GRAIL Inc (NASDAQ:GRAL) price closed higher on current market day and jumping 5.30% above its previous close.
A look at the daily price movement shows that the last close reads $40.03. Taking into account the 52-week price action we note that the stock hit a 52-week high of $63.99 and 52-week low of $12.33. The stock added 19.74% on its value in the past month.
On average, analysts have forecast the company’s revenue for the quarter will hit 37.67M, with the likely lows of 36.4M and highs of 39M. Staying with the analyst view, there is a consensus estimate of 147.73M for the company’s annual revenue in current year. Per this projection, the revenue is forecast to grow 17.63% above that which the company brought in the current year earning report.
The overview shows that GRAL’s price is at present 7.02% off the SMA20 and 25.31% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 58.95, with weekly volatility standing at 4.01%. The indicator jumps to 8.98% when calculated based on the past 30 days. GRAIL Inc (NASDAQ:GRAL)’s beta value is holding at 3.34, while the average true range (ATR) indicator is currently reading 4.03. Considering analysts have assigned the stock a price target range of $32-$32 as the low and high respectively, we find the trailing 12-month average consensus price target to be $32. Based on this estimate, we see that current price is roughly 24.08% off the estimated low and 24.08% off the forecast high. Investors will no doubt be excited to see the share price rise to $32, which is the median consensus price, and at that level GRAL would be 24.08% from current price.
Current records show that the company has 35.30M in outstanding shares. The insiders’ percentage holdings are 17.54% of outstanding shares while the percentage share held by institutions stands at 65.98%. But the 136.13% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
