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Graybug Vision Inc. (GRAY) Volatility Hits 11.12% – Here Is What You Should Do

Graybug Vision Inc. (NASDAQ:GRAY) concluded the trading at $0.67 on Wednesday, November 23 with a fall of -10.07% from its closing price on previous day.

Taking a look at stock we notice that its last check on previous day was $0.75 and 5Y monthly beta was reading 1.02 with its price kept floating in the range of $0.662 and $0.73 on the day. Considering stock’s 52-week price range provides that GRAY hit a high price of $2.93 and saw its price falling to a low level of $0.63 during that period. Over a period of past 1-month, stock came subtracting -31.67% in its value.

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With its current market valuation of $14.95 million, Graybug Vision Inc. is set to declare its quarterly results on Nov 09, 2022 – Nov 14, 2022. Analysts are in estimates of -$0.41 per share for company’s earnings in the current quarter and are expecting its annual EPS growth moving up to -$1.69 for 2022 with estimates of that growing to -$1.64 in next year.

In last 7 days, analysts came adjusting their opinions about stock’s EPS with no upward and no downward revisions, an indication which could give clearer idea about the company’s short term price movement. In contrast, when we review GRAY stock’s current outlook then short term indicators are assigning it an average of 100% Sell, while medium term indicators are categorizing the stock at an average of 50% Sell. Long term indicators are suggesting an average of 100% Sell for it.

Digging deeper we become aware of the PEG ratio of the GRAY stock which is currently positioned at 0. It further provides that stock’s current price level is -30.77% away from its 20-day simple moving average and is -31.42% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 23.86 while volatility remained at 11.12% over the past week which changes to 7.25% when measuring it over the past month. Average true range or ATR is currently at 0.08.

Having a second look at Graybug Vision Inc. (NASDAQ:GRAY) provides that stock’s average daily trading volume for 3 months was 89.59K, while it jumped to 0.1 million when we calculate an average volume for past 10 days. Number of outstanding shares of the stock stood at 21.54 million.

The percentage of outstanding shares held by the insiders is 0.90% while it is 50.40% for the institutional holders. The figures also indicate that as of Oct 13, 2022, number of stock’s short shares was 74040.0 which implies a short ratio of 1.84. This shows up a 0.34% of Short Interest in company’s outstanding shares on the day. In October the standing of shares short improved as it was 66840.0 in the previous month. Subtraction of -63.39% by stock’s current price to its year-to-date value in last trading session is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.

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