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The price of Gritstone Bio Inc (NASDAQ: GRTS) closed at $0.05 in the last session, down -9.23% from day before closing price of $0.05. In other words, the price has decreased by -$9.23 from its previous closing price. On the day, 35.23 million shares were traded. GRTS stock price reached its highest trading level at $0.0513 during the session, while it also had its lowest trading level at $0.046.
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.
On February 28, 2024, JMP Securities started tracking the stock assigning a Mkt Outperform rating and target price of $4.
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 5574745 and an Enterprise Value of 52356748. For the stock, the TTM Price-to-Sale (P/S) ratio is 11.15 while its Price-to-Book (P/B) ratio in mrq is 0.25. Its current Enterprise Value per Revenue stands at 3.584 whereas that against EBITDA is -0.405.
Stock Price History:
Over the past 52 weeks, GRTS has reached a high of $3.17, while it has fallen to a 52-week low of $0.05. The 50-Day Moving Average of the stock is -88.52%, while the 200-Day Moving Average is calculated to be -96.00%.
Shares Statistics:
According to the various share statistics, GRTS traded on average about 15.31M shares per day over the past 3-months and 91624960 shares per day over the past 10 days. A total of 118.11M shares are outstanding, with a floating share count of 110.21M. Insiders hold about 6.69% of the company’s shares, while institutions hold 30.02% stake in the company. Shares short for GRTS as of 1727654400 were 7529342 with a Short Ratio of 0.49, compared to 1724976000 on 6925827. Therefore, it implies a Short% of Shares Outstanding of 7529342 and a Short% of Float of 6.510000000000001.
