GRITSTONE BIO INC (GRTS) Forecast, Price Target & Analyst Ratings

NASDAQ:GRTSUS39868T1051

Current stock price

0.0322 USD
-0.01 (-31.78%)
At close:
0.026 USD
-0.01 (-19.25%)
After Hours:

Analyst forecast overview

View the latest analyst price targets, stock forecast, EPS estimates, revenue projections, revisions, full estimates, rating distribution and upgrades/downgrades for GRITSTONE BIO INC (GRTS).

Forecast Snapshot

Consensus Price Target

Price Target
$0.77
+ 2,275.78% Upside

Next Earnings Forecast

Earnings Estimate
Release Date
Nov 7, 2024
Period
Q3 / 2024
EPS Estimate
-$0.19
Revenue Estimate

ChartMill Buy Consensus

Rating
43.33%
Weighted Analyst Rating Score

Price Target Details & History

Consensus Price Target and Range

Mean target
$0.77
Upside
+ 2,275.78%
From current price of $0.03 to mean target of $0.77, Based on 6 analyst forecasts
Low
$0.51
Median
$0.77
High
$1.05

Price Target Revisions

1 Month
-81.25%
3 Months
-80.43%

Price Target Summary

6 Wall Street analysts provided a forecast for the next 12 months for GRTS. The average price target is 0.77 USD. This implies a price increase of 2275.78% is expected in the next year compared to the current price of 0.0322.
The average price target has been revised downward by 80.43% in the past 3 months.

Analyst Ratings & History

Current Analyst Ratings

GRTS Current Analyst RatingGRTS Current Analyst Buy, Sell and Hold Ratings.Current Analyst Rating Strong Buy Buy Hold Sell Strong Sell 0.5 1 1.5 2 2.5

Analyst Ratings History

GRTS Historical Analyst RatingsGRTS Historical Analyst Buy, Sell and Hold Ratings and number of analysts.Historical Monthly Analyst Rating -19 -17 -15 -13 -11 -9 -7 -5 -3 -1 2 4 6 8 10

Analyst Ratings Consensus

ChartMill Buy Consensus
43.33%
GRTS was analyzed by 6 analysts. The buy percentage consensus is at 43. So analysts seem to be rather negative about GRTS.
In the last month the buy percentage fell by 37 points. So the trust of analysts is decreasing.
GRTS was analyzed by 6 analysts. More opinions would make the average more meaningful.

Recent Upgrades & Downgrades

DateFirmActionFrom → To
2024-10-02Jones TradingDowngrade Buy -> Hold
2024-10-02B. Riley SecuritiesDowngrade Buy -> Neutral
2024-10-01JMP SecuritiesDowngrade Market Outperform -> Market Perform
2024-10-01HC Wainwright & Co.Downgrade Buy -> Neutral
2024-08-15HC Wainwright & Co.Reiterate Buy -> Buy
2024-08-05JMP SecuritiesReiterate Market Outperform -> Market Outperform
2024-08-05HC Wainwright & Co.Reiterate Buy -> Buy
2024-06-14JMP SecuritiesReiterate Market Outperform -> Market Outperform
2024-05-24B. Riley SecuritiesReiterate Buy -> Buy
2024-05-13HC Wainwright & Co.Maintains Buy -> Buy
2024-04-02JMP SecuritiesMaintains Market Outperform -> Market Outperform
2024-03-06HC Wainwright & Co.Reiterate Buy -> Buy
2024-02-28JMP SecuritiesInitiate Market Outperform
2023-09-28Piper SandlerMaintains Overweight -> Overweight
2023-08-10HC Wainwright & Co.Reiterate Buy -> Buy
2023-05-15HC Wainwright & Co.Reiterate Buy -> Buy
2023-03-28B. Riley SecuritiesInitiate Buy
2023-03-14HC Wainwright & Co.Reiterate Buy
2023-02-15HC Wainwright & Co.Maintains Buy
2022-11-07HC Wainwright & Co.Maintains Buy
2022-10-31Piper SandlerInitiate Overweight
2022-08-22Goldman SachsDowngrade Neutral -> Sell
2022-05-09HC Wainwright & Co.Maintains Buy

Next Earnings Forecast Details

Next Earnings Details

Release Date
Nov 7, 2024
Period
Q3 / 2024
EPS Estimate
-$0.19
Revenue Estimate
Revenue Q2Q
-100.00%
EPS Q2Q
42.51%
Number of Analysts
4

Next Earnings Revisions

Revenue (1 Month)
-100.00%
Revenue (3 Months)
-100.00%
EPS (1 Month)
-7.41%
EPS (3 Months)
20.85%

Next Earnings Summary

GRTS is expected to report earnings on 11/7/2024. The consensus EPS estimate for the next earnings is -0.19 USD and the consensus revenue estimate is 0 USD.
The next earnings revenue estimate has been revised downward by 100% in the past 3 months. Downward revisions are a negative sign and indicate that analysts are more pessimistic about the next earnings compared to 3 months ago.

