On Friday, Gritstone Bio Inc (NASDAQ: GRTS) opened higher 5.44% from the last session, before settling in for the closing price of $0.45. Price fluctuations for GRTS have ranged from $0.45 to $3.33 over the past 52 weeks.
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A company in the Healthcare sector has jumped its sales by 230.33% annually for the last half of the decade. Company’s average yearly earnings per share was noted 24.88% at the time writing. With a float of $109.51 million, this company’s outstanding shares have now reached $118.11 million.
In an organization with 231 employees, it is important to assess its efficiency. In terms of profitability, gross margin is -325.12%, operating margin of -8786.76%, and the pretax margin is -7825.47%.
Gritstone Bio Inc (GRTS) Insider Updates
A key investor’s attitude towards the stock of the Biotechnology industry is another important factor to consider. The insider ownership of Gritstone Bio Inc is 7.28%, while institutional ownership is 30.00%. The most recent insider transaction that took place on May 16 ’24, was worth 18,156. In this transaction PRESIDENT AND CEO of this company sold 24,263 shares at a rate of $0.75, taking the stock ownership to the 985,360 shares. Before that another transaction happened on May 16 ’24, when Company’s EVP, CHIEF OPERATING OFFICER sold 13,749 for $0.75, making the entire transaction worth $10,288. This insider now owns 359,293 shares in total.
Gritstone Bio Inc (GRTS) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around 24.88% per share during the next fiscal year.
Gritstone Bio Inc (NASDAQ: GRTS) Trading Performance Indicators
Check out the current performance indicators for Gritstone Bio Inc (GRTS). In the past quarter, the stock posted a quick ratio of 2.54. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 112.63.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.15, a number that is poised to hit -0.19 in the next quarter and is forecasted to reach -0.89 in one year’s time.
Technical Analysis of Gritstone Bio Inc (GRTS)
Let’s dig in a bit further. During the last 5-days, its volume was 0.6 million. That was inferior than the volume of 2.16 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 15.70%. Additionally, its Average True Range was 0.04.
During the past 100 days, Gritstone Bio Inc’s (GRTS) raw stochastic average was set at 5.23%, which indicates a significant decrease from 18.69% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 54.58% in the past 14 days, which was lower than the 82.32% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.5848, while its 200-day Moving Average is $1.3932. However, in the short run, Gritstone Bio Inc’s stock first resistance to watch stands at $0.4859. Second resistance stands at $0.4950. The third major resistance level sits at $0.5117. If the price goes on to break the first support level at $0.4601, it is likely to go to the next support level at $0.4434. Assuming the price breaks the second support level, the third support level stands at $0.4343.
Gritstone Bio Inc (NASDAQ: GRTS) Key Stats
There are currently 108,569K shares outstanding in the company with a market cap of 56.31 million. Presently, the company’s annual sales total 16,340 K according to its annual income of -138,490 K. Last quarter, the company’s sales amounted to 920 K and its income totaled -23,400 K.
