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The price of Gritstone Bio Inc (NASDAQ: GRTS) closed at $0.50 in the last session, down -5.66% from day before closing price of $0.53. In other words, the price has decreased by -$5.66 from its previous closing price. On the day, 1.39 million shares were traded. GRTS stock price reached its highest trading level at $0.5838 during the session, while it also had its lowest trading level at $0.49.
Ratios:
We take a closer look at GRTS’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 2.54 and its Current Ratio is at 2.54. In the meantime, Its Debt-to-Equity ratio is 4.62 whereas as Long-Term Debt/Eq ratio is at 4.30.
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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on May 16 ’24 when Allen Andrew R sold 24,263 shares for $0.75 per share. The transaction valued at 18,156 led to the insider holds 985,360 shares of the business.
Jones Erin sold 13,749 shares of GRTS for $10,288 on May 16 ’24. The EVP, CHIEF OPERATING OFFICER now owns 359,293 shares after completing the transaction at $0.75 per share. On May 16 ’24, another insider, Jooss Karin, who serves as the insider of the company, sold 13,749 shares for $0.75 each. As a result, the insider received 10,288 and left with 683,526 shares of the company.
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 59066312 and an Enterprise Value of 109391624. For the stock, the TTM Price-to-Sale (P/S) ratio is 118.13 while its Price-to-Book (P/B) ratio in mrq is 2.65. Its current Enterprise Value per Revenue stands at 7.487 whereas that against EBITDA is -0.846.
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 $0.45. The 50-Day Moving Average of the stock is -22.71%, while the 200-Day Moving Average is calculated to be -65.79%.
Shares Statistics:
According to the various share statistics, GRTS traded on average about 1.48M shares per day over the past 3-months and 1331960 shares per day over the past 10 days. A total of 118.11M shares are outstanding, with a floating share count of 109.51M. Insiders hold about 8.23% of the company’s shares, while institutions hold 30.00% stake in the company. Shares short for GRTS as of 1722384000 were 7846446 with a Short Ratio of 5.29, compared to 1719532800 on 11067059. Therefore, it implies a Short% of Shares Outstanding of 7846446 and a Short% of Float of 7.3999999999999995.
