24-Apr-2024
Grifols SA’s Related Party Transactions: Navigating Conflicts of Interest and Investor Concerns
TipRanks (Sun, 21-Apr 2:00 AM ET)
Grifols 2023 Annual Report on Form 20-F filed with the SEC
PRNewswire (Fri, 19-Apr 4:42 PM ET)
Globe Newswire (Thu, 18-Apr 9:30 AM ET)
Globe Newswire (Thu, 4-Apr 4:00 AM ET)
Globe Newswire (Sun, 31-Mar 11:46 AM ET)
Globe Newswire (Fri, 29-Mar 2:11 PM ET)
Globe Newswire (Fri, 22-Mar 7:47 AM ET)
As a vertically integrated plasma derivative producer, Spain-based Grifols collects plasma and then manufactures and sells plasma-derived products globally. By acquiring Talecris in 2011, Grifols dramatically expanded its plasma-derived product portfolio, and following the firm's Biotest acquisition in April 2022, the biopharma business contributed 84% of sales in 2023. Grifols also has smaller segments including diagnostics (10% of sales) and biosupplies.
Grifols S.A. - American Depositary Shares trades on the NASDAQ stock market under the symbol GRFS.
As of April 24, 2024, GRFS stock price declined to $6.39 with 912,994 million shares trading.
GRFS has a beta of 1.04, meaning it tends to be more sensitive to market movements. GRFS has a correlation of 0.03 to the broad based SPY ETF.
GRFS has a market cap of $4.34 billion. This is considered a Mid Cap stock.
In the last 3 years, GRFS stock traded as high as $19.07 and as low as $5.30.
The top ETF exchange traded funds that GRFS belongs to (by Net Assets): IBB, SPDW, KOMP, BINV, APIE.
GRFS has underperformed the market in the last year with a price return of -15.6% while the SPY ETF gained +24.2%. GRFS has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -13.1% and -11.0%, respectively, while the SPY returned +4.6% and -2.7%, respectively.
GRFS support price is $6.28 and resistance is $6.68 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that GRFS stock will trade within this expected range on the day.