The 36-month beta value for GRND is at 0.28. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for GRND is 19.27M, and currently, shorts hold a 17.73% of that float. The average trading volume for GRND on May 27, 2024 was 439.80K shares.
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GRND) stock’s latest price update
Grindr Inc (NYSE: GRND)’s stock price has increased by 2.29 compared to its previous closing price of 9.16. However, the company has seen a -1.16% decrease in its stock price over the last five trading sessions. businesswire.com reported 2024-05-13 that LOS ANGELES–(BUSINESS WIRE)–Grindr Inc. (NYSE: GRND), the premiere LGBTQ+ social connector, today announced participation in the following upcoming investor events. J.P. Morgan Global Technology, Media and Communications Conference Location: Boston, MA Date: Tuesday, May 21, 2024 Fireside Chat Presentation: 3:05 PM ET Speaker: Chief Executive Officer, George Arison TD Cowen Technology, Media & Telecom Conference Location: New York, NY Date: Thursday, May 30, 2024 Fireside Chat Presentatio.
GRND’s Market Performance
GRND’s stock has fallen by -1.16% in the past week, with a monthly drop of -1.99% and a quarterly rise of 10.24%. The volatility ratio for the week is 3.07% while the volatility levels for the last 30 days are 3.27% for Grindr Inc The simple moving average for the last 20 days is -5.99% for GRND stock, with a simple moving average of 19.73% for the last 200 days.
Analysts’ Opinion of GRND
Many brokerage firms have already submitted their reports for GRND stocks, with Raymond James repeating the rating for GRND by listing it as a “Outperform.” The predicted price for GRND in the upcoming period, according to Raymond James is $14 based on the research report published on April 04, 2024 of the current year 2024.
JMP Securities, on the other hand, stated in their research note that they expect to see GRND reach a price target of $14. The rating they have provided for GRND stocks is “Mkt Outperform” according to the report published on April 02nd, 2024.
TD Cowen gave a rating of “Buy” to GRND, setting the target price at $12 in the report published on March 28th of the current year.
GRND Trading at -7.08% from the 50-Day Moving Average
After a stumble in the market that brought GRND to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -15.81% of loss for the given period.
Volatility was left at 3.27%, however, over the last 30 days, the volatility rate increased by 3.07%, as shares sank -5.26% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.07% lower at present.
During the last 5 trading sessions, GRND fell by -1.16%, which changed the moving average for the period of 200-days by +81.24% in comparison to the 20-day moving average, which settled at $9.94. In addition, Grindr Inc saw 6.72% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at GRND starting from Lu James Fu Bin, who sale 212,605 shares at the price of $9.38 back on May 20 ’24. After this action, Lu James Fu Bin now owns 37,098,572 shares of Grindr Inc, valued at $1,993,406 using the latest closing price.
Lu James Fu Bin, the Director of Grindr Inc, sale 94,634 shares at $9.48 during a trade that took place back on May 17 ’24, which means that Lu James Fu Bin is holding 37,311,177 shares at $896,771 based on the most recent closing price.
Stock Fundamentals for GRND
Current profitability levels for the company are sitting at:
- 0.24 for the present operating margin
- 0.71 for the gross margin
The net margin for Grindr Inc stands at -0.12. The total capital return value is set at 0.18. Equity return is now at value -4.41, with -7.16 for asset returns.
Based on Grindr Inc (GRND), the company’s capital structure generated 1.07 points at debt to capital in total, while cash flow to debt ratio is standing at 0.15. The debt to equity ratio resting at -14.38. The interest coverage ratio of the stock is 1.57.
Currently, EBITDA for the company is 82.49 million with net debt to EBITDA at 3.31. When we switch over and look at the enterprise to sales, we see a ratio of 6.96. The receivables turnover for the company is 7.81for trailing twelve months and the total asset turnover is 0.64. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.03.
Conclusion
In conclusion, Grindr Inc (GRND) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
