Grindr Inc (NYSE: GRND) is 72.10% higher on its value in year-to-date trading and has touched a low of $7.03 and a high of $15.52 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 $15.40 in the last trading session, with the day’s loss setting it -0.29%.
Currently trading at $15.11, the stock is 1.49% and 10.74% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.84 million and changing -1.88% at the moment leaves the stock 32.80% off its SMA200. GRND registered 97.77% gain for a year compared to 6-month gain of 63.71%. The firm has a 50-day simple moving average (SMA 50) of $13.5896 and a 200-day simple moving average (SMA200) of $11.3446.
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The stock witnessed a 8.47% loss in the last 1 month and extending the period to 3 months gives it a 30.15%, and is 0.73% 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 2.30% over the week and 3.41% over the month.
Grindr Inc (GRND) has around 112 employees, a market worth around $2.67B and $319.10M in sales. Fwd P/E is 33.96. Profit margin for the company is -16.27%. Distance from 52-week low is 114.94% and -2.67% from its 52-week high. The company has generated returns on investments over the last 12 months (-19.46%).
The EPS is expected to grow by 112.50% this year
167.0 institutions hold shares in Grindr Inc (GRND), with institutional investors hold 83.54% of the company’s shares. The shares outstanding are 176.19M, and float is at 22.36M with Short Float at 22.95%. Institutions hold 12.91% of the Float.
Grindr Inc (GRND) Insider Activity
The most recent transaction is an insider sale by Lu James Fu Bin, the company’s Director. SEC filings show that Lu James Fu Bin sold 683,297 shares of the company’s common stock on Dec 02 ’24 at a price of $15.17 per share for a total of $10.37 million. Following the sale, the insider now owns 33.03 million shares.
Grindr Inc disclosed in a document filed with the SEC on Dec 03 ’24 that Lu James Fu Bin (Director) sold a total of 633,273 shares of the company’s common stock. The trade occurred on Dec 03 ’24 and was made at $15.32 per share for $9.7 million. Following the transaction, the insider now directly holds 33.66 million shares of the GRND stock.
Still, SEC filings show that on Nov 14 ’24, Richardson Nathan (Director) disposed off 1,000 shares at an average price of $14.44 for $14440.0. The insider now directly holds 21,642 shares of Grindr Inc (GRND).
