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After finishing at $17.50 in the prior trading day, Grindr Inc (NYSE: GRND) closed at $17.34, down -0.91%. In other words, the price has decreased by -$0.91 from its previous closing price. On the day, 0.99 million shares were traded. GRND stock price reached its highest trading level at $17.61 during the session, while it also had its lowest trading level at $17.0.
Ratios:
Our goal is to gain a better understanding of GRND 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 78.28 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 39.12. 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:
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 Dec 17 ’24 when Balance Austin J sold 332,105 shares for $16.75 per share. The transaction valued at 5,562,759 led to the insider holds 557,414 shares of the business.
Richardson Nathan sold 1,000 shares of GRND for $16,000 on Dec 16 ’24. The Director now owns 20,642 shares after completing the transaction at $16.00 per share. On Dec 10 ’24, another insider, Lu James Fu Bin, who serves as the Director of the company, sold 750,000 shares for $15.14 each. As a result, the insider received 11,357,250 and left with 31,540,655 shares of the company.
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 3062452224 and an Enterprise Value of 3320723968. For the stock, the TTM Price-to-Sale (P/S) ratio is 9.60. Its current Enterprise Value per Revenue stands at 10.406 whereas that against EBITDA is 31.287.
Stock Price History:
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 11.54%, while the 200-Day Moving Average is calculated to be 42.09%.
Shares Statistics:
The stock has traded on average 709.17K shares per day over the past 3-months and 966060 shares per day over the last 10 days, according to various share statistics. A total of 176.19M shares are outstanding, with a floating share count of 26.11M. Insiders hold about 85.22% of the company’s shares, while institutions hold 12.26% stake in the company. Shares short for GRND as of 1734048000 were 5110164 with a Short Ratio of 7.21, compared to 1731628800 on 5131649. Therefore, it implies a Short% of Shares Outstanding of 5110164 and a Short% of Float of 7.89.
