A share price of Grindr Inc [GRND] is currently trading at $17.31, up 2.73%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The GRND shares have gain 9.97% over the last week, with a monthly amount glided 17.92%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Grindr Inc [NYSE: GRND] stock has seen the most recent analyst activity on December 16, 2024, when Goldman initiated its Buy rating and assigned the stock a price target of $20. Previously, Raymond James reaffirmed its Outperform rating on June 27, 2024, and elevated its price target to $15. On June 27, 2024, JMP Securities reiterated its Mkt Outperform rating and revised its price target to $17 on the stock. Raymond James started tracking the stock assigning a Outperform rating and suggested a price target of $14 on April 04, 2024. JMP Securities initiated its recommendation with a Mkt Outperform and recommended $14 as its price target on April 02, 2024. TD Cowen started tracking with a Buy rating for this stock on March 28, 2024, and assigned it a price target of $12.
Grindr Inc experienced fluctuations in its stock price throughout the past year between $7.93 and $17.39. Currently, Wall Street analysts expect the stock to reach $16 within the next 12 months. Grindr Inc [NYSE: GRND] shares were valued at $17.31 at the most recent close of the market. An investor can expect a potential drop of -7.57% based on the average GRND price forecast.
Analyzing the GRND fundamentals
Trailing Twelve Months sales for Grindr Inc [NYSE:GRND] were 319.10M which represents 27.14% growth. 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 16.43 points at the first support level, and at 15.56 for the second support level. However, for the 1st resistance point, the stock is sitting at 17.95, and for the 2nd resistance point, it is at 18.59.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Grindr Inc [NYSE:GRND] is 1.40. Also, the Quick Ratio is 1.40, while the Cash Ratio stands at 0.62. Considering the valuation of this stock, the price to sales ratio is 9.84.
Transactions by insiders
Recent insider trading involved Balance Austin J, Chief Product Officer, that happened on Dec 17 ’24 when 0.33 million shares were sold. Director, Richardson Nathan completed a deal on Dec 16 ’24 to sell 1000.0 shares. Meanwhile, Director Lu James Fu Bin sold 0.75 million shares on Dec 10 ’24.
