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The closing price of Grindr Inc (NYSE: GRND) was $18.17 for the day, up 2.54% from the previous closing price of $17.72. In other words, the price has increased by $2.54 from its previous closing price. On the day, 0.95 million shares were traded. GRND stock price reached its highest trading level at $18.26 during the session, while it also had its lowest trading level at $17.6301.
Ratios:
Our analysis of GRND’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 82.03 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 40.99. 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 3209040128 and an Enterprise Value of 3315425536. For the stock, the TTM Price-to-Sale (P/S) ratio is 10.06. Its current Enterprise Value per Revenue stands at 10.39 whereas that against EBITDA is 31.238.
Stock Price History:
Over the past 52 weeks, GRND has reached a high of $17.87, while it has fallen to a 52-week low of $7.93. The 50-Day Moving Average of the stock is 22.27%, while the 200-Day Moving Average is calculated to be 52.23%.
Shares Statistics:
GRND traded an average of 647.70K shares per day over the past three months and 1004240 shares per day over the past ten days. 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 12.23% stake in the company. Shares short for GRND as of 1732838400 were 6075095 with a Short Ratio of 7.89, compared to 1730332800 on 4849935. Therefore, it implies a Short% of Shares Outstanding of 6075095 and a Short% of Float of 9.379999999999999.
