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

Gemini Therapeutics, Inc. (NASDAQ:GMTXGet Free Report) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as $51.04 and last traded at $50.92, with a volume of 159797 shares traded. The stock had previously closed at $50.77.

Gemini Therapeutics Stock Performance

The firm has a market capitalization of $2.21 billion, a price-to-earnings ratio of -50.77 and a beta of -0.12. The firm’s 50-day moving average price is $48.71 and its two-hundred day moving average price is $41.52.

About Gemini Therapeutics

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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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