Published on 15 Jan 2024 on Simply Wall St. via Yahoo Finance
Gritstone bio (NASDAQ:GRTS) investors are sitting on a loss of 87% if they invested three years ago
Gritstone bio, Inc. (NASDAQ:GRTS) shareholders will doubtless be very grateful to see the share price up 52% in the last month. But the last three years have seen a terrible decline. To wit, the share price sky-dived 87% in that time. So we're relieved for long term holders to see a bit of uplift. But the more important question is whether the underlying business can justify a higher price still. While a drop like that is definitely a body blow, money isn't as important as health and happiness.
With that in mind, it's worth seeing if the company's underlying fundamentals have been the driver of long term performance, or if there are some discrepancies.
See our latest analysis for Gritstone bio