Grail, Inc. (NASDAQ:GRAL – Get Free Report)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $52.60, but opened at $49.04. Grail shares last traded at $49.32, with a volume of 363,066 shares traded.
Wall Street Analysts Forecast Growth
A number of equities analysts recently commented on GRAL shares. Morgan Stanley started coverage on Grail in a research note on Wednesday, November 27th. They issued an “equal weight” rating and a $16.00 price target for the company. Wolfe Research assumed coverage on Grail in a report on Friday, November 15th. They set a “peer perform” rating on the stock.
Get Our Latest Stock Analysis on Grail
Grail Price Performance
Grail (NASDAQ:GRAL – Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The company reported ($1.86) EPS for the quarter, beating the consensus estimate of ($4.41) by $2.55. The company had revenue of $38.25 million for the quarter, compared to the consensus estimate of $35.33 million. Analysts expect that Grail, Inc. will post -15.15 EPS for the current fiscal year.
Institutional Investors Weigh In On Grail
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. FNY Investment Advisers LLC bought a new stake in Grail in the 4th quarter valued at about $26,000. State of Tennessee Department of Treasury acquired a new position in Grail in the 4th quarter valued at approximately $28,000. Lindbrook Capital LLC bought a new stake in shares of Grail in the 4th quarter valued at $28,000. Sterling Capital Management LLC bought a new stake in shares of Grail in the 4th quarter valued at $29,000. Finally, Wellington Shields Capital Management LLC bought a new position in Grail during the fourth quarter worth $33,000.
Grail Company Profile
GRAIL, Inc is a healthcare company. It engages in the development of a technology for early detection of cancer. The company was founded by Jeffrey T. Huber, William H. Rastetter, and Mostafa Ronaghi on September 11, 2015 and is headquartered in Menlo Park, CA.
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