Gemini Therapeutics (NASDAQ:GMTX) Sets New 52-Week High – Time to Buy?

Gemini Therapeutics, Inc. (NASDAQ:GMTXGet Free Report) shares reached a new 52-week high during trading on Monday . The stock traded as high as $60.00 and last traded at $57.35, with a volume of 337658 shares changing hands. The stock had previously closed at $59.46.

Gemini Therapeutics Stock Performance

The company has a market capitalization of $2.71 billion, a price-to-earnings ratio of -57.35 and a beta of -0.12. The business has a 50-day simple moving average of $51.31 and a two-hundred day simple moving average of $45.31.

Gemini Therapeutics Company Profile

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Gemini Therapeutics, Inc, a clinical stage precision medicine company, engages in developing various therapeutic compounds for treating genetically defined age-related macular degeneration (AMD). Its lead candidate is GEM103, a recombinant form of the human complement factor H protein to treat dry AMD patients.

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