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Grid Dynamics Holdings Inc (NASDAQ: GDYN) closed the day trading at $13.48 down -0.37% from the previous closing price of $13.53. In other words, the price has decreased by -$0.37 from its previous closing price. On the day, 0.6 million shares were traded. GDYN stock price reached its highest trading level at $13.76 during the session, while it also had its lowest trading level at $13.45.
Ratios:
For a better understanding of GDYN, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 4.04 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 46.00. For the most recent quarter (mrq), Quick Ratio is recorded 7.14 and its Current Ratio is at 7.14. In the meantime, Its Debt-to-Equity ratio is 0.03 whereas as Long-Term Debt/Eq ratio is at 0.01.
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 Aug 27 ’24 when LEONARD LIVSCHITZ bought 15,000 shares for $13.55 per share.
BGV OPPORTUNITY FUND, L.P. bought 19,248 shares of GDYN for $264,660 on Aug 21 ’24. On Aug 20 ’24, another insider, BGV OPPORTUNITY FUND, L.P., who serves as the Director of the company, bought 69,039 shares for $13.61 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 1037304832 and an Enterprise Value of 787612224. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.25 while its Price-to-Book (P/B) ratio in mrq is 2.66. Its current Enterprise Value per Revenue stands at 2.474 whereas that against EBITDA is 88.526.
Stock Price History:
Over the past 52 weeks, GDYN has reached a high of $14.70, while it has fallen to a 52-week low of $9.07. The 50-Day Moving Average of the stock is 12.46%, while the 200-Day Moving Average is calculated to be 12.34%.
Shares Statistics:
Over the past 3-months, GDYN traded about 377.92K shares per day on average, while over the past 10 days, GDYN traded about 294250 shares per day. A total of 75.89M shares are outstanding, with a floating share count of 55.64M. Insiders hold about 27.42% of the company’s shares, while institutions hold 74.46% stake in the company. Shares short for GDYN as of 1723680000 were 2434849 with a Short Ratio of 6.44, compared to 1721001600 on 2715749. Therefore, it implies a Short% of Shares Outstanding of 2434849 and a Short% of Float of 4.29.
Earnings Estimates
The company has 6.0 analysts who recommend its stock at the moment. The consensus estimate for the next quarter is $0.08, with high estimates of $0.1 and low estimates of $0.07.
Analysts are recommending an EPS of between $0.35 and $0.29 for the fiscal current year, implying an average EPS of $0.32. EPS for the following year is $0.41, with 6.0 analysts recommending between $0.5 and $0.35.
Revenue Estimates
6 analysts predict $85.18M in revenue for the current quarter. It ranges from a high estimate of $86M to a low estimate of $84.3M. As of the current estimate, Grid Dynamics Holdings Inc’s year-ago sales were $77.42MFor the next quarter, 6 analysts are estimating revenue of $85.12M. There is a high estimate of $86.66M for the next quarter, whereas the lowest estimate is $83.6M.
A total of 6 analysts have provided revenue estimates for GDYN’s current fiscal year. The highest revenue estimate was $335.29M, while the lowest revenue estimate was $330.75M, resulting in an average revenue estimate of $333.18M. In the same quarter a year ago, actual revenue was $312.91MBased on 6 analysts’ estimates, the company’s revenue will be $380.24M in the next fiscal year. The high estimate is $389M and the low estimate is $367.71M.
