Spotting A Winner: GRI Bio Inc (NASDAQ: GRI) Retreats -16.91 And It Still Have Room To Run

GRI Bio Inc (NASDAQ:GRI) currently has a daily average trading volume of 3.52M but it saw 3087938 shares traded in last market. With a market cap of 2.36M USD, the company’s current market price of $0.81 came falling about -16.91 while comparing to the previous closing price of $0.97. In past 52 weeks, the stock remained buoying in the range of price level as high as $134.68 and as low as $0.30. In the recent trading on the day, stock has struck highest price mark of $0.714 while lowest mark touched by it was $0.9384.

Taking a look at 20-day trading activity of GRI Bio Inc (GRI) gives us an average price of $0.5011, while its current price level is -99.40% below from 52-week high level whereas it is 167.33% 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 $0.4986 while that of 200 days or SMA-200 reads an average of $6.5990. A closer look into the stock’s movement over the week reveals that its volatility is standing at 40.57% during that period while stretching the period over a month that decreases to 24.14%. 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 58.23 which implies that the stock is in neutral territory.

Over the week, GRI’s stock price is moving 73.67% up while it is 75.22% when we observe its performance for the past one month. Year-to-date it is -97.70% down and over the past year, the stock is showing a downside performance of -99.20%.

The latest quarterly earnings report issued by the company reported quarterly earnings per share (EPS) of -1255.8 beaten by the consensus estimate of -600.6 for the same. The company is expected to be releasing its next quarterly report in November, for which analysts forecasted an EPS of 0 while estimate for next year EPS is 0.

Company’s return on investment (ROI) stands at -171.92% and return on equity (ROE) at -189.06%. Stock’s beta reads -1.78. Stock has a price to book (P/B) ratio of 0.14. Its return on asset (ROA) is -130.64% on average.