Technicals Say Grifols S.A. (GRFS) Is A Hold

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Grifols S.A. (NASDAQ:GRFS) traded with an addition of $0.31 to close at $8.35 on Thursday, an upside of 3.86 percent. An average of 487,274 shares of common stock have been traded in the last five days. There was a gain of $0.36 in the past week, and it reached a new high 11 times over the past 12 months. The last 20 days have seen an average of 973,844 shares traded, while the 50-day average volume stands at 1,321,975.

GRFS stock has increased by 1.64% in the last month. The company shares reached their 1-month lowest point of $7.53 on 12/20/22. With the stock rallying to its 52-week high on 05/24/22, shares of the company touched a low of $5.71 and a high of $13.34 in 52 weeks. It has reached a new high 10 times so far this year and lost -28.41% or -$2.90 in price. In spite of this, the price is down -37.41% from the 52-week high.


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Valuation Metrics

Grifols S.A. (GRFS) has a trailing price-to-earnings (P/E) ratio of 80.40. The stock’s beta is 0.48. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.25, the price-to-book (PB) ratio at 1.72.

Financial Health

The quick ratio of Grifols S.A. for the three months ended June 29 was 0.90, and the current ratio was 2.70, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.49 and a total debt to equity ratio of 1.56 for the quarter ending June 29. Grifols S.A.’s EBITDA margin for the year ending June 29 is 18.74%. Its gross profit as reported stood at $2.32 billion compared to revenue of $5.84 billion.

Earnings Surprise

For the three-month period that ended June 29, Grifols S.A. had $0.37 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $297.17 million in the quarter, while revenues were shrunk -167.21%. The analyst consensus anticipated Grifols S.A.’s latest quarter earnings to come in at $0.27 per share, but it turned out to be $0.28, a 3.70% surprise. For the quarter, EBITDA amounted to $282.41 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Grifols S.A. (GRFS) price momentum. RSI 9-day as of the close on 28 December was 62.91%, suggesting the stock is Neutral, with historical volatility in this time frame at 37.24%.

As of today, GRFS’s price is $8.13 +4.59% or $0.36 from its 5-day moving average. GRFS is currently trading +2.15% higher than its 20-day SMA and -7.09% lower than its 100-day SMA. However, the stock’s current price level is +29.47% above the SMA50 and -22.34% below the SMA200.

The stochastic %K and %D were 72.64% and 68.66%, respectively, and the average true range (ATR) was 0.28. With the 14-day stochastic at 90.34% and the average true range at 0.30, the RSI (14) stands at 59.82%. The stock has reached 0.20 on the 9-day MACD Oscillator while the 14-day reading was at 0.18.

Analyst Ratings

Morgan Stanley launched coverage on Grifols S.A. (NASDAQ: GRFS) in its analyst report released on April 08, 2022. The firm assigned the stock an Equal-weight rating. The consensus rating for Grifols S.A. (GRFS) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell GRFS, while 3 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 2 others rate it as a “buy”.

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