On Tuesday, Grindr Inc (NYSE: GRND) opened lower -3.11% from the last session, before settling in for the closing price of $15.10. Price fluctuations for GRND have ranged from $5.73 to $15.21 over the past 52 weeks.
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Annual sales at Technology sector company grew by 22.30% over the past five years. Company’s average yearly earnings per share was noted 112.50% at the time writing. With a float of $29.32 million, this company’s outstanding shares have now reached $175.02 million.
Let’s look at the performance matrix of the company that is accounted for 112 employees. In terms of profitability, gross margin is 70.11%, operating margin of 28.11%, and the pretax margin is -11.71%.
Grindr Inc (GRND) Insider Updates
A key investor’s attitude towards the stock of the Software – Application industry is another important factor to consider. The insider ownership of Grindr Inc is 83.34%, while institutional ownership is 10.62%. The most recent insider transaction that took place on Nov 08 ’24, was worth 78,510. In this transaction Director of this company sold 5,234 shares at a rate of $15.00, taking the stock ownership to the 27,408 shares. Before that another transaction happened on Nov 11 ’24, when Company’s Director sold 4,766 for $15.00, making the entire transaction worth $71,490. This insider now owns 22,642 shares in total.
Grindr Inc (GRND) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around 112.50% per share during the next fiscal year.
Grindr Inc (NYSE: GRND) Trading Performance Indicators
Check out the current performance indicators for Grindr Inc (GRND). In the past quarter, the stock posted a quick ratio of 1.40. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 8.10. Likewise, its price to free cash flow for the trailing twelve months is 33.01.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.30, a number that is poised to hit 0.08 in the next quarter and is forecasted to reach 0.45 in one year’s time.
Technical Analysis of Grindr Inc (GRND)
Grindr Inc (NYSE: GRND) saw its 5-day average volume 0.89 million, a positive change from its year-to-date volume of 0.53 million. As of the previous 9 days, the stock’s Stochastic %D was 84.62%. Additionally, its Average True Range was 0.51.
During the past 100 days, Grindr Inc’s (GRND) raw stochastic average was set at 89.88%, which indicates a significant increase from 73.02% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 28.20% in the past 14 days, which was lower than the 44.09% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $12.72, while its 200-day Moving Average is $10.86. Nevertheless, the first resistance level for the watch stands at $15.03 in the near term. At $15.43, the stock is likely to face the second major resistance level. The third major resistance level sits at $15.66. If the price goes on to break the first support level at $14.40, it is likely to go to the next support level at $14.17. Assuming the price breaks the second support level, the third support level stands at $13.77.
Grindr Inc (NYSE: GRND) Key Stats
There are currently 175,992K shares outstanding in the company with a market cap of 2.58 billion. Presently, the company’s annual sales total 259,690 K according to its annual income of -55,770 K. Last quarter, the company’s sales amounted to 89,330 K and its income totaled 24,680 K.
