Grindr Inc [GRND] stock prices are up 8.02% to $13.74 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The GRND shares have gain 7.34% over the last week, with a monthly amount glided 14.40%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Grindr Inc [NYSE: GRND] stock has seen the most recent analyst activity on June 27, 2024, when Raymond James reiterated its Outperform rating and also boosted its price target to $15 from $14. Previously, JMP Securities reaffirmed its Mkt Outperform rating on June 27, 2024, and elevated its price target to $17. On April 04, 2024, Raymond James initiated with a Outperform rating and assigned a price target of $14 on the stock. JMP Securities started tracking the stock assigning a Mkt Outperform rating and suggested a price target of $14 on April 02, 2024. TD Cowen initiated its recommendation with a Buy and recommended $12 as its price target on March 28, 2024.
The stock price of Grindr Inc [GRND] has been fluctuating between $5.71 and $13.25 over the past year. Currently, Wall Street analysts expect the stock to reach $16 within the next 12 months. Grindr Inc [NYSE: GRND] shares were valued at $13.74 at the most recent close of the market. An investor can expect a potential return of 16.45% based on the average GRND price forecast.
Analyzing the GRND fundamentals
The Grindr Inc [NYSE:GRND] reported sales of 300.03M for trailing twelve months, representing a surge of 33.81%. Gross Profit Margin for this corporation currently stands at 0.7% with Operating Profit Margin at 0.26%, Pretax Profit Margin comes in at -0.22%, and Net Profit Margin reading is -0.26%. To continue investigating profitability, this company’s Return on Assets is posted at -0.18, Equity is 5.32 and Total Capital is 0.21. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-7.19.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 13.01 points at the first support level, and at 12.27 for the second support level. However, for the 1st resistance point, the stock is sitting at 14.19, and for the 2nd resistance point, it is at 14.63.
Ratios To Look Out For
It’s worth pointing out that Grindr Inc [NYSE:GRND]’s Current Ratio is 1.07. On the other hand, the Quick Ratio is 1.07, and the Cash Ratio is 0.27. Considering the valuation of this stock, the price to sales ratio is 8.06.
Transactions by insiders
Recent insider trading involved Richardson Nathan, Director, that happened on Oct 14 ’24 when 1000.0 shares were sold. Chief Accounting Officer, Chen Kye completed a deal on Oct 07 ’24 to sell 4964.0 shares. Meanwhile, Director Richardson Nathan sold 1000.0 shares on Sep 16 ’24.
