GRAIL Inc (NASDAQ:GRAL) shares, rose in value on Wednesday, January 22, with the stock price up by 22.44% to the previous day’s close as strong demand from buyers drove the stock to $22.64.
Actively observing the price movement in the last trading, the stock closed the session at $18.49, falling within a range of $18.805 and $23.7299. Referring to stock’s 52-week performance, its high was $24.92, and the low was $12.33. On the whole, GRAL has fluctuated by 25.15% over the past month.
With the market capitalization of GRAIL Inc currently standing at about $760.72 million, investors are eagerly awaiting this quarter’s results, scheduled for in February.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 120.62M, with a low estimate of 31.8M and a high estimate of 32M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 31.9M.
The stock’s technical analysis shows that the price of GRAL currently trading nearly 21.76% and 23.75% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 66.46, while the 7-day volatility ratio is showing 13.48% which for the 30-day chart, stands at 9.93%. Furthermore, GRAIL Inc (GRAL)’s average true range (ATR) is 1.92.
Data on historical trading for GRAIL Inc (NASDAQ:GRAL) indicates that the trading volumes over the past 10 days have averaged 0.77 and over the past 3 months, they’ve averaged 817.99K. According to company’s latest data on outstanding shares, there are 33.20 million shares outstanding.
Nearly 14.51% of GRAIL Inc’s shares belong to company insiders and institutional investors own 67.10% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 5.81 million shares as on 2024-12-31, resulting in a short ratio of 5.48. The stock has risen by 26.83% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the GRAL stock heading into the next quarter.
