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As of close of business last night, Gritstone Bio Inc’s stock clocked out at $0.74, down -1.17% from its previous closing price of $0.75. In other words, the price has decreased by -$1.17 from its previous closing price. On the day, 0.66 million shares were traded. GRTS stock price reached its highest trading level at $0.7647 during the session, while it also had its lowest trading level at $0.7101.
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 1.99 and its Current Ratio is at 1.99. In the meantime, Its Debt-to-Equity ratio is 7.40 whereas as Long-Term Debt/Eq ratio is at 6.91.
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 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 80004496 and an Enterprise Value of 136983776. For the stock, the TTM Price-to-Sale (P/S) ratio is 95.24 while its Price-to-Book (P/B) ratio in mrq is 5.18. Its current Enterprise Value per Revenue stands at 8.757 whereas that against EBITDA is -0.999.
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 -18.83%, while the 200-Day Moving Average is calculated to be -57.84%.
Shares Statistics:
It appears that GRTS traded 2.89M shares on average per day over the past three months and 1500010 shares per day over the past ten days. A total of 108.57M shares are outstanding, with a floating share count of 99.45M. Insiders hold about 8.40% of the company’s shares, while institutions hold 38.98% stake in the company. Shares short for GRTS as of 1715731200 were 12694919 with a Short Ratio of 4.40, compared to 1713139200 on 12802094. Therefore, it implies a Short% of Shares Outstanding of 12694919 and a Short% of Float of 11.97.
