Why GRAIL Inc Stock Might Make Sense If Bought Today

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GRAIL Inc (NASDAQ:GRAL) traded at $17.68 at close of the session on current trade day and made an upward move of 7.12% on its previous day’s price.

Looking at the stock we see that its previous close was $16.50 with the day’s price range being $16.485 – $17.84. In terms of its 52-week price range, GRAL has a high of $23.36 and a low of $12.33. The company’s stock has gained about 36.00% over that past 30 days.

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GRAIL Inc has a market cap of $598.59 million and is expected to release its quarterly earnings report in December.

Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 31.9M, with a low of 31.8M and a high of 32M.

Looking further, we note the current price level is 19.38% off its SMA20 and 25.58% from its 50-day simple moving average. The RSI (14) is pointing at 69.72 while the volatility over the past week is 7.15% and jumps to 6.90% over the past one month.

Coming back to GRAIL Inc (NASDAQ:GRAL), we note that the average 3-month trading volume was 742.63K, while that of the preceding 10-day period stands at 0.77 million. Current shares outstanding are 31.05 million.

The insiders hold 15.42% of the company’s shares while institutions hold 72.16%. The data shows that short shares as of 2024-10-31, stood at 3.31 million at a short ratio of 6.75. Shares short fall in October from the previous month at 3.34 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 29.43% up in year-to-date price movement.

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