On Monday, Grid Dynamics Holdings Inc (NASDAQ: GDYN) opened higher 8.94% from the last session, before settling in for the closing price of $18.00. Price fluctuations for GDYN have ranged from $9.07 to $18.01 over the past 52 weeks.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Technology sector was 32.09%. Company’s average yearly earnings per share was noted 8.38% at the time writing. With a float of $56.80 million, this company’s outstanding shares have now reached $75.89 million.
Considering the fact that the conglomerate employs 3920 people, you should pay attention to its efficiency factor. 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 Activity
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 26.07%, while institutional ownership is 73.77%. The most recent insider transaction that took place on Nov 08 ’24, was worth 90,000. Before that another transaction happened on Nov 07 ’24, when Company’s Officer proposed sale 4,000 for $17.11, making the entire transaction worth $68,440.
Grid Dynamics Holdings Inc (GDYN) Earnings and Forecasts
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 0.08 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 8.38% 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 4.67. Likewise, its price to free cash flow for the trailing twelve months is 79.58.
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)
Compared to the last year’s volume of 0.34 million, its volume of 0.6 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 95.27%. Additionally, its Average True Range was 0.72.
During the past 100 days, Grid Dynamics Holdings Inc’s (GDYN) raw stochastic average was set at 98.21%, which indicates a significant increase from 96.15% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 48.22% in the past 14 days, which was higher than the 41.75% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $14.88, while its 200-day Moving Average is $12.54. Nevertheless, the first resistance level for the watch stands at $20.22 in the near term. At $20.83, the stock is likely to face the second major resistance level. The third major resistance level sits at $21.86. If the price goes on to break the first support level at $18.57, it is likely to go to the next support level at $17.54. Should the price break the second support level, the third support level stands at $16.93.
Grid Dynamics Holdings Inc (NASDAQ: GDYN) Key Stats
There are currently 76,811K shares outstanding in the company with a market cap of 1.53 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 87,440 K and its income totaled 4,280 K.
