Grid Dynamics Holdings Inc (NASDAQ: GDYN) is -7.80% lower on its value in year-to-date trading and has touched a low of $8.00 and a high of $14.70 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The GDYN stock was last observed hovering at around $12.24 in the last trading session, with the day’s gains setting it 0.05%.
Currently trading at $12.29, the stock is -2.52% and -6.20% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.2 million and changing 0.41% at the moment leaves the stock 3.18% off its SMA200. GDYN registered 13.27% gain for a year compared to 6-month gain of 4.42%. The firm has a 50-day simple moving average (SMA 50) of $2.19 and a 200-day simple moving average (SMA200) of $104.92.
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The stock witnessed a -11.96% loss in the last 1 month and extending the period to 3 months gives it a -13.02%, and is -5.10% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.70% over the week and 3.92% over the month.
Grid Dynamics Holdings Inc (GDYN) has around 3920 employees, a market worth around $933.67M and $312.91M in sales. Fwd P/E is 27.83. Profit margin for the company is -0.56%. Distance from 52-week low is 53.62% and -16.39% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.45%).
Grid Dynamics Holdings Inc quarterly earnings per share for the current quarter are estimated at $0.07 with sales reaching $77.87M over the same period.The EPS is expected to grow by 12.36% this year, but quarterly earnings will post 6.70% year-over-year. Quarterly sales are estimated to shrink -2.80% in year-over-year returns.
221 institutions hold shares in Grid Dynamics Holdings Inc (GDYN), with institutional investors hold 100.88% of the company’s shares. The shares outstanding are 75.89M, and float is at 54.51M with Short Float at 4.87%. Institutions hold 73.16% of the Float.
The top institutional shareholder in the company is Wasatch Advisors LP with over 7.26 million shares valued at $89.19 million. The investor’s holdings represent 9.55% of the GDYN Shares outstanding. As of Dec 30, 2023, the second largest holder is Blackrock Inc. with 4.78 million shares valued at $58.73 million to account for 6.29% of the shares outstanding. The other top investors are Vanguard Group Inc which holds 4.14 million shares representing 5.45% and valued at over $50.85 million, while Riverbridge Partners LLC holds 4.70% of the shares totaling 3.57 million with a market value of $43.92 million.
Grid Dynamics Holdings Inc (GDYN) Insider Activity
The most recent transaction is an insider sale by Livschitz Leonard, the company’s CHIEF EXECUTIVE OFFICER. SEC filings show that Livschitz Leonard sold 3,116 shares of the company’s common stock on Mar 27 ’24 at a price of $12.00 per share for a total of $37392.0. Following the sale, the insider now owns 3.69 million shares.
Grid Dynamics Holdings Inc disclosed in a document filed with the SEC on Mar 26 ’24 that Livschitz Leonard (CHIEF EXECUTIVE OFFICER) sold a total of 11,884 shares of the company’s common stock. The trade occurred on Mar 26 ’24 and was made at $12.03 per share for $0.14 million. Following the transaction, the insider now directly holds 3.69 million shares of the GDYN stock.
Still, SEC filings show that on Mar 12 ’24, Livschitz Leonard (CHIEF EXECUTIVE OFFICER) disposed off 15,000 shares at an average price of $12.36 for $0.19 million. The insider now directly holds 3,745,474 shares of Grid Dynamics Holdings Inc (GDYN).
