Does Graybug Vision Inc. (GRAY)s Current Price Volatility Hinder Its Future Potential?
Graybug Vision Inc. (NASDAQ:GRAY) has seen 23.91 million shares traded in the last trading session. The company, currently valued at $116.40M, closed the last trade at $5.87 per share which meant it gained $0.34 on the day or 6.15% during that session. The GRAY stock price is -545.32% off its 52-week high price of $37.88 and 41.57% above the 52-week low of $3.43. If we look at the companys 10-day average daily trading volume, we find that it stood at 8.62 million shares traded. The 3-month trading volume is 1.19 million shares. The consensus among analysts is that Graybug Vision Inc. (GRAY) is a Hold stock at the moment, with a recommendation rating of 2.80. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 4 out of 5 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -$0.46. Graybug Vision Inc. (NASDAQ:GRAY) trade information  Sporting 6.15% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on Friday, 06/11/21 when the GRAY stock price touched $5.87 or saw a rise of 15.78%. Year-to-date, Graybug Vision Inc. shares have moved -79.77%, while the 5-day performance has seen it change 39.10%. Over the past 30 days, the shares of Graybug Vision Inc. (NASDAQ:GRAY) have changed 42.82%. Short interest in the company has seen 1.24 million shares shorted with days to cover at 1.87. Wall Street analysts have a consensus price target for the stock at $4.75, which means that the shares value could drop -23.58% from current levels. The projected low price target is $4.00 while the price target rests at a high of $6.00. In that case, then, we find that the current price level is -2.21% off the targeted high while a plunge would see the stock lose 31.86% from current levels. Graybug Vision Inc. (GRAY) estimates and forecasts  Figures show that Graybug Vision Inc. shares have outperformed across the wider relevant industry. The companys shares have lost -72.03% over the past 6 months, with this year growth rate of 63.81%, compared to 8.70% for the industry. GRAY Dividends  Graybug Vision Inc. is expected to release its next earnings report in July this year, and investors are excited at the prospect of better dividends despite the companys debt issue. Graybug Vision Inc. (NASDAQ:GRAY)s Major holders  Insiders own 10.47% of the company shares, while shares held by institutions stand at 70.68% with a share float percentage of 78.95%. Investors are also buoyed by the number of investors in a company, with Graybug Vision Inc. having a total of 71 institutions that hold shares in the company. The top two institutional holders are Deerfield Management Company, L.P. (Series C) with over 5.28 million shares worth more than $29.31 million. As of Mar 30, 2021, Deerfield Management Company, L.P. (Series C) held 25.08% of shares outstanding. 5 Stocks Under $10 That Are Poised to Take Off Investing in stocks under $10 could significantly increase the returns on your portfolio, especially if you pick the right stocks! Within this report you will find 5 top stocks that offer investors huge upside potential and the best bang for their buck. Investing in stocks under $10 could significantly increase the returns on your portfolio, especially if you pick the right stocks! Within this report you will find 5 top stocks that offer investors huge upside potential and the best bang for their buck. Add them to your watchlist before they take off! Get the Top 5 Stocks Now! Sponsored  The other major institutional holder is Orbimed Advisors LLC., with the holding of over 4.16 million shares as of Mar 30, 2021. The firms total holdings are worth over $23.11 million and represent 19.77% of shares outstanding. Also the top two Mutual Funds that are holding companys shares are Fidelity Series Small Cap Opportunities Fund and iShares Russell 2000 ETF. As of Jan 30, 2021, the former fund manager holds about 1.82% shares in the company for having 0.38 million shares of worth $11.76 million while later fund manager owns 0.15 million shares of worth $0.83 million as of Mar 30, 2021, which makes it owner of about 0.71% of companys outstanding stock.