For those desiring to outshine the market, the strategic selection of individual stocks is paramount. Well-chosen stocks have the potential to substantially boost your wealth.
The price of Grindr Inc (NYSE: GRND) closed at $16.96 in the last session, up 0.24% from day before closing price of $16.92. In other words, the price has increased by $0.24 from its previous closing price. On the day, 0.73 million shares were traded. GRND stock price reached its highest trading level at $17.11 during the session, while it also had its lowest trading level at $16.73.
Ratios:
We take a closer look at GRND’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 76.57 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 38.26. For the most recent quarter (mrq), Quick Ratio is recorded 1.40 and its Current Ratio is at 1.40.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Goldman on December 16, 2024, initiated with a Buy rating and assigned the stock a target price of $20.
On June 27, 2024, Raymond James reiterated its Outperform rating and also lowered its target price recommendation from $14 to $15.
JMP Securities reiterated its Mkt Outperform rating for the stock on June 27, 2024, while the target price for the stock was revised from $14 to $17.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Jan 14 ’25 when Richardson Nathan sold 1,000 shares for $16.58 per share. The transaction valued at 16,580 led to the insider holds 19,642 shares of the business.
Katz Zachary sold 3,058 shares of GRND for $50,151 on Jan 13 ’25. The GC and Head of Global Affairs now owns 580,606 shares after completing the transaction at $16.40 per share. On May 14 ’24, another insider, Lu James Fu Bin, who serves as the Director of the company, bought 7,417 shares for $10.25 each.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, GRND now has a Market Capitalization of 2995339264 and an Enterprise Value of 3253611264. For the stock, the TTM Price-to-Sale (P/S) ratio is 9.39. Its current Enterprise Value per Revenue stands at 10.196 whereas that against EBITDA is 30.655.
Stock Price History:
The Beta on a monthly basis for GRND is 0.31, which has changed by 0.9583334 over the last 52 weeks, in comparison to a change of 0.22677135 over the same period for the S&P500. Over the past 52 weeks, GRND has reached a high of $18.42, while it has fallen to a 52-week low of $7.93. The 50-Day Moving Average of the stock is 6.27%, while the 200-Day Moving Average is calculated to be 36.71%.
Shares Statistics:
According to the various share statistics, GRND traded on average about 735.43K shares per day over the past 3-months and 886960 shares per day over the past 10 days. A total of 176.19M shares are outstanding, with a floating share count of 27.81M. Insiders hold about 84.25% of the company’s shares, while institutions hold 12.33% stake in the company. Shares short for GRND as of 1735603200 were 6824093 with a Short Ratio of 9.28, compared to 1732838400 on 6075095. Therefore, it implies a Short% of Shares Outstanding of 6824093 and a Short% of Float of 10.5399996.
