Grid Dynamics Holdings Inc (NASDAQ: GDYN) is -3.24% lower on its value in year-to-date trading and has touched a low of $9.07 and a high of $24.16 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 $21.49 in the last trading session, with the day’s gains setting it 0.03%.
Currently trading at $21.52, the stock is 0.66% and 8.01% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.11 million and changing 0.14% at the moment leaves the stock 49.89% off its SMA200. GDYN registered 67.08% gain for a year compared to 6-month gain of 69.05%. The firm has a 50-day simple moving average (SMA 50) of $19.856 and a 200-day simple moving average (SMA200) of $14.30525.
The stock witnessed a 2.14% loss in the last 1 month and extending the period to 3 months gives it a 37.60%, and is 0.99% 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 4.52% over the week and 3.96% over the month.
Grid Dynamics Holdings Inc (GDYN) has around 3920 employees, a market worth around $1.78B and $328.36M in sales. Current P/E ratio is 742.07 and Fwd P/E is 50.29. Profit margin for the company is 0.74%. Distance from 52-week low is 137.27% and -10.93% from its 52-week high. The company has generated returns on investments over the last 12 months (0.59%).
The EPS is expected to grow by 7.34% this year
233.0 institutions hold shares in Grid Dynamics Holdings Inc (GDYN), with institutional investors hold 88.58% of the company’s shares. The shares outstanding are 82.57M, and float is at 76.84M with Short Float at 4.71%. Institutions hold 68.61% of the Float.
The top institutional shareholder in the company is WASATCH ADVISORS LP with over 7.14 million shares valued at $75.08 million. The investor’s holdings represent 9.3808 of the GDYN Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 4.86 million shares valued at $51.09 million to account for 6.3838 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 4.27 million shares representing 5.6044 and valued at over $44.85 million, while RIVERBRIDGE PARTNERS LLC holds 4.3055 of the shares totaling 3.28 million with a market value of $34.46 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 50,000 shares of the company’s common stock on Jan 21 ’25 at a price of $20.88 per share for a total of $1.04 million. Following the sale, the insider now owns 3.04 million shares.
Still, SEC filings show that on Jan 07 ’25, Doradla Anil (CHIEF FINANCIAL OFFICER) disposed off 3,000 shares at an average price of $22.12 for $66360.0. The insider now directly holds 343,012 shares of Grid Dynamics Holdings Inc (GDYN).
