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After finishing at $16.25 in the prior trading day, Grid Dynamics Holdings Inc (NASDAQ: GDYN) closed at $15.88, down -2.28%. In other words, the price has decreased by -$2.28 from its previous closing price. On the day, 0.67 million shares were traded. GDYN stock price reached its highest trading level at $16.54 during the session, while it also had its lowest trading level at $15.83.
Ratios:
Our goal is to gain a better understanding of GDYN by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 5.41 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 64.89. For the most recent quarter (mrq), Quick Ratio is recorded 5.96 and its Current Ratio is at 5.96. In the meantime, Its Debt-to-Equity ratio is 0.03 whereas as Long-Term Debt/Eq ratio is at 0.02.
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 the company, TD Cowen on August 02, 2024, Upgraded its rating to Buy and sets its target price to $16 from $12 previously.
On May 24, 2024, Wedbush started tracking the stock assigning a Outperform rating and target price of $13.
Needham reiterated its Buy rating for the stock on March 04, 2022, while the target price for the stock was revised from $45 to $22.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Nov 07 ’24 when Doradla Anil sold 4,000 shares for $17.66 per share. The transaction valued at 70,640 led to the insider holds 376,282 shares of the business.
Livschitz Leonard sold 5,000 shares of GDYN for $90,000 on Nov 08 ’24. The CHIEF EXECUTIVE OFFICER now owns 3,410,900 shares after completing the transaction at $18.00 per share. On Nov 08 ’24, another insider, LEONARD LIVSCHITZ, who serves as the Officer of the company, bought 5,000 shares for $18.00 each.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, GDYN now has a Market Capitalization of 1324868352 and an Enterprise Value of 1029745664. As of this moment, Grid’s Price-to-Earnings (P/E) ratio for their current fiscal year is 547.59, and their Forward P/E ratio for the next fiscal year is 35.78. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 36.51. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.81 while its Price-to-Book (P/B) ratio in mrq is 3.04. Its current Enterprise Value per Revenue stands at 3.136 whereas that against EBITDA is 86.027.
Stock Price History:
Over the past 52 weeks, GDYN has reached a high of $19.86, while it has fallen to a 52-week low of $9.07. The 50-Day Moving Average of the stock is 4.32%, while the 200-Day Moving Average is calculated to be 25.61%.
Shares Statistics:
The stock has traded on average 418.92K shares per day over the past 3-months and 936810 shares per day over the last 10 days, according to various share statistics. A total of 75.89M shares are outstanding, with a floating share count of 61.06M. Insiders hold about 26.04% of the company’s shares, while institutions hold 68.80% stake in the company. Shares short for GDYN as of 1730332800 were 2079252 with a Short Ratio of 4.96, compared to 1727654400 on 2040568. Therefore, it implies a Short% of Shares Outstanding of 2079252 and a Short% of Float of 3.66.
