Is GRI Bio Inc (NASDAQ: GRI) Worth Your Money In 2024?

In the last trading session, 1.41 million shares of the GRI Bio Inc (NASDAQ:GRI) were traded, and its beta was -2.05. Most recently the company’s share price was $0.87, and it changed around $0.08 or 9.67% from the last close, which brings the market valuation of the company to $9.42M. GRI currently trades at a discount to its 52-week high of $65.00, offering almost -7371.26% off that amount. The share price’s 52-week low was $0.30, which indicates that the current value has risen by an impressive 65.52% since then. We note from GRI Bio Inc’s average daily trading volume that its 10-day average is 0.28 million shares, with the 3-month average coming to 4.37 million.

GRI Bio Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 1 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 0 recommended GRI as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight.

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GRI Bio Inc (NASDAQ:GRI) trade information

Instantly GRI has showed a green trend with a performance of 9.67% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 0.9500 on recent trading dayincreased the stock’s daily price by 8.42%. The company’s shares are currently down -97.53% year-to-date, but still up 32.72% over the last five days. On the other hand, GRI Bio Inc (NASDAQ:GRI) is -1.05% down in the 30-day period. We can see from the shorts that 0.92 million shares have been sold at a short interest cover period of 0.1 day(s).

Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 26.64%.

GRI Dividends

GRI Bio Inc’s next quarterly earnings report is expected to be released in January.

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

Upon looking at major shareholders, it appears that insiders hold 0.35% of GRI Bio Inc shares, and 4.71% of them are in the hands of institutional investors. The stock currently has a share float of 4.72%.