Grindr Inc (NYSE: GRND) kicked off on Tuesday, up 3.57% from the previous trading day, before settling in for the closing price of $13.45. Over the past 52 weeks, GRND has traded in a range of $5.71-$13.90.
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It was noted that within the last five years, the titan of the Technology sector saw sales topped by 22.30%. While this was happening, its average annual earnings per share was recorded 89.19%. With a float of $30.02 million, this company’s outstanding shares have now reached $175.02 million.
The extent of productivity of a business whose workforce counts for 112 workers is very important to gauge. In terms of profitability, gross margin is 69.77%, operating margin of 25.96%, and the pretax margin is -22.27%.
Grindr Inc (GRND) Insider and Institutional Ownership
Our next focus will be how large-scale investors are participating in this stock of the Software – Application Industry. The insider ownership of Grindr Inc is 82.94%, while institutional ownership is 10.62%. The most recent insider transaction that took place on Oct 14 ’24, was worth 12,680. In this transaction Director of this company sold 1,000 shares at a rate of $12.68, taking the stock ownership to the 32,642 shares. Before that another transaction happened on Oct 07 ’24, when Company’s Chief Accounting Officer sold 4,964 for $11.81, making the entire transaction worth $58,625. This insider now owns 130,598 shares in total.
Grindr Inc (GRND) Latest Financial update
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 89.19% per share during the next fiscal year.
Grindr Inc (NYSE: GRND) Trading Performance Indicators
Take a look at Grindr Inc’s (GRND) current performance indicators. Last quarter, stock had a quick ratio of 1.07. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 8.17. Likewise, its price to free cash flow for the trailing twelve months is 43.34.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.44, a number that is poised to hit 0.07 in the next quarter and is forecasted to reach 0.47 in one year’s time.
Technical Analysis of Grindr Inc (GRND)
The latest stats from [Grindr Inc, GRND] show that its last 5-days average volume of 0.39 million was inferior to 0.52 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 65.53%. Additionally, its Average True Range was 0.42.
During the past 100 days, Grindr Inc’s (GRND) raw stochastic average was set at 98.69%, which indicates a significant increase from 96.59% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 45.69% in the past 14 days, which was higher than the 45.11% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $12.43, while its 200-day Moving Average is $10.72. Now, the first resistance to watch is $14.10. This is followed by the second major resistance level at $14.28. The third major resistance level sits at $14.56. If the price goes on to break the first support level at $13.64, it is likely to go to the next support level at $13.36. The third support level lies at $13.18 if the price breaches the second support level.
Grindr Inc (NYSE: GRND) Key Stats
The company with the Market Capitalisation of 2.45 billion has total of 175,992K Shares Outstanding. Its annual sales at the moment are 259,690 K in contrast with the sum of -55,770 K annual income. Company’s last quarter sales were recorded 82,350 K and last quarter income was -22,420 K.
