GRI Bio Inc (NASDAQ: GRI) Surprises Wall Street With 25.28% Stock Price Gain

GRI Bio Inc (NASDAQ:GRI) has a beta value of -2.04 and has seen 33.55 million shares traded in the last trading session. The company, currently valued at $4.03M, closed the last trade at $1.10 per share which meant it gained $0.22 on the day or 25.28% during that session. The GRI stock price is -12143.64% off its 52-week high price of $134.68 and 72.73% above the 52-week low of $0.30. If we look at the company’s 10-day average daily trading volume, we find that it stood at 18.95 million shares traded. The 3-month trading volume is 3.76 million shares.

GRI Bio Inc (NASDAQ:GRI) trade information

Sporting 25.28% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the GRI stock price touched $1.10 or saw a rise of 18.52%. Year-to-date, GRI Bio Inc shares have moved -96.86%, while the 5-day performance has seen it change 53.40%. Over the past 30 days, the shares of GRI Bio Inc (NASDAQ:GRI) have changed 192.32%. Short interest in the company has seen 0.23 million shares shorted with days to cover at 0.15.

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GRI Bio Inc (GRI) estimates and forecasts

The company’s shares have lost -79.36% over the past 6 months.

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 26.64% over the past 5 years.

GRI Dividends

GRI Bio Inc is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

GRI Bio Inc (NASDAQ:GRI)’s Major holders

Insiders own 0.35% of the company shares, while shares held by institutions stand at 9.79% with a share float percentage of 9.82%. Investors are also buoyed by the number of investors in a company, with GRI Bio Inc having a total of 5.0 institutions that hold shares in the company.