The stock of Grifols, S.A. (NASDAQ:GRFS) is now priced at $18.63 and the shares are 0.04 points up or 0.22% higher compared to its previous closing price of $18.59. The stock had 339322 contracts set over the past session. GRFS shares’ daily volume is compared to its average trading volume at 1.027 million shares. However, it has a float of 0 and although its performance was 1.92% over the week, it’s one to watch. Analysts have given the GRFS stock a yearly average price target of $26.75 per share. It means the stock’s upside potential is 43.59% with the GRFS share price recently placing at $18.49 to $19. However, some brokerage firms have priced the stock below the average, including one that has called $21.
The shorts are climbing into the Grifols, S.A. stock, with the latest data on short interest released on June 15, 2020, showing that short interest numbers in the GRFS shares have risen. Short interest in the stock represents just 0% of its float, but the volume has raised by 352554. The volume of shorted shares rised to 2.855 million from 2.503 million shares over the last two weeks. The average intraday trading volume has been 1.132 million shares, which means that days to cover moved to roughly 2.523382.
In the last trading session, Grifols, S.A. (NASDAQ:GRFS) raised by $0.38 over the week and lost -$1.09 on its 20-day. The stock’s high in the recent session is lower when compared to its 52-week high of $25.73. The stock recorded its established 52-week high on 02/21/20.
Since 03/16/20, the stock has traded to a low of $13.4 at 39.03%, an encouraging piece of data likely to interest most investors out to exploit the stock’s recent surge.
Looking at current readings, Grifols, S.A.’s two-week RSI is 42.67. This suggests that the stock is neutral at the moment and that GRFS shares’ price movement remains stable. The stochastic readings are equally revealing at 20.55% meaning the GRFS share price is currently in overbought territory.
The technical chart shows that the GRFS stock will likely settle at between $18.9 and $19.2 per share. However, if the stock dips below $18.39, then its market would become much weaker. Any downside could see the stock price sliding to levels as low as $18.18.
Currently, the stock is trading in the green of MACD, with a reading of 0.03. Investors always pay attention to any move above or below the zero-line, mainly because the indicator points to the position of the stock’s short-term average relative to its long-term measure. A MACD -a reading above the zero line means that the short-term is above the long-term average. This scenario implies that there is an upward momentum. The opposite is true when the MACD falls below the zero-line.
Analysts at HSBC Securities raised their recommendation for GRFS from Reduce to Hold in June 09 review. Citigroup analysts downgraded their recommendation of the stock from Neutral to Sell in a flash note released to investors on June 09. Citigroup seeing the stock struggling downgraded it from Buy to Neutral on March 25.
The average rating for the GRFS equity is 1.67 and is currently gathering a bullish momentum. Of 3 analysts tracking Grifols, S.A. polled by Reuters, 1 rated GRFS as a hold. The remaining 2 analysts were split evenly. However, the split wasn’t equal as a majority (2) rated it as a buy or strong buy. 0 analyst advised investors against buying the stock or to sell if they own any of the stock.
Elsewhere, the GRFS stock price is 12.15X ahead of its 12-month Consensus earnings per share estimates. The stocks P/S ratio currently stands at 16.3below the group’s average of 20.3. Grifols, S.A. has its P/E ratio at 2, which means that the stock is currently trading at a discount relative to the 5.7 industry average.
Zacks Consensus Estimate forecasts that the current-quarter revenues for Grifols, S.A. (NASDAQ:GRFS) will increase by about 17.56%, which will see them reach $1520 million. The company’s full-year revenues are, however, expected to increase by about 8.41%, up from $5710 million to $6190 million. GRFS’s expected adjusted earnings should surge almost 11.76% to end up at $0.38 per share, while for the fiscal year, analysts project the company’s earnings to grow by about 16.95% to record $1.38/share.