Full Analyst Estimates

Yearly Earnings Per Share (EPS), Revenue, EBIT, EBITDA and Operating Margin Analyst Estimates

2021 2022 2023 2024 2025 2026 2027 2028 2029 2030
Revenue
YoY % growth
GRTS revenue by date.GRTS revenue by date.
48.21M
1,093.32%
19.95M
-58.62%
16.344M
-18.08%
2.907M
-82.21%

-100.00%
12.227M59.962M
390.41%
185.48M
209.33%
519.42M
180.04%
878.05M
69.04%
EBITDA
YoY % growth
GRTS ebitda by date.GRTS ebitda by date.
-68.86M
30.71%
-113.87M
-65.36%
-132.03M
-15.95%
-132.214M
-0.14%
-156.844M
-18.63%
-161.779M
-3.15%
N/AN/AN/AN/A
EBIT
YoY % growth
GRTS ebit by date.GRTS ebit by date.
-75.21M
29.06%
-120.43M
-60.12%
-139.621M
-15.94%
-132.98M
4.76%
-147.851M
-11.18%
-180.203M
-21.88%
-211.121M
-17.16%
-144.998M
31.32%
146.24M
200.86%
467.61M
219.76%
Operating Margin
GRTS operating margin by date.GRTS operating margin by date.
-156.00%-603.66%-854.26%-4,574.49%N/A-1,473.82%-352.09%-78.17%28.15%53.26%
EPS
YoY % growth
GRTS eps by date.GRTS eps by date.
-0.96
65.47%
-1.33
-38.54%
-1.20
9.77%
-0.97
19.29%
-1.00
-3.11%
-1.15
-14.74%
-0.43
62.61%
0.18
142.86%
0.99
438.89%
1.66
68.04%

All data in USD

Quarterly Earnings Per Share (EPS), Revenue, EBIT and EBITDA Analyst Estimates

Q3 / 24 Q4 / 24 Q1 / 25 Q2 / 25 Q3 / 25 Q4 / 25
EPS
Q2Q % growth
-0.19
42.51%
-0.23
12.85%
-0.18
46.00%
-0.17
-8.38%
-0.17
8.60%
-0.17
23.47%
Revenue
Q2Q % growth

-100.00%
5.526M
-46.78%
1.734M
-0.46%
1.734M
88.27%
1.836M1.836M
-66.78%
EBITDA
Q2Q % growth
N/AN/AN/AN/AN/AN/A
EBIT
Q2Q % growth
-40.036M
-3.72%
-34.681M
-13.82%
-29.58M
25.68%
-30.09M
-9.07%
-30.09M
24.84%
-30.6M
11.77%

All data in USD

Yearly Earnings Per Share (EPS) and Revenue Trends vs Historical Data

GRTS Yearly Revenue VS EstimatesGRTS Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2018 2019 2020 2021 2022 2023 2024 2026 2027 2028 2029 2030 200M 400M 600M 800M
GRTS Yearly EPS VS EstimatesGRTS Yearly EPS VS EstimatesYearly EPS VS Estimates 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 0 1 -1 -2 -3

Long Term Forward Growth Forecast Summary

Long Term EPS Growth (CAGR)

EPS Next 3 Year
1.48%
EPS Next 5 Year
16.58%

Long Term Revenue Growth (CAGR)

Revenue Next 3 Year
2.57%
Revenue Next 5 Year
74.91%

Long Term EBIT Growth (CAGR)

EBIT Next 3 Year
-2.82%
EBIT Next 5 Year
N/A

GRITSTONE BIO INC / GRTS Forecast FAQ

What is the average price target for GRITSTONE BIO INC (GRTS) stock?

6 analysts have analysed GRTS and the average price target is 0.77 USD. This implies a price increase of 2275.78% is expected in the next year compared to the current price of 0.0322.

Can you provide the upcoming earnings date for GRITSTONE BIO INC?

GRITSTONE BIO INC (GRTS) will report earnings on 2024-11-07, after the market close.

What are the consensus estimates for GRTS stock next earnings?

The consensus EPS estimate for the next earnings of GRITSTONE BIO INC (GRTS) is -0.19 USD and the consensus revenue estimate is 0 USD.

What is the consensus rating for GRITSTONE BIO INC (GRTS) stock?

The consensus rating for GRITSTONE BIO INC (GRTS) is 43.3333 / 100 . This indicates that analysts generally have a neutral outlook on the stock.