A share price of Grid Dynamics Holdings Inc [GDYN] is currently trading at $17.67, up 4.06%. An important factor to consider is whether the stock is rising or falling in short-term value. The GDYN shares have gain 10.99% over the last week, with a monthly amount glided 21.36%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Grid Dynamics Holdings Inc [NASDAQ: GDYN] stock has seen the most recent analyst activity on August 02, 2024, when TD Cowen upgraded its rating to a Buy and also boosted its price target to $16 from $12. Previously, Wedbush started tracking the stock with Outperform rating on May 24, 2024, and set its price target to $13. On March 04, 2022, Needham reiterated its Buy rating and revised its price target to $22 on the stock. Citigroup started tracking the stock assigning a Buy rating and suggested a price target of $35 on November 01, 2021. JP Morgan initiated its recommendation with a Overweight and recommended $25 as its price target on July 30, 2021. In a note dated October 15, 2020, Cowen initiated an Outperform rating and provided a target price of $11 on this stock.
Grid Dynamics Holdings Inc experienced fluctuations in its stock price throughout the past year between $9.07 and $17.66. Currently, Wall Street analysts expect the stock to reach $16.5 within the next 12 months. Grid Dynamics Holdings Inc [NASDAQ: GDYN] shares were valued at $17.67 at the most recent close of the market. An investor can expect a potential drop of -6.62% based on the average GDYN price forecast.
Analyzing the GDYN fundamentals
Trailing Twelve Months sales for Grid Dynamics Holdings Inc [NASDAQ:GDYN] were 328.36M which represents 12.94% growth. Gross Profit Margin for this corporation currently stands at 0.36% with Operating Profit Margin at -0.01%, Pretax Profit Margin comes in at 0.02%, and Net Profit Margin reading is 0.01%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.01 and Total Capital is -0.01. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.03.
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 17.05 points at the first support level, and at 16.44 for the second support level. However, for the 1st resistance point, the stock is sitting at 18.11, and for the 2nd resistance point, it is at 18.56.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Grid Dynamics Holdings Inc [NASDAQ:GDYN] is 5.96. On the other hand, the Quick Ratio is 5.96, and the Cash Ratio is 4.26. Considering the valuation of this stock, the price to sales ratio is 4.13, the price to book ratio is 3.39 and price to earnings (TTM) ratio is 609.31.
Transactions by insiders
Recent insider trading involved ANIL KUMAR DORADLA, Officer, that happened on Nov 07 ’24 when 4000.0 shares were purchased. CHIEF EXECUTIVE OFFICER, Livschitz Leonard completed a deal on Nov 05 ’24 to sell 10000.0 shares. Meanwhile, Officer LEONARD LIVSCHITZ bought 20000.0 shares on Nov 05 ’24.
