The trading price of GRAIL Inc. (NASDAQ:GRAL) closed lower on current market day and closing at $14.05, -0.28% lower than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $13.2575 and $14.16. In examining the 52-week price action we see that the stock hit a 52-week high of $23.36 and a 52-week low of $12.51. Over the past month, the stock has lost -11.47% in value.
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GRAIL Inc., whose market valuation is $436.25 million at the time of this writing, is expected to release its quarterly earnings report in October. Investors’ optimism about the company’s current quarter earnings report is understandable.
A quick review shows that GRAL’s price is currently -3.86% off the SMA20 and -9.23% off the SMA50. The RSI metric on the 14-day chart is currently showing 45.99, and weekly volatility stands at 5.47%. When measured over the past 30 days, the indicator reaches 7.24%. GRAIL Inc. (NASDAQ:GRAL)’s beta value is currently sitting at 0, while the Average True Range indicator is currently displaying 1.08.
To see how GRAIL Inc. stock has been performing in comparison to its peers in the industry, here are the numbers: GRAL stock’s performance was -0.28% in the latest trading.
An evaluation of the daily trading volume of GRAIL Inc. (NASDAQ:GRAL) indicates that the 3-month average is 1.41 million. However, this figure has increased over the past 10 days to an average of 1.08.
Currently, records show that 31.05 million of the company’s shares remain outstanding. The insiders hold 15.29% of outstanding shares, whereas institutions hold 71.97%. The stats also highlight that short interest as of 2024-08-30, stood at 3.18 million shares, resulting in a short ratio of 3.81 at that time. It is noteworthy that short shares in August were down slightly from the previous month’s figure, which was 3.39 million. However, since the stock’s price has seen 2.86% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
