GlycoMimetics
GLYC
#6283
Rank
$46.18 M
Marketcap
$0.88
Share price
0.15%
Change (1 day)
-55.56%
Change (1 year)

P/E ratio for GlycoMimetics (GLYC)

P/E ratio as of August 2022 (TTM): -0.7154

According to GlycoMimetics 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -0.715447. At the end of 2021 the company had a P/E ratio of -1.17.

P/E ratio history for GlycoMimetics from 2014 to 2022

PE ratio at the end of each year

Year P/E ratio Change
2021-1.17-65.44%
2020-3.39-13.55%
2019-3.92-51.17%
2018-8.03
2016-4.04-52.68%
2015-8.54-26.48%
2014-11.6

How to read a P/E ratio?

The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.

Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.