GRI Bio Inc [NASDAQ: GRI] price surged by 34.67 percent to reach at $0.22.
The one-year GRI stock forecast points to a potential upside of 93.08. The average equity rating for GRI stock is currently 1.00, trading closer to a bullish pattern in the stock market.
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Guru’s Opinion on GRI Bio Inc [GRI]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for GRI shares is $12.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on GRI stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
The Average True Range (ATR) for GRI Bio Inc is set at 0.18 The Price to Book ratio for the last quarter was 0.14, with the Price to Cash per share for the same quarter was set at 2.17.
GRI Stock Performance Analysis:
GRI Bio Inc [GRI] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.61. With this latest performance, GRI shares gained by 147.01% in over the last four-week period, additionally sinking by -85.00% over the last 6 months – not to mention a drop of -99.22% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for GRI stock in for the last two-week period is set at 57.60, with the RSI for the last a single of trading hit 58.32, and the three-weeks RSI is set at 55.29 for GRI Bio Inc [GRI]. The present Moving Average for the last 50 days of trading for this stock 0.5231, while it was recorded at 0.7314 for the last single week of trading, and 5.8877 for the last 200 days.
Insight into GRI Bio Inc Fundamentals:
GRI Bio Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.11 and a Current Ratio set at 3.11.
GRI Bio Inc [GRI] Institutonal Ownership Details
There are presently around $9.79%, or 9.82%% of GRI stock, in the hands of institutional investors.
