Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
The closing price of GRI Bio Inc (NASDAQ: GRI) was $0.24 for the day, up 7.56% from the previous closing price of $0.22. In other words, the price has increased by $7.56 from its previous closing price. On the day, 1.79 million shares were traded. GRI stock price reached its highest trading level at $0.242 during the session, while it also had its lowest trading level at $0.222.
Ratios:
Our analysis of GRI’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 1.70 and its Current Ratio is at 1.70. In the meantime, Its Debt-to-Equity ratio is 0.04 whereas as Long-Term Debt/Eq ratio is at 0.02.
Upgrades & Downgrades
In the most recent recommendation for this company, H.C. Wainwright on December 09, 2024, initiated with a Buy rating and assigned the stock a target price of $10.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, GRI now has a Market Capitalization of 2449296 and an Enterprise Value of -3179968.
Stock Price History:
The Beta on a monthly basis for GRI is -1.39, which has changed by -0.98232937 over the last 52 weeks, in comparison to a change of 0.19226205 over the same period for the S&P500. Over the past 52 weeks, GRI has reached a high of $13.09, while it has fallen to a 52-week low of $0.19. The 50-Day Moving Average of the stock is -79.49%, while the 200-Day Moving Average is calculated to be -84.48%.
Shares Statistics:
GRI traded an average of 1.97M shares per day over the past three months and 8770310 shares per day over the past ten days. A total of 10.12M shares are outstanding, with a floating share count of 5.43M. Insiders hold about 46.38% of the company’s shares, while institutions hold 1.33% stake in the company. Shares short for GRI as of 1767139200 were 2686135 with a Short Ratio of 1.36, compared to 1764288000 on 142328. Therefore, it implies a Short% of Shares Outstanding of 2686135 and a Short% of Float of 26.540002.
