Glow LifeTech (XCNQ:GLOW) 3-Month Share Buyback Ratio : -49.07% (As of Sep. 2024 )

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What is Glow LifeTech 3-Month Share Buyback Ratio?

Shares Outstanding (EOP) are shares that have been authorized, issued, and purchased by investors and are held by them.

3-Month Share Buyback Ratio measures the proportion of a company's outstanding shares repurchased over the past three months, calculated as the percentage change in shares outstanding from the previous quarter to the current quarter. A positive ratio may indicates share buybacks over the period, while a zero or negative ratio suggests no buybacks or potential share issuance. Glow LifeTech's current 3-Month Share Buyback Ratio was -49.07%.

Competitive Comparison of Glow LifeTech's 3-Month Share Buyback Ratio

For the Biotechnology subindustry, Glow LifeTech's 3-Month Share Buyback Ratio, along with its competitors' market caps and 3-Month Share Buyback Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Glow LifeTech's 3-Month Share Buyback Ratio Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Glow LifeTech's 3-Month Share Buyback Ratio distribution charts can be found below:

* The bar in red indicates where Glow LifeTech's 3-Month Share Buyback Ratio falls into.

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Glow LifeTech 3-Month Share Buyback Ratio Calculation

Glow LifeTech's 3-Month Share Buyback Ratio for the quarter that ended in Sep. 2024 is calculated as

3-Month Share Buyback Ratio	=	(Shares Outstanding (EOP) (Jun. 2024 )	-	Shares Outstanding (EOP) (Sep. 2024 ))	/	Shares Outstanding (EOP) (Jun. 2024 )
	=	(81.512	-	121.512)	/	81.512
	=	-49.07%

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Glow LifeTech (XCNQ:GLOW) 3-Month Share Buyback Ratio Explanation

A positive ratio may indicates share buybacks over the period, while a zero or negative ratio suggests no buybacks or potential share issuance.

Be Aware

Investors usually like share buybacks. But as pointed by Warren Buffett, only if a company buys back shares at the prices below the stock's intrinsic value, it rewards remaining shareholders. If a company buys its overvalued stocks back, it destroys shareholder value.

Glow LifeTech 3-Month Share Buyback Ratio Related Terms

Glow LifeTech Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Glow LifeTech Corp (XCNQ:GLOW) » Definitions » 3-Month Share Buyback Ratio

Comparable Companies

Traded in Other Exchanges

GLWLF:USA 9DO:Germany

Address

65 International Boulevard, Suite 206, Etobicoke, ON, CAN, M9W 6L9

Website

https://www.glowlifetech.com

Glow LifeTech Corp is a biotechnology company focused on producing nutraceutical and cannabinoid-based products with dramatically enhanced bioavailability, absorption, and effectiveness. Its plant-based MyCell Technology delivery system transforms poorly absorbed natural compounds into enhanced water-compatible concentrates, unlocking the full healing potential of natural active compounds.

Executives

James Richard Van Staveren	Senior Officer
Daniel Proska	Director
William Gordon Clark Kent	Director, Senior Officer
Joshua Paul Bald	Senior Officer
Tomasz Glawdel Glawdel	Senior Officer
Roberto Paolo Carducci	Director, Senior Officer

Glow LifeTech Headlines

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