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Gritstone Bio Inc’s Bumpy Road: Analyzing the 52-Week Range and Future Prospects

Gritstone Bio Inc ‘s stock market performance has been somewhat erratic. The company’s stock reached a 1-year high price of $3.33 on 10/10/23, while the lowest value for the same period was recorded at $0.67 on 04/16/24.

52-week price history of GRTS Stock

A stock’s 52-week high and low prices can reveal much about its current status and future trajectory. Gritstone Bio Inc’s current trading price is -73.76% away from its 52-week high, while its distance from the 52-week low is 30.09%. The stock’s price range during this period has spanned from $0.67 to $3.33. In the Healthcare sector, the Gritstone Bio Inc’s shares surpassed a trading volume of approximately 2.67 million for the day, which was noticeably lower compared to the average daily volume of 9.2.78 million over the past three months.

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Market Capitalization and Financial Performance: An In-Depth Look

Gritstone Bio Inc (GRTS) has experienced a quarterly decline of -63.44% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 92.96M and boasts a workforce of 231 employees.

Making Sense of Trading Volume and Moving Average Data

Based on Barchart.com data, the company’s moving average over the 100-day period was 1.9943, with a change in price of -0.8063. Similarly, Gritstone Bio Inc recorded 2,559,791 in trading volume during the last 100 days, posting a change of -47.99%.

Examining GRTS’s Debt-to-Equity Ratio: What You Need to Know

The debt-to-equity (D/E) ratio is a crucial measure that sheds light on a company’s financial health and market standing. It is determined by dividing a company’s overall liabilities by its shareholders’ equity, showing the extent of a company’s debt usage in financing its assets compared to the shareholders’ equity. At the time of writing, the total D/E ratio for GRTS stands at 2.02. Similarly, the long-term debt-to-equity ratio is also 1.89.

GRTS Stock Stochastic Average

Today’s raw stochastic average for Gritstone Bio Inc over the last 50 days is 8.32%.This indicates a decrease from the raw stochastic average of the past 20 days, which was 39.75%. Moreover, the company’s Stochastic %K and %D values for the last 20 days were 27.33% and 17.98%, respectively.

GRTS Stock Price Performance Analysis

Investors’ outlook regarding the stock price performance over the year has been split, with some feeling optimistic and others feeling pessimistic, as it’s been a mixed bag. Year to date metric has recorded a loss of -57.17%.However, over the last six months, we can see a stronger performance of -54.26%. Over the last 30 days, the price of GRTS has leaped by -27.19%. And in the last five days, it has surged by 7.48%.

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