During the last session, Gritstone Bio Inc (NASDAQ:GRTS)’s traded shares were 0.39 million, with the beta value of the company hitting 0.54. At the end of the trading day, the stock’s price was $0.49, reflecting an intraday loss of -5.02% or -$0.03. The 52-week high for the GRTS share is $3.33, that puts it down -579.59 from that peak though still a striking 8.16% gain since the share price plummeted to a 52-week low of $0.45. The company’s market capitalization is $53.18M, and the average intraday trading volume over the past 10 days was 1.46 million shares, and the average trade volume was 1.60 million shares over the past three months.
Gritstone Bio Inc (GRTS) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.00. GRTS has a Sell rating from 0 analyst(s) out of 4 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 4 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.28.
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Gritstone Bio Inc (NASDAQ:GRTS) trade information
Gritstone Bio Inc (GRTS) registered a -5.02% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -5.02% in intraday trading to $0.49, hitting a weekly high. The stock’s 5-day price performance is -12.54%, and it has moved by -24.59% in 30 days. Based on these gigs, the overall price performance for the year is -72.01%. The short interest in Gritstone Bio Inc (NASDAQ:GRTS) is 8.09 million shares and it means that shorts have 4.22 day(s) to cover.
The consensus price target of analysts on Wall Street is $5, which implies an increase of 90.2% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $3 and $6 respectively. As a result, GRTS is trading at a discount of -1124.49% off the target high and -512.24% off the low.
Gritstone Bio Inc (GRTS) estimates and forecasts
Statistics show that Gritstone Bio Inc has underperformed its competitors in share price, compared to the industry in which it operates. Gritstone Bio Inc (GRTS) shares have gone down -78.04% during the last six months, with a year-to-date growth rate less than the industry average at 15.83% against 16.60. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 9.70% this quarter and then jump 30.30% in the quarter after that. In the rating firms’ projections, revenue will decrease -16.20% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 1.37M as predicted by 7 analyst(s). Meanwhile, a consensus of 7 analyst(s) estimates revenue growth to 5.92M by the end of current fiscal year.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 30.25%. While earnings are projected to return 14.88% in 2024.
GRTS Dividends
Gritstone Bio Inc is due to release its next quarterly earnings 2024-Aug-09. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Gritstone Bio Inc (NASDAQ:GRTS)’s Major holders
Gritstone Bio Inc insiders own 2.08% of total outstanding shares while institutional holders control 43.70%, with the float percentage being 44.62%. MORGAN STANLEY is the largest shareholder of the company, while 113.0 institutions own stock in it. As of 2024-03-31, the company held over 6.74 million shares (or 6.9087% of all shares), a total value of $17.33 million in shares.
The next largest institutional holding, with 5.79 million shares, is of BLACKROCK INC.’s that is approximately 5.9329% of outstanding shares. At the market price on 2024-03-31, these shares were valued at $14.88 million.
Also, the Mutual Funds coming in first place with the largest holdings of Gritstone Bio Inc (GRTS) shares are Vanguard Total Stock Market Index Fund and USAA Mutual Fund Tr-Science & Technology Fund . Data provided on Mar 31, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 2.85 shares. This amounts to just over 2.63 percent of the company’s overall shares, with a $1.4 million market value. The same data shows that the other fund manager holds slightly less at 1.43, or about 1.31% of the stock, which is worth about $0.7 million.
