It’s Not A Fantasy To Think That GRI Bio Inc (GRI) Has Big Future Potential

GRI Bio Inc (NASDAQ:GRI) currently has a daily average trading volume of 3.44M but it saw 13732071 shares traded in last market. With a market cap of 2.42M USD, the company’s current market price of $0.83 came rising about 34.67 while comparing to the previous closing price of $0.61. 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 $0.6301 while lowest mark touched by it was $0.92.

Taking a look at 20-day trading activity of GRI Bio Inc (GRI) gives us an average price of $0.5858, while its current price level is -99.39% below from 52-week high level whereas it is 174.30% 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 $0.5231 while that of 200 days or SMA-200 reads an average of $5.8877. A closer look into the stock’s movement over the week reveals that its volatility is standing at 20.12% during that period while stretching the period over a month that increases to 23.91%. 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 57.60 which implies that the stock is in neutral territory.

Over the week, GRI’s stock price is moving 2.61% up while it is 147.01% when we observe its performance for the past one month. Year-to-date it is -97.64% down and over the past year, the stock is showing a downside performance of -99.22%.

Company’s return on investment (ROI) stands at -171.92% and return on equity (ROE) at -189.06%. Stock’s beta reads -1.70. Stock has a price to book (P/B) ratio of 0.14. Its return on asset (ROA) is -130.64% on average.