Gritstone Bio Inc (NASDAQ:GRTS) has a beta value of 0.52 and has seen 0.77 million shares traded in the recent trading session. The company, currently valued at $58.73M, closed the last trade at $0.54 per share which meant it gained $0.02 on the day or 4.47% during that session. The GRTS stock price is -516.67% off its 52-week high price of $3.33 and 16.67% above the 52-week low of $0.45. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.41 million shares traded. The 3-month trading volume is 1.51 million shares.
The consensus among analysts is that Gritstone Bio Inc (GRTS) is Buy stock at the moment, with a recommendation rating of 1.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 4 have rated it as a Hold, with 4 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.23.
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Gritstone Bio Inc (NASDAQ:GRTS) trade information
Sporting 4.47% in the green today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the GRTS stock price touched $0.54 or saw a rise of 3.57%. Year-to-date, Gritstone Bio Inc shares have moved -73.48%, while the 5-day performance has seen it change 20.21%. Over the past 30 days, the shares of Gritstone Bio Inc (NASDAQ:GRTS) have changed -24.17%. Short interest in the company has seen 7.85 million shares shorted with days to cover at 6.96.
Wall Street analysts have a consensus price target for the stock at $5, which means that the shares’ value could jump 89.2% from the levels at last check today. The projected low price target is $3.0 while the price target rests at a high of $6.0. In that case, then, we find that the latest price level in today’s session is -1011.11% off the targeted high while a plunge would see the stock gain -455.56% from the levels at last check today.
Gritstone Bio Inc (GRTS) estimates and forecasts
Figures show that Gritstone Bio Inc shares have underperformed across the wider relevant industry. The company’s shares have lost -73.99% over the past 6 months, with this year growth rate of 15.83%, compared to 17.50% for the industry. Revenue growth from the last financial year stood is estimated to be -16.20%.
7 analysts offering their estimates for the company have set an average revenue estimate of 5.92M for the current quarter. 7 have an estimated revenue figure of 4.64M for the next ending quarter.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 30.25% over the past 5 years.
GRTS Dividends
Gritstone Bio Inc is expected to release its next earnings report 2024-Nov-06 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Gritstone Bio Inc (NASDAQ:GRTS)’s Major holders
Insiders own 2.08% of the company shares, while shares held by institutions stand at 37.52% with a share float percentage of 38.32%. Investors are also buoyed by the number of investors in a company, with Gritstone Bio Inc having a total of 102.0 institutions that hold shares in the company. The top two institutional holders are MORGAN STANLEY with over 6.74 million shares worth more than $17.33 million. As of 2024-03-31, MORGAN STANLEY held 6.9087% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 5.79 million shares as of 2024-03-31. The firm’s total holdings are worth over $14.88 million and represent 5.9329% of shares outstanding.
