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Should You Sell Grifols S.A. (GRFS) And Go Away This Year?

Katie Ford by Katie Ford
March 17, 2023
in Technology and Energy
0

Grifols S.A. (NASDAQ:GRFS) currently has a daily average trading volume of 940.62K but it saw 2183647 shares traded on Thursday. With a market cap of 5.96B USD, stock’s current market price of $6.87 came falling about -7.79 while comparing to the previous closing price of $7.45. In past 52 weeks, the stock remained buoying in the range of price level as high as $13.34 and as low as $5.71. In the recent trading on the day, stock has struck highest price mark of $7.00 while lowest mark touched by it was $6.74.

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Taking a look at 20-day trading activity of Grifols S.A. (GRFS) gives us an average price of $8.54, while its current price level is -48.50% below from 52-week high level whereas it is 20.32% 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 $9.04 while that of 200 days or SMA-200 reads an average of $8.78. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.90% during that period while stretching the period over a month that increases to 4.54%. 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 23.55 which implies that the stock is in oversold territory.

Data by FactSet Research shows that 6 analysts have issued their ratings for the stock. 0 of them are in opinions that stock is a Sell, while 0 are advising it as an Overweight. 3 analysts suggested the investors to Buy the stock while 3 advised them to Hold. Recommendations by all of those brokerages imply a consensus rating of Overweight for the stock and that issued by Wall Street to investors is Hold.

Over the week, GRFS’s stock price is moving -9.84% down while it is -29.39% when we observe its performance for the past one month. Year-to-date it is -19.18% down and over the past year, the stock is showing a downside performance of -35.91%.

The latest quarterly earnings report issued by the company was for quarter ended 6/29/2021, when its quarterly earnings per share (EPS) of $0.28 beat the consensus estimate of $0.27 for the same.

Currently, Grifols S.A.’s total number of outstanding shares is 256.23M with 0.00% of that held by the insiders while 42.36% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 3.40%. It has a price to earnings ratio (P/E ratio) of 68.70 while having a 14.02 of forward P/E ratio. Stock’s beta reads 0.44. Stock has a price to book (P/B) ratio of 1.52 while price to sale or P/S ratio amounts to 1.08.

A filing at the U.S. Securities and Exchange Commission revealed that American Funds New Perspective Fu came shrinking its share ownership by 10.42% in the Grifols S.A. (GRFS) increasing its stake to 5.12% with control over 1.26 million shares in the company.

Tags: GRFSGRFS stockGrifols S.A.NASDAQ:GRFS
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