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

Gemini Therapeutics, Inc. (NASDAQ:GMTXGet Free Report)’s share price reached a new 52-week high on Monday . The company traded as high as $68.73 and last traded at $66.57, with a volume of 327113 shares. The stock had previously closed at $65.00.

Gemini Therapeutics Stock Performance

The company’s 50 day simple moving average is $50.27 and its 200-day simple moving average is $44.19. The firm has a market capitalization of $2.73 billion, a PE ratio of -63.26 and a beta of -0.12.

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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