO provide a stable income stream?
No, Galecto doesn't provide an income stream by paying out dividends.
What others are saying about GLTO
One of the primary reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to find out what other investors have to say.
Step 5: Place your GLTO buy order
You have two main order types:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are mostly sufficient. - Limit order: A limit order enables you to buy or sell a security at a specific price (or better).
If you want to be certain you're buying or selling at a particular price, place a limit order.
Hit the Open button and eToro will execute the order.
If you want more assistance buying stocks on eToro, watch the helpful video below:
Step 6: Get the latest news on your investment in GLTO
Now that you own some GLTO shares, you'll want to keep up with your new company.
Add GLTO to a watchlist to keep tabs on your GLTO stock.
GLTO Feed
How to Buy Stock in Galecto
To summarize, here are the 6 steps you need to take to buy Galecto stock right now:
- Decide where to buy Galecto stock
- Open a brokerage account
- Deposit funds into your brokerage account
- Analyze Galecto stock
- Place your GLTO buy order
- Get the latest news on your investment in GLTO
If you need a place to buy stocks, eToro is our favorite option.
Get Started with eToro TodayIf you would like to get the latest scoop on your investment in Galecto, hit the button below to create your watchlist.
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