On Friday, Grid Dynamics Holdings Inc (NASDAQ: GDYN) opened lower -4.27% from the last session, before settling in for the closing price of $15.92. Price fluctuations for GDYN have ranged from $9.07 to $16.32 over the past 52 weeks.
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A company in the Technology sector has jumped its sales by 32.09% annually for the last half of the decade. Company’s average yearly earnings per share was noted 7.34% at the time writing. With a float of $56.77 million, this company’s outstanding shares have now reached $75.89 million.
In an organization with 3920 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 35.96%, operating margin of -1.07%, and the pretax margin is 2.07%.
Grid Dynamics Holdings Inc (GDYN) Insider Updates
A key investor’s attitude towards the stock of the Information Technology Services industry is another important factor to consider. The insider ownership of Grid Dynamics Holdings Inc is 26.08%, while institutional ownership is 74.37%. The most recent insider transaction that took place on Nov 01 ’24, was worth 52,980. Before that another transaction happened on Oct 22 ’24, when Company’s CHIEF EXECUTIVE OFFICER sold 20,000 for $15.58, making the entire transaction worth $311,600. This insider now owns 3,435,901 shares in total.
Grid Dynamics Holdings Inc (GDYN) Performance Highlights and Predictions
If we go through the results of last quarter, which was made public on 9/30/2024, the company posted 0.07 earnings per share (EPS) for the quarter, coming under the agreed prediction (set at 0.08) by -0.01. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.07 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 7.34% per share during the next fiscal year.
Grid Dynamics Holdings Inc (NASDAQ: GDYN) Trading Performance Indicators
Check out the current performance indicators for Grid Dynamics Holdings Inc (GDYN). In the past quarter, the stock posted a quick ratio of 5.96. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.41. Likewise, its price to free cash flow for the trailing twelve months is 58.12.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.03, a number that is poised to hit 0.10 in the next quarter and is forecasted to reach 0.44 in one year’s time.
Technical Analysis of Grid Dynamics Holdings Inc (GDYN)
Let’s dig in a bit further. During the last 5-days, its volume was 0.65 million. That was better than the volume of 0.34 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 46.30%. Additionally, its Average True Range was 0.56.
During the past 100 days, Grid Dynamics Holdings Inc’s (GDYN) raw stochastic average was set at 71.70%, which indicates a significant increase from 14.49% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 27.35% in the past 14 days, which was lower than the 39.23% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $14.45, while its 200-day Moving Average is $12.41. However, in the short run, Grid Dynamics Holdings Inc’s stock first resistance to watch stands at $16.86. Second resistance stands at $18.48. The third major resistance level sits at $19.31. If the price goes on to break the first support level at $14.42, it is likely to go to the next support level at $13.59. Assuming the price breaks the second support level, the third support level stands at $11.97.
Grid Dynamics Holdings Inc (NASDAQ: GDYN) Key Stats
There are currently 76,667K shares outstanding in the company with a market cap of 1.12 billion. Presently, the company’s annual sales total 312,910 K according to its annual income of -1,770 K. Last quarter, the company’s sales amounted to 83,040 K and its income totaled -820 K.
