Earnings Analysis Of Global Blood Therapeutics, Inc. (GBT)

Global Blood Therapeutics (NASDAQ:GBT) last posted its quarterly earnings results on Thursday, November 2nd.

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Some buy side analysts are also providing their Analysis on Global Blood Therapeutics, Inc., where 3 analysts have rated the stock as Strong buy, 0 analysts have given a Buy signal, 0 said it's a HOLD, and 0 analysts rated the stock as Sell. Currently, Global Blood Therapeutics, Inc. Wedbush reaffirmed an "ourperform" rating and issued a $73.00 price objective on shares of Global Blood Therapeutics in a research report on Monday, September 18th. JPMorgan Chase & Co. reissued a "buy" rating on shares of Global Blood Therapeutics in a report on Monday, October 23rd. Finally, Cantor Fitzgerald set a $61.00 target price on shares of Global Blood Therapeutics and gave the company a buy rating in a report on Monday, December 11th. At present, 0 analysts call it Sell, while 1 think it is Hold. (GBT) stock price distance from twenty day simple moving average surged at 38.94% while its distance from fifty day simple moving average raised 39.36% along with 72.11% above distance from two hundred simple moving averages. (NASDAQ:GBT) tinted gains of +1.8% (+1 points) to US$56.45. 4,272,400 shares of the company's stock were exchanged, compared to its average volume of 1,286,267. The firm has a market capitalization of $2,600.00 and a PE ratio of -22.20. Global Blood Therapeutics has a 52 week low of $14.70 and a 52 week high of $48.85. Also, Global Blood Therapeutics Inc. After $-0.66 actual EPS reported by Global Blood Therapeutics Inc. for the previous quarter, Wall Street now forecasts 10.61% negative EPS growth.

Global Blood Therapeutics, Inc. on 9/29/2017 reported its EPS as $-0.74 with the analysts projecting the EPS of the stock as $-0.63.

In other Global Blood Therapeutics news, major shareholder Perceptive Advisors Llc purchased 175,000 shares of the stock in a transaction on Tuesday, December 19th. The stock tapped a 52-week high of US$12.28 while the mean 12-month price target for the shares is US$9.5.

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In related news, insider Jung Choi sold 3,000 shares of the stock in a transaction on Tuesday, October 17th. Following the completion of the sale, the insider now directly owns 138,455 shares in the company, valued at $4,520,555.75. The disclosure for this sale can be found here. The stock's price to sales ratio for trailing twelve months is N/A and price to book ratio for the most recent quarter is 7.90, whereas price to cash per share for the most recent quarter are 9.99.

A number of institutional investors and hedge funds have recently bought and sold shares of GBT. BNP Paribas Arbitrage SA raised its stake in shares of Global Blood Therapeutics by 694.9% in the second quarter.

The company's stock is now moving with a +ve distance from the 200 day SMA of approximately 72.11%, and has a solid year to date (YTD) performance of 40.91% which means that the stock is constantly adding to its value from the previous fiscal year end price.

Global Blood Therapeutics, Inc is a clinical-stage biopharmaceutical company. American International Group Inc. now owns 24,752 shares of the company's stock worth $769,000 after buying an additional 1,850 shares during the period. Orbimed Advisors LLC boosted its position in shares of Global Blood Therapeutics by 10.2% in the third quarter. The company's institutional ownership is monitored at 13.64 percent.

TRADEMARK VIOLATION NOTICE: This news story was originally posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this article on another website, it was illegally copied and reposted in violation of USA & worldwide copyright and trademark law. The Company is engaged in discovering, developing and commercializing therapeutics to treat blood-based disorders. The Company is developing its initial product candidate, GBT440, as an oral, once-daily therapy for sickle cell disease (SCD).

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