Global Blood Therapeutics Inc. (GBT): What’s the Story?

Global Blood Therapeutics Inc. (GBT) is an interesting player in the Healthcare space, with a focus on Biotechnology. The stock has been active on the tape, currently trading at $30.75, up from yesterday’s close by 8.08%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

This company has been competing with others in the Healthcare space and offers its own combination of interesting factors Global Blood Therapeutics Inc. (GBT) currently trades with a market capitalization of $1.35 Billion.

The balance sheet health of any company plays a key role in its ability to meet its obligations and maintain the faith of its investment base. For GBT, the company currently has $135.74 Million of cash on the books. You can get a sense of how sustainable that is by a levered free cash flow of $-76.82 Million over the past twelve months. Generally speaking, earnings are expected to fall in coming quarters. Analysts are forecasting earnings of $-0.6 on a per share basis this quarter. Perhaps, that suggests something about why 65.40% of the outstanding share supply is held by institutional investors.

Technical Analysis

It’s important to check the technicals to get a sense of how GBT has been acting. Looking at the stock’s movement on the chart, Global Blood Therapeutics Inc. recorded a 52-week high of $41.15. It is now trading 10.4% off that level. The stock is trading $29.38 its 50-day moving average by -1.37%. The stock carved out a 52-week low down at $13.35.

In recent action, Global Blood Therapeutics Inc. (GBT) has made a move of +6.22% over the past month, which has come on weak relative transaction volume. Over the trailing year, the stock is outperforming the S&P 500 by 55.89, and it’s gotten there by action that has been less volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 9.02% with $41.45 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of GBT.

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