Gracell Biotechnologies Inc. (NASDAQ:GRCL – Get Rating) noticed a big progress in brief curiosity in December. As of December fifteenth, there was quick curiosity totalling 230,200 shares, a progress of 49.0% from the November thirtieth complete of 154,500 shares. Based mostly on a median buying and selling quantity of 92,500 shares, the short-interest ratio is presently 2.5 days. At present, 0.4% of the corporate’s inventory are bought quick.
Analyst Upgrades and Downgrades
A number of equities analysts have just lately weighed in on the corporate. HC Wainwright assumed protection on Gracell Biotechnologies in a report on Thursday, December eighth. They issued a “purchase” ranking and a $6.00 worth goal for the corporate. Citigroup assumed protection on Gracell Biotechnologies in a report on Thursday, September twenty second. They issued a “purchase” ranking and a $12.00 worth goal for the corporate. 5 funding analysts have rated the inventory with a purchase ranking, In accordance with knowledge from MarketBeat, the corporate presently has a consensus ranking of “Purchase” and a consensus goal worth of $13.20.
Hedge Funds Weigh In On Gracell Biotechnologies
A variety of hedge funds and different institutional buyers have just lately purchased and bought shares of GRCL. Tower Analysis Capital LLC TRC grew its holdings in Gracell Biotechnologies by 1,279.0% in the course of the third quarter. Tower Analysis Capital LLC TRC now owns 8,357 shares of the corporate’s inventory value $27,000 after buying a further 7,751 shares in the course of the interval. Jane Road Group LLC purchased a brand new stake in shares of Gracell Biotechnologies in the course of the first quarter value roughly $31,000. Vident Funding Advisory LLC boosted its holdings in shares of Gracell Biotechnologies by 58.0% in the course of the first quarter. Vident Funding Advisory LLC now owns 19,961 shares of the corporate’s inventory value $47,000 after buying a further 7,331 shares in the course of the interval. Renaissance Applied sciences LLC purchased a brand new stake in shares of Gracell Biotechnologies in the course of the first quarter value roughly $55,000. Lastly, Balyasny Asset Administration LLC purchased a brand new stake in shares of Gracell Biotechnologies in the course of the third quarter value roughly $79,000. Institutional buyers personal 45.10% of the corporate’s inventory.
Gracell Biotechnologies Inventory Efficiency
Gracell Biotechnologies stock opened at $2.30 on Friday. Gracell Biotechnologies has a 52 week low of $1.68 and a 52 week excessive of $6.52. The corporate has a present ratio of 6.77, a fast ratio of 6.77 and a debt-to-equity ratio of 0.03. The inventory has a 50-day easy shifting common of $3.02 and a 200 day easy shifting common of $3.30.
Gracell Biotechnologies (NASDAQ:GRCL – Get Rating) final posted its quarterly earnings outcomes on Monday, November 14th. The corporate reported ($0.36) EPS for the quarter, lacking analysts’ consensus estimates of ($0.09) by ($0.27). As a bunch, sell-side analysts forecast that Gracell Biotechnologies will put up -0.29 earnings per share for the present fiscal 12 months.
Gracell Biotechnologies Firm Profile
Gracell Biotechnologies Inc, a clinical-stage biopharmaceutical firm, primarily discovers and develops cell therapies for the therapy of most cancers within the Folks’s Republic of China. Its lead product candidates embrace GC012F, a FasTCAR-enabled twin BCMA- and CD19-directed autologous CAR-T product candidate that’s in Section I trial for the therapy of a number of myeloma; GC019F, a FasTCAR-enabled CD19-directed autologous CAR-T product candidate, which is in Section I scientific trial for the therapy of grownup B cell acute lymphoblastic leukemia (B-ALL), in addition to in preclinical stage for the therapy of relapsed or refractory (r/r) B cell non-Hodgkin’s lymphoma (B-NHL); and GC027, a TruUCAR-enabled CD7-directed allogeneic CAR-T product candidate, which is in Section I scientific trial for the therapy of grownup T cell acute lymphoblastic leukemia.
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