Gemini Therapeutics (NASDAQ:GMTX) Hits New 12-Month High – Time to Buy?

Gemini Therapeutics, Inc. (NASDAQ:GMTXGet Free Report) shares reached a new 52-week high on Monday . The company traded as high as $48.41 and last traded at $46.19, with a volume of 298488 shares changing hands. The stock had previously closed at $46.01.

Gemini Therapeutics Stock Performance

The company has a market capitalization of $1.98 billion, a P/E ratio of -45.90 and a beta of -0.12. The firm’s fifty day moving average is $48.81 and its 200-day moving average is $42.23.

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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