Moreover, the 36-month beta value for GRND is 0.31. Analysts have varying opinions on the stock, with 1 analysts rating it as a “buy,” 3 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for GRND is 27.99M and currently, short sellers hold a 25.42% of that float. On January 30, 2025, GRND’s average trading volume was 839.70K shares.
GRND) stock’s latest price update
The stock price of Grindr Inc (NYSE: GRND) has surged by 0.22 when compared to previous closing price of 18.00, but the company has seen a 7.32% gain in its stock price over the last five trading sessions. businesswire.com reported 2025-01-23 that LOS ANGELES–(BUSINESS WIRE)–Grindr Inc. (NYSE: GRND) (“Grindr” or the “Company”), the Global Gayborhood in Your Pocket™, today announced that it is providing notice to holders of its outstanding public warrants and private placement warrants (collectively, the “warrants”) that it will redeem the warrants at a redemption price of $0.10 per warrant at 5:00 p.m. New York City time on February 24, 2025 (the “Redemption Date”). Holders of the warrants may instead elect to exercise their warrants u.
GRND’s Market Performance
Grindr Inc (GRND) has seen a 7.32% rise in stock performance for the week, with a -0.72% decline in the past month and a 37.40% surge in the past quarter. The volatility ratio for the week is 2.56%, and the volatility levels for the past 30 days are at 3.21% for GRND. The simple moving average for the last 20 days is 3.79% for GRND stock, with a simple moving average of 42.26% for the last 200 days.
Analysts’ Opinion of GRND
Many brokerage firms have already submitted their reports for GRND stocks, with Goldman repeating the rating for GRND by listing it as a “Buy.” The predicted price for GRND in the upcoming period, according to Goldman is $20 based on the research report published on December 16, 2024 of the previous year 2024.
Raymond James, on the other hand, stated in their research note that they expect to see GRND reach a price target of $15, previously predicting the price at $14. The rating they have provided for GRND stocks is “Outperform” according to the report published on June 27th, 2024.
JMP Securities gave a rating of “Mkt Outperform” to GRND, setting the target price at $17 in the report published on June 27th of the previous year.
GRND Trading at 9.70% 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 -2.09% of loss for the given period.
Volatility was left at 3.21%, however, over the last 30 days, the volatility rate increased by 2.56%, as shares surge +0.67% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +27.22% upper at present.
During the last 5 trading sessions, GRND rose by +7.32%, which changed the moving average for the period of 200-days by +68.28% in comparison to the 20-day moving average, which settled at $17.38. In addition, Grindr Inc saw 1.12% 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 28th Street Ventures LLC (J. M, who proposed sale 439,459 shares at the price of $6.50 back on Jan 29 ’25. After this action, 28th Street Ventures LLC (J. M now owns shares of Grindr Inc, valued at $2,856,000 using the latest closing price.
Richardson Nathan, the Director of Grindr Inc, sale 1,000 shares at $16.58 during a trade that took place back on Jan 14 ’25, which means that Richardson Nathan is holding 19,642 shares at $16,580 based on the most recent closing price.
Stock Fundamentals for GRND
Current profitability levels for the company are sitting at:
- 0.28 for the present operating margin
- 0.7 for the gross margin
The net margin for Grindr Inc stands at -0.16. The total capital return value is set at 0.23. Equity return is now at value -966.61, with -11.47 for asset returns.
Based on Grindr Inc (GRND), the company’s capital structure generated 1.05 points at debt to capital in total, while cash flow to debt ratio is standing at 0.26. The debt to equity ratio resting at -22.19. The interest coverage ratio of the stock is 2.93.
Currently, EBITDA for the company is 21.3 million with net debt to EBITDA at 23.52. When we switch over and look at the enterprise to sales, we see a ratio of 10.79. The receivables turnover for the company is 7.25for trailing twelve months and the total asset turnover is 0.7. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.40.
Conclusion
To wrap up, the performance of Grindr Inc (GRND) has been better in recent times. The stock has received a bullish of “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.
