In the past week, GRND stock has gone up by 7.34%, with a monthly gain of 14.40% and a quarterly surge of 21.27%. The volatility ratio for the week is 4.12%, and the volatility levels for the last 30 days are 3.54% for Grindr Inc The simple moving average for the past 20 days is 10.67% for GRND’s stock, with a 31.10% simple moving average for the past 200 days.
Is It Worth Investing in Grindr Inc (NYSE: GRND) Right Now?
The 36-month beta value for GRND is at 0.36. Analysts have varying views on the stock, with 3 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for GRND is 30.02M, and currently, shorts hold a 14.22% of that float. The average trading volume for GRND on October 23, 2024 was 503.33K shares.
GRND) stock’s latest price update
The stock price of Grindr Inc (NYSE: GRND) has surged by 8.02 when compared to previous closing price of 12.72, but the company has seen a 7.34% gain in its stock price over the last five trading sessions. forbes.com reported 2024-10-21 that The overall market is likely to fall in this post-OPEX week. The average low in any year is October 27th, and that date is coming.
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 12.93% 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 able to rebound, for now settling with 3.70% of gains for the given period.
Volatility was left at 3.54%, however, over the last 30 days, the volatility rate increased by 4.12%, as shares surge +13.27% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +16.15% upper at present.
During the last 5 trading sessions, GRND rose by +7.34%, which changed the moving average for the period of 200-days by +65.54% in comparison to the 20-day moving average, which settled at $12.41. In addition, Grindr Inc saw 56.49% 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 $12.68 back on Oct 14 ’24. After this action, Richardson Nathan now owns 32,642 shares of Grindr Inc, valued at $12,680 using the latest closing price.
Chen Kye, the Chief Accounting Officer of Grindr Inc, sale 4,964 shares at $11.81 during a trade that took place back on Oct 07 ’24, which means that Chen Kye is holding 130,598 shares at $58,625 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 9.01. 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 conclusion, Grindr Inc (GRND) has had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
