GRI Bio Inc [NASDAQ: GRI] stock went on a downward path that fall over -11.13% on Wednesday, amounting to a one-week price decrease of less than -11.32%.
Over the last 12 months, GRI stock dropped by -97.52%. The one-year GRI Bio Inc stock forecast points to a potential upside of 93.65. The average equity rating for GRI stock is currently 1.00, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $6.56 million, with 8.93 million shares outstanding and 8.93 million shares in the current float. Compared to the average trading volume of 4.29M shares, GRI stock reached a trading volume of 268651 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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 $11.50 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.
H.C. Wainwright have made an estimate for GRI Bio Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on December 09, 2024.
The Average True Range (ATR) for GRI Bio Inc is set at 0.09 The Price to Book ratio for the last quarter was 1.01, with the Price to Cash per share for the same quarter was set at 0.53.
GRI Stock Performance Analysis:
GRI Bio Inc [GRI] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -11.32. With this latest performance, GRI shares dropped by -7.01% in over the last four-week period, additionally sinking by -54.65% over the last 6 months – not to mention a drop of -97.52% 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 44.83, with the RSI for the last a single of trading hit 39.79, and the three-weeks RSI is set at 47.28 for GRI Bio Inc [GRI]. The present Moving Average for the last 50 days of trading for this stock 0.7988, while it was recorded at 0.8300 for the last single week of trading, and 2.2970 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 3.10 and a Current Ratio set at 3.10.
GRI Bio Inc [GRI] Institutonal Ownership Details
There are presently around $4.71%, or 4.72%% of GRI stock, in the hands of institutional investors.
