GRI Bio Inc (NASDAQ: GRI) – Time For Strategy Change?

GRI Bio Inc (NASDAQ:GRI) currently has a daily average trading volume of 998.96K but it saw 11876082 shares traded in last market. With a market cap of 1.36M USD, the company’s current market price of $0.46 came rising about 25.43 while comparing to the previous closing price of $0.37. In past 52 weeks, the stock remained buoying in the range of price level as high as $142.87 and as low as $0.30. In the recent trading on the day, stock has struck highest price mark of $0.3808 while lowest mark touched by it was $0.5485.

Taking a look at 20-day trading activity of GRI Bio Inc (GRI) gives us an average price of $0.4054, while its current price level is -99.68% below from 52-week high level whereas it is 53.93% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $0.4656 while that of 200 days or SMA-200 reads an average of $7.3346. A closer look into the stock’s movement over the week reveals that its volatility is standing at 19.86% during that period while stretching the period over a month that decreases to 18.34%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 51.98 which implies that the stock is in neutral territory.

Over the week, GRI’s stock price is moving 7.93% up while it is -4.33% when we observe its performance for the past one month. Year-to-date it is -98.68% down and over the past year, the stock is showing a downside performance of -99.66%.

Company’s return on investment (ROI) stands at -171.92% and return on equity (ROE) at -189.06%. Stock’s beta reads -1.72. Stock has a price to book (P/B) ratio of 0.08. Its return on asset (ROA) is -130.64% on average.