Grindr Inc (NYSE: GRND) is 89.52% higher on its value in year-to-date trading and has touched a low of $7.83 and a high of $17.33 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 $16.80 in the last trading session, with the day’s loss setting it -0.16%.
Currently trading at $16.64, the stock is 7.07% and 15.69% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.59 million and changing -0.95% at the moment leaves the stock 41.90% off its SMA200. GRND registered 109.57% gain for a year compared to 6-month gain of 71.55%. The firm has a 50-day simple moving average (SMA 50) of $14.3092 and a 200-day simple moving average (SMA200) of $11.6838.
The stock witnessed a 12.74% loss in the last 1 month and extending the period to 3 months gives it a 34.09%, and is 4.98% 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 4.64% over the week and 3.52% over the month.
Grindr Inc (GRND) has around 112 employees, a market worth around $2.94B and $319.10M in sales. Fwd P/E is 38.11. Profit margin for the company is -16.27%. Distance from 52-week low is 112.52% and -3.98% 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 113.54% this year
169.0 institutions hold shares in Grindr Inc (GRND), with institutional investors hold 76.91% of the company’s shares. The shares outstanding are 176.19M, and float is at 26.09M with Short Float at 23.29%. Institutions hold 12.98% 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 Dec 16 ’24 at a price of $16.00 per share for a total of $16000.0. Following the sale, the insider now owns 20642.0 shares.
Grindr Inc disclosed in a document filed with the SEC on Dec 10 ’24 that Lu James Fu Bin (Director) sold a total of 750,000 shares of the company’s common stock. The trade occurred on Dec 10 ’24 and was made at $15.14 per share for $11.36 million. Following the transaction, the insider now directly holds 31.54 million shares of the GRND stock.
Still, SEC filings show that on Dec 11 ’24, Katz Zachary (GC and Head of Global Affairs) disposed off 3,058 shares at an average price of $15.83 for $48408.0. The insider now directly holds 583,664 shares of Grindr Inc (GRND).
