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The price of Grindr Inc (NYSE: GRND) closed at $14.32 in the last session, up 0.99% from day before closing price of $14.18. In other words, the price has increased by $0.99 from its previous closing price. On the day, 0.8 million shares were traded. GRND stock price reached its highest trading level at $14.59 during the session, while it also had its lowest trading level at $14.22.
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 64.65 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 32.31. 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, Raymond James on June 27, 2024, Reiterated its Outperform rating but revised its target price to $15 from $14 previously.
On June 27, 2024, JMP Securities reiterated its Mkt Outperform rating and also lowered its target price recommendation from $14 to $17.
On April 04, 2024, Raymond James started tracking the stock assigning a Outperform rating and target price of $14.Raymond James initiated its Outperform rating on April 04, 2024, with a $14 target price.
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 Nov 12 ’24 when Lu James Fu Bin sold 215,980 shares for $14.72 per share. The transaction valued at 3,179,031 led to the insider holds 35,172,781 shares of the business.
Lu James Fu Bin sold 195,600 shares of GRND for $2,814,567 on Nov 13 ’24. The Director now owns 34,977,181 shares after completing the transaction at $14.39 per share. On Nov 13 ’24, another insider, VANDANA MEHTA-KRANTZ, who serves as the Officer of the company, bought 60,776 shares for $14.63 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 2529083904 and an Enterprise Value of 2787354368. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.93. Its current Enterprise Value per Revenue stands at 8.735 whereas that against EBITDA is 26.262.
Stock Price History:
Over the past 52 weeks, GRND has reached a high of $15.21, while it has fallen to a 52-week low of $6.01. The 50-Day Moving Average of the stock is 11.75%, while the 200-Day Moving Average is calculated to be 31.15%.
Shares Statistics:
According to the various share statistics, GRND traded on average about 520.83K shares per day over the past 3-months and 680360 shares per day over the past 10 days. A total of 175.02M shares are outstanding, with a floating share count of 29.32M. Insiders hold about 83.34% of the company’s shares, while institutions hold 11.43% stake in the company. Shares short for GRND as of 1730332800 were 4849935 with a Short Ratio of 9.31, compared to 1727654400 on 4267900. Therefore, it implies a Short% of Shares Outstanding of 4849935 and a Short% of Float of 7.539999999999999.
