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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 $0.53, down 1.48% from the previous day, and has decreased 74.67% in one year. It has underperformed other stocks in the Biotechnology industry by 0.51 percentage points. Galecto stock is currently +6.4% from its 52-week low of $0.50, and -85.62% from its 52-week high of $3.70.

At the moment, there are 27.11M GLTO shares outstanding. The market value of GLTO is $14.42M. In the past 24 hours, 81,431 GLTO shares were traded.

How to Buy Galecto Stock

Not sure how to invest in Galecto stock? Here's how.
  1. 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.
  2. Open a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
  3. Deposit funds into your brokerage account: Select your method of payment and add your information.
  4. 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).
  5. 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.
  6. 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.

A brokerage account enables you to buy and sell a number of investments, including stocks, bonds, mutual funds, and ETFs.

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.
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Step 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

  1. Click here to get started.
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  2. Enter your personal details to create a new trading account.
  1. Send your information by clicking the "Create Account" button.
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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.

Get started with eToro today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

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

GLTO Price
$0.53
1w %
-0.56%
1y %
-74.67%
5y %
N/A
P/E
-0.47x
P/B
0.51x
P/S
N/A
PEG
N/A
Revenue
$0.00
Earnings
-$30.83M
Fore. Rev. Growth
N/A
Fore. Earn. Growth
N/A
Market Cap
$14.42M
Next Earnings
Jun 20, 2024
Next Dividend
N/A

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 0.51x, relative to Biotechnology industry P/B ratio of 6.25x

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 0.15.
  • There are more short-term assets than long-term liabilities on the GLTO balance sheet.
  • GLTO has $27.17M in cash and short term investments. This is sufficient to cover its annual cash burn of $33.63M.

Negative Financial Indicators:

  • GLTO has cash burn of 33630000. It does not have sufficient cash and short-term investments to cover this.

Is GLTO stock a Buy, Hold, or Sell, according to analysts?

Out of 1 Equities analysts who give ratings on GLTO, the consensus analyst rating on GLTO is a Buy

It's important to note that analyst forecasts are not recommendations, nor are they financial advice.

You can dive deeper into what analysts are forecasting on the Galecto stock forecast page.

GLTO Trading Indicators

SMA10
0.57
SMA20
0.6
SMA50
0.66
SMA100
0.69
SMA200
0.65
MACD
-0.04
MACD Signal
-0.03
MACD Histogram
-0.01
RSI
33.15
Stochastic %K
18.88
Stochastic %D
19.44
StochRSI %K
36.49
StochRSI %D
29.14

Latest Insiders Trades at GLTO

Over the past 12 months, insiders 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 stock generate passive income?

No, Galecto doesn't provide an income stream by paying out dividends.

GLTO Social Trading Data

One of the primary reasons eToro is our highest-rated brokerage is because of its social trading community.

Click below to find out what other traders have to say.

Step 5: Place your GLTO buy order

There are two primary order types:

  • Market order: A market order is an order to buy or sell a security at the best possible price.
    Market orders are usually fine for most investors.
  • Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
    If you want to be sure you're buying or selling at a specific price limit, use a limit order.

Hit the Open button and your broker will place your order.

If you need additional help buying stocks on eToro, watch the helpful video below:

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Step 6: Get the latest news on your investment in GLTO

Now that you own some GLTO shares, you'll want to stay up-to-date on your stock purchase.

Make a watchlist to get alerted to the latest events about your GLTO stock.

GLTO Feed

How to Buy Stock in Galecto

To reiterate, here are the 6 steps you need to take to buy Galecto stock right now:

  1. Decide where to buy Galecto stock
  2. Open a brokerage account
  3. Deposit funds into your brokerage account
  4. Analyze Galecto stock
  5. Place your GLTO buy order
  6. Get the latest news on your investment in GLTO

If you require a brokerage, eToro is our favorite venue.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you would like to get the latest news on your investment in Galecto, create a watchlist today.

NASDAQ: GLTO
$0.53-0.01 (-1.48%)
Updated Jun 11, 2024
Open eToro Account
NASDAQ: GLTO
$0.53-0.01 (-1.48%)
Updated Jun 11, 2024
Open eToro Account

FAQ

How much does it cost to buy one Galecto share?

As of Jun 11, 2024, it costs $0.53 to buy one share of Galecto stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $0.27, you can buy 0.5 shares of GLTO.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Galecto stock?

According to 1 Wall Street analysts who monitor Galecto, their consensus recommendation is to buy Galecto stock.

What is the best way to buy Galecto stock?

One way to place an order for Galecto stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.