The pursuit of outperformance leads many investors to carefully choose individual stocks. Picking the right ones can be a game-changer for growing your wealth.
As of close of business last night, Gritstone Bio Inc’s stock clocked out at $1.01, up 5.01% from its previous closing price of $0.96. In other words, the price has increased by $5.01 from its previous closing price. On the day, 2.07 million shares were traded. GRTS stock price reached its highest trading level at $1.04 during the session, while it also had its lowest trading level at $0.9501.
Ratios:
To gain a deeper understanding of GRTS’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 3.20 and its Current Ratio is at 3.20. In the meantime, Its Debt-to-Equity ratio is 2.02 whereas as Long-Term Debt/Eq ratio is at 1.89.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, JMP Securities on February 28, 2024, initiated with a Mkt Outperform rating and assigned the stock a target price of $4.
On March 28, 2023, B. Riley Securities started tracking the stock assigning a Buy rating and target price of $8.B. Riley Securities initiated its Buy rating on March 28, 2023, with a $8 target price.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on May 23 ’23 when Economides Vassiliki bought 12,000 shares for $1.90 per share. The transaction valued at 22,829 led to the insider holds 214,058 shares of the business.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, GRTS now has a Market Capitalization of 108202312 and an Enterprise Value of 124547248. For the stock, the TTM Price-to-Sale (P/S) ratio is 81.35 while its Price-to-Book (P/B) ratio in mrq is 1.90. Its current Enterprise Value per Revenue stands at 7.62 whereas that against EBITDA is -0.943.
Stock Price History:
Over the past 52 weeks, GRTS has reached a high of $3.33, while it has fallen to a 52-week low of $0.67. The 50-Day Moving Average of the stock is -40.43%, while the 200-Day Moving Average is calculated to be -45.84%.
Shares Statistics:
It appears that GRTS traded 2.83M shares on average per day over the past three months and 1891440 shares per day over the past ten days. A total of 107.13M shares are outstanding, with a floating share count of 97.92M. Insiders hold about 8.60% of the company’s shares, while institutions hold 35.15% stake in the company. Shares short for GRTS as of 1713139200 were 12802094 with a Short Ratio of 4.53, compared to 1710460800 on 8816561. Therefore, it implies a Short% of Shares Outstanding of 12802094 and a Short% of Float of 13.44.
