As of close of business last night, Grindr Inc’s stock clocked out at $10.19, down -3.60% from its previous closing price of $10.57. In other words, the price has decreased by -$0.38 from its previous closing price. On the day, 747357 shares were traded.
Ratios:
To gain a deeper understanding of GRND’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 64.61 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 50.32. For the most recent quarter (mrq), Quick Ratio is recorded 1.12 and its Current Ratio is at 1.12.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Dec 14 ’23 when Arison George bought 2,937 shares for $8.45 per share. The transaction valued at 24,818 led to the insider holds 3,485,453 shares of the business.
Zage George Raymond III bought 60,000 shares of GRND for $447,600 on Dec 06 ’23. The Director now owns 5,620,000 shares after completing the transaction at $7.46 per share. On Sep 15 ’23, another insider, Zage George Raymond III, who serves as the Director of the company, sold 663,480 shares for $0.63 each. As a result, the insider received 417,992 and left with 72,278,806 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 1.85B and an Enterprise Value of 2.17B. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.87. Its current Enterprise Value per Revenue stands at 8.34 whereas that against EBITDA is 101.72.
Stock Price History:
Over the past 52 weeks, GRND has reached a high of $10.58, while it has fallen to a 52-week low of $4.49. The 50-Day Moving Average of the stock is 8.83, while the 200-Day Moving Average is calculated to be 6.88.
Shares Statistics:
It appears that GRND traded 483.84K shares on average per day over the past three months and 864.44k shares per day over the past ten days. A total of 175.02M shares are outstanding, with a floating share count of 13.55M. Insiders hold about 92.26% of the company’s shares, while institutions hold 7.30% stake in the company. Shares short for GRND as of Feb 29, 2024 were 2.45M with a Short Ratio of 5.06, compared to 2.37M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.40% and a Short% of Float of 4.01%.
