The stock price of Grindr Inc (NYSE: GRND) has surged by 0.49 when compared to previous closing price of 12.35, but the company has seen a 5.35% gain in its stock price over the last five trading sessions. seekingalpha.com reported 2024-09-17 that Grindr has outperformed competitors like Match and Bumble, with shares up over 40% YTD due to strong user growth and high revenue generation. Grindr’s brand recognition, feature innovation, and international growth opportunities distinguish it from generalist dating apps, driving its market momentum. With higher EBITDA margins than peers and a compelling valuation, I’m setting a price target of $16 for Grindr, or ~30% above current levels.
Is It Worth Investing in Grindr Inc (NYSE: GRND) Right Now?
Company’s 36-month beta value is 0.36.Analysts have differing opinions on the stock, with 3 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for GRND is 30.45M, and currently, short sellers hold a 13.19% ratio of that floaft. The average trading volume of GRND on September 20, 2024 was 660.57K shares.
GRND’s Market Performance
The stock of Grindr Inc (GRND) has seen a 5.35% increase in the past week, with a 1.72% rise in the past month, and a 27.94% gain in the past quarter. The volatility ratio for the week is 3.20%, and the volatility levels for the past 30 days are at 2.94% for GRND. The simple moving average for the past 20 days is 3.41% for GRND’s stock, with a 24.35% simple moving average for the past 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 $15 based on the research report published on June 27, 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 $17, previously predicting the price at $14. The rating they have provided for GRND stocks is “Mkt Outperform” according to the report published on June 27th, 2024.
Raymond James gave a rating of “Outperform” to GRND, setting the target price at $14 in the report published on April 04th of the current year.
GRND Trading at 5.33% 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 -3.27% of loss for the given period.
Volatility was left at 2.94%, however, over the last 30 days, the volatility rate increased by 3.20%, as shares surge +2.31% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.33% upper at present.
During the last 5 trading sessions, GRND rose by +5.35%, which changed the moving average for the period of 200-days by +72.60% in comparison to the 20-day moving average, which settled at $12.01. In addition, Grindr Inc saw 41.34% 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 Richardson Nathan, who sale 1,000 shares at the price of $12.03 back on Sep 16 ’24. After this action, Richardson Nathan now owns 33,642 shares of Grindr Inc, valued at $12,030 using the latest closing price.
Chen Kye, the Chief Accounting Officer of Grindr Inc, sale 16,187 shares at $11.68 during a trade that took place back on Sep 06 ’24, which means that Chen Kye is holding 138,604 shares at $189,064 based on the most recent closing price.
Stock Fundamentals for GRND
Current profitability levels for the company are sitting at:
- 0.26 for the present operating margin
- 0.7 for the gross margin
The net margin for Grindr Inc stands at -0.26. The total capital return value is set at 0.21. Equity return is now at value -4.41, with -17.51 for asset returns.
Based on Grindr Inc (GRND), the company’s capital structure generated 1.16 points at debt to capital in total, while cash flow to debt ratio is standing at 0.19. The debt to equity ratio resting at -7.19. The interest coverage ratio of the stock is 2.15.
Currently, EBITDA for the company is 82.49 million with net debt to EBITDA at 2.95. When we switch over and look at the enterprise to sales, we see a ratio of 8.23. The receivables turnover for the company is 7.41for trailing twelve months and the total asset turnover is 0.69. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.07.
Conclusion
In a nutshell, Grindr Inc (GRND) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
