Gritstone bio Inc. (NASDAQ: GRTS) is -51.88% lower on its value in year-to-date trading and has touched a low of $1.70 and a high of $5.85 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 GRTS stock was last observed hovering at around $1.76 in the last trading session, with the day’s loss setting it -0.1% off its average median price target of $7.00 for the next 12 months. It is also 91.7% off the consensus price target high of $20.00 offered by 7 analysts, but current levels are 17.0% higher than the price target low of $2.00 for the same period.
Currently trading at $1.66, the stock is -26.28% and -33.13% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.0 million and changing -5.68% at the moment leaves the stock -42.78% off its SMA200. GRTS registered -7.52% loss for a year compared to 6-month loss of -47.80%. The firm has a 50-day simple moving average (SMA 50) of $15.25 and a 200-day simple moving average (SMA200) of -$0.67.
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The stock witnessed a -30.25% gain in the last 1 month and extending the period to 3 months gives it a -31.40%, and is -13.54% 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 8.79% over the week and 7.94% over the month.
Gritstone bio Inc. (GRTS) has around 233 employees, a market worth around $144.57M and $15.20M in sales. Distance from 52-week low is -2.35% and -71.62% from its 52-week high. The company has generated returns on investments over the last 12 months (-63.30%).
Gritstone bio Inc. (GRTS) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Gritstone bio Inc. (GRTS) is a “Overweight”. 7 analysts offering their recommendations for the stock have an average rating of 2.10, where 0 rate it as a Hold and 0 think it is a “Overweight”. 6 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.
Gritstone bio Inc. is expected to release its quarterly report on 08/03/2023.The EPS is expected to shrink by -38.30% this year
Gritstone bio Inc. (GRTS) Top Institutional Holders
The shares outstanding are 87.85M, and float is at 81.20M with Short Float at 4.87%.
Gritstone bio Inc. (GRTS) Insider Activity
A total of 6 insider transactions have happened at Gritstone bio Inc. (GRTS) in the last six months, with sales accounting for 0 and purchases happening 6 times. The most recent transaction is an insider purchase by Economides Vassiliki, the company’s. SEC filings show that Economides Vassiliki bought 12,000 shares of the company’s common stock on May 23 at a price of $1.90 per share for a total of $22829.0. Following the purchase, the insider now owns 0.21 million shares.
Gritstone bio Inc. (GRTS): Who are the competitors?
The company’s main competitors (and peers) include Eli Lilly and Company (LLY) that is trading 39.66% up over the past 12 months and Merck & Co. Inc. (MRK) that is 18.66% higher over the same period. Moderna Inc. (MRNA) is -4.23% down on the 1-year trading charts.
