Grindr Inc [GRND] stock prices are up 0.81% to $14.88 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The GRND shares have gain 1.71% over the last week, with a monthly amount glided 16.98%, 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 $6.12 and $15.21 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 $14.88 at the most recent close of the market. An investor can expect a potential return of 7.53% based on the average GRND price forecast.
Analyzing the GRND fundamentals
The Grindr Inc [NYSE:GRND] reported sales of 319.10M for trailing twelve months, representing a surge of 27.14%. Gross Profit Margin for this corporation currently stands at 0.7% with Operating Profit Margin at 0.28%, Pretax Profit Margin comes in at -0.12%, and Net Profit Margin reading is -0.16%. To continue investigating profitability, this company’s Return on Assets is posted at -0.11, Equity is 2.18 and Total Capital is 0.23. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -21.95.
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 14.67 points at the first support level, and at 14.46 for the second support level. However, for the 1st resistance point, the stock is sitting at 15.08, and for the 2nd resistance point, it is at 15.28.
Ratios To Look Out For
It’s worth pointing out that Grindr Inc [NYSE:GRND]’s Current Ratio is 1.40. In addition, the Quick Ratio stands at 1.40 and the Cash Ratio stands at 0.62. Considering the valuation of this stock, the price to sales ratio is 8.24.
Transactions by insiders
Recent insider trading involved Richardson Nathan, Director, that happened on Nov 14 ’24 when 1000.0 shares were sold. GC and Head of Global Affairs, Katz Zachary completed a deal on Nov 13 ’24 to sell 3058.0 shares. Meanwhile, Chief Financial Officer Mehta-Krantz Vandana sold 60776.0 shares on Nov 13 ’24.
