Galmed Income Tax Expense from 2010 to 2024

GLMD Stock  USD 2.75  0.05  1.79%   
Galmed Pharmaceuticals' Income Tax Expense is decreasing over the years with slightly volatile fluctuation. Overall, Income Tax Expense is projected to go to about -14.2 M this year. During the period from 2010 to 2024 Galmed Pharmaceuticals Income Tax Expense annual values regression line had coefficient of variation of  7,615 and r-squared of  0.20. View All Fundamentals
 
Income Tax Expense  
First Reported
2012-12-31
Previous Quarter
47.6 K
Current Value
-34.3 K
Quarterly Volatility
49.8 K
 
Yuan Drop
 
Covid
Check Galmed Pharmaceuticals financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Galmed Pharmaceuticals' main balance sheet or income statement drivers, such as Depreciation And Amortization of 57.1 K, Interest Expense of 10.4 K or Selling General Administrative of 4.3 M, as well as many indicators such as Price To Sales Ratio of 1.1 K, Dividend Yield of 0.0 or PTB Ratio of 0.0919. Galmed financial statements analysis is a perfect complement when working with Galmed Pharmaceuticals Valuation or Volatility modules.
  
Check out the analysis of Galmed Pharmaceuticals Correlation against competitors.
For information on how to trade Galmed Stock refer to our How to Trade Galmed Stock guide.

Latest Galmed Pharmaceuticals' Income Tax Expense Growth Pattern

Below is the plot of the Income Tax Expense of Galmed Pharmaceuticals over the last few years. It is Galmed Pharmaceuticals' Income Tax Expense historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Galmed Pharmaceuticals' overall financial position and show how it may be relating to other accounts over time.
Income Tax Expense10 Years Trend
Slightly volatile
   Income Tax Expense   
       Timeline  

Galmed Income Tax Expense Regression Statistics

Arithmetic Mean113,013
Coefficient Of Variation7,615
Mean Deviation4,529,861
Median6,000
Standard Deviation8,606,276
Sample Variance74.1T
Range36.2M
R-Value(0.44)
Mean Square Error64.2T
R-Squared0.20
Significance0.1
Slope(850,199)
Total Sum of Squares1037T

Galmed Income Tax Expense History

2024-14.2 M
2023-15 M
2022705 K
2021-519 K
2020-1.2 M
2019-1.9 M
201875 K

About Galmed Pharmaceuticals Financial Statements

Galmed Pharmaceuticals stakeholders use historical fundamental indicators, such as Galmed Pharmaceuticals' Income Tax Expense, to determine how well the company is positioned to perform in the future. Although Galmed Pharmaceuticals investors may analyze each financial statement separately, they are all interrelated. For example, changes in Galmed Pharmaceuticals' assets and liabilities are reflected in the revenues and expenses on Galmed Pharmaceuticals' income statement, which ultimately affect the company's gains or losses. Understanding these patterns can help in making the right long-term investment decisions in Galmed Pharmaceuticals. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Income Tax Expense-15 M-14.2 M

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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
When determining whether Galmed Pharmaceuticals is a strong investment it is important to analyze Galmed Pharmaceuticals' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Galmed Pharmaceuticals' future performance. For an informed investment choice regarding Galmed Stock, refer to the following important reports:
Check out the analysis of Galmed Pharmaceuticals Correlation against competitors.
For information on how to trade Galmed Stock refer to our How to Trade Galmed Stock guide.
You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
Is Biotechnology space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Galmed Pharmaceuticals. If investors know Galmed will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Galmed Pharmaceuticals listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
69.72
Return On Assets
(0.29)
Return On Equity
(0.53)
The market value of Galmed Pharmaceuticals is measured differently than its book value, which is the value of Galmed that is recorded on the company's balance sheet. Investors also form their own opinion of Galmed Pharmaceuticals' value that differs from its market value or its book value, called intrinsic value, which is Galmed Pharmaceuticals' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Galmed Pharmaceuticals' market value can be influenced by many factors that don't directly affect Galmed Pharmaceuticals' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Galmed Pharmaceuticals' value and its price as these two are different measures arrived at by different means. Investors typically determine if Galmed Pharmaceuticals is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Galmed Pharmaceuticals' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.