Graybug Vision Inc. (NASDAQ: GRAY) is -81.22% lower on its value in year-to-date trading and has touched a low of $5.12 and a high of $37.88 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The GRAY stock was last observed hovering at around $5.84 in the last trading session, with the day’s loss setting it -0.39% off its average median price target of $14.00 for the next 12 months. It is also 76.3% off the consensus price target high of $23.00 offered by 5 analysts, but current levels are 31.87% higher than the price target low of $8.00 for the same period.
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Currently trading at $5.45, the stock is -20.39% and -70.24% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.38 million and changing -6.68% at the moment leaves the stock -73.65% off its SMA200. GRAY registered a gain of -58.56% in past 6-months. The firm has a 50-day simple moving average (SMA 50) of $13.19 and a 200-day simple moving average (SMA200) of $20.91.
The stock witnessed a -63.05% loss in the last 1 month and extending the period to 3 months gives it a -79.70%, and is -1.98% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 10.84% over the week and 12.52% over the month.
Distance from 52-week low is 6.45% and -85.61% from its 52-week high.
Graybug Vision Inc. (GRAY) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Graybug Vision Inc. (GRAY) is a “Overweight”. 5 analysts offering their recommendations for the stock have an average rating of 2.20, where 2 rate it as a Hold and 0 think it is a “Overweight”. 3 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Graybug Vision Inc. is expected to release its quarterly report on 09/01/2021 and quarterly earnings per share for the current quarter are estimated at -$0.44.The EPS is expected to shrink by -34.90% this year.
Graybug Vision Inc. (GRAY) Top Institutional Holders
55 institutions hold shares in Graybug Vision Inc. (GRAY), with 2.21M shares held by insiders accounting for 10.49% while institutional investors hold 91.41% of the company’s shares. The shares outstanding are 20.98M, and float is at 19.84M with Short Float at 5.07%. Institutions hold 81.82% of the Float.
The top institutional shareholder in the company is Deerfield Management Company, L.P. (Series C) with over 5.28 million shares valued at $153.28 million. The investor’s holdings represent 25.10% of the GRAY Shares outstanding. As of Dec 30, 2020, the second largest holder is Orbimed Advisors LLC. with 4.48 million shares valued at $129.89 million to account for 21.27% of the shares outstanding. The other top investors are FMR, LLC which holds 2.4 million shares representing 11.42% and valued at over $69.72 million, while Blackstone Group Inc. holds 9.17% of the shares totaling 1.93 million with a market value of $56.02 million.
Graybug Vision Inc. (GRAY) Insider Activity
A total of 0 insider transactions have happened at Graybug Vision Inc. (GRAY) in the last six months, with sales accounting for 0 and purchases happening 0 times.