Grindr Inc (NYSE: GRND) is 68.22% higher on its value in year-to-date trading and has touched a low of $5.71 and a high of $14.52 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The GRND stock was last observed hovering at around $14.44 in the last trading session, with the day’s gains setting it 0.33%.
Currently trading at $14.77, the stock is 11.08% and 17.76% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.22 million and changing 2.29% at the moment leaves the stock 37.09% off its SMA200. GRND registered 155.54% gain for a year compared to 6-month gain of 39.47%. The firm has a 50-day simple moving average (SMA 50) of $12.4834 and a 200-day simple moving average (SMA200) of $10.74335.
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The stock witnessed a 15.66% loss in the last 1 month and extending the period to 3 months gives it a 27.22%, and is 10.39% up 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 3.85% over the week and 3.36% over the month.
Grindr Inc (GRND) has around 112 employees, a market worth around $2.60B and $300.03M in sales. Fwd P/E is 31.62. Profit margin for the company is -25.67%. Distance from 52-week low is 158.67% and 1.72% from its 52-week high. The company has generated returns on investments over the last 12 months (-31.77%).
The EPS is expected to grow by 89.19% this year
158.0 institutions hold shares in Grindr Inc (GRND), with institutional investors hold 83.56% of the company’s shares. The shares outstanding are 175.02M, and float is at 30.02M with Short Float at 14.40%. Institutions hold 11.90% of the Float.
Grindr Inc (GRND) Insider Activity
The most recent transaction is an insider sale by Richardson Nathan, the company’s Director. SEC filings show that Richardson Nathan sold 1,000 shares of the company’s common stock on Oct 14 ’24 at a price of $12.68 per share for a total of $12680.0. Following the sale, the insider now owns 32642.0 shares.
Grindr Inc disclosed in a document filed with the SEC on Oct 07 ’24 that Chen Kye (Chief Accounting Officer) sold a total of 4,964 shares of the company’s common stock. The trade occurred on Oct 07 ’24 and was made at $11.81 per share for $58625.0. Following the transaction, the insider now directly holds 0.13 million shares of the GRND stock.
Still, SEC filings show that on Sep 16 ’24, Richardson Nathan (Director) disposed off 1,000 shares at an average price of $12.03 for $12030.0. The insider now directly holds 33,642 shares of Grindr Inc (GRND).
