Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
The closing price of GRI Bio Inc (NASDAQ: GRI) was $0.34 for the day, up 0.29% from the previous closing price of $0.34. In other words, the price has increased by $0.29 from its previous closing price. On the day, 0.96 million shares were traded. GRI stock price reached its highest trading level at $0.3799 during the session, while it also had its lowest trading level at $0.341.
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 2002372 and an Enterprise Value of -2856364.
Stock Price History:
The Beta on a monthly basis for GRI is -1.39, which has changed by -0.97402596 over the last 52 weeks, in comparison to a change of 0.13153219 over the same period for the S&P500. Over the past 52 weeks, GRI has reached a high of $15.64, while it has fallen to a 52-week low of $0.33. The 50-Day Moving Average of the stock is -79.02%, while the 200-Day Moving Average is calculated to be -82.67%.
Shares Statistics:
GRI traded an average of 626.85K shares per day over the past three months and 2685790 shares per day over the past ten days. A total of 5.87M shares are outstanding, with a floating share count of 5.30M. Insiders hold about 9.74% of the company’s shares, while institutions hold 2.29% stake in the company. Shares short for GRI as of 1764288000 were 142328 with a Short Ratio of 0.23, compared to 1761868800 on 201014. Therefore, it implies a Short% of Shares Outstanding of 142328 and a Short% of Float of 4.35.
