Grail, Inc. (NASDAQ:GRAL – Get Free Report) fell 4.1% on Wednesday . The company traded as low as $39.00 and last traded at $39.82. 1,246,067 shares traded hands during mid-day trading, an increase of 4% from the average session volume of 1,201,935 shares. The stock had previously closed at $41.54.
Wall Street Analysts Forecast Growth
Several analysts have commented on GRAL shares. Morgan Stanley started coverage on Grail in a report on Wednesday, November 27th. They issued an “equal weight” rating and a $16.00 price objective on the stock. Wolfe Research started coverage on shares of Grail in a report on Friday, November 15th. They issued a “peer perform” rating for the company.
View Our Latest Analysis on Grail
Grail Trading Down 7.8 %
Grail (NASDAQ:GRAL – Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported ($1.86) earnings per share for the quarter, beating analysts’ consensus estimates of ($4.41) by $2.55. The firm had revenue of $38.25 million during the quarter, compared to analysts’ expectations of $35.33 million. As a group, equities analysts anticipate that Grail, Inc. will post -15.15 earnings per share for the current year.
Institutional Trading of Grail
Large investors have recently bought and sold shares of the business. FNY Investment Advisers LLC acquired a new stake in shares of Grail during the fourth quarter worth $26,000. Lindbrook Capital LLC purchased a new position in Grail during the 4th quarter worth $28,000. State of Tennessee Department of Treasury acquired a new stake in shares of Grail in the 4th quarter worth $28,000. Sterling Capital Management LLC purchased a new stake in shares of Grail in the fourth quarter valued at about $29,000. Finally, Wellington Shields Capital Management LLC acquired a new position in shares of Grail during the fourth quarter worth about $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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