While Grindr Inc has underperformed by -1.54%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, GRND rose by 112.96%, with highs and lows ranging from $12.83 to $5.45, whereas the simple moving average jumped by 20.43% in the last 200 days.
On June 27, 2024, Raymond James Reiterated Grindr Inc (NYSE: GRND) to Outperform. A report published by JMP Securities on June 27, 2024, Reiterated its previous ‘Mkt Outperform’ rating for GRND. Raymond James also rated GRND shares as ‘Outperform’, setting a target price of $14 on the company’s shares in an initiating report dated April 04, 2024. JMP Securities Initiated an Mkt Outperform rating on April 02, 2024, and assigned a price target of $14. TD Cowen initiated its ‘Buy’ rating for GRND, as published in its report on March 28, 2024.
Analysis of Grindr Inc (GRND)
Further, the quarter-over-quarter increase in sales is 33.81%, showing a positive trend in the upcoming months.
Grindr Inc’s future performance can be predicted by a variety of well-rounded types of analysis and research, with equity being one of the most crucial ones. The goal here is to ensure that your current return on equity of -4.41% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.07, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can be an extremely valuable indicator of volatility, and GRND is registering an average volume of 671.58K. On a monthly basis, the volatility of the stock is set at 3.22%, whereas on a weekly basis, it is put at 3.70%, with a loss of -2.01% over the past seven days. Furthermore, long-term investors anticipate a median target price of $15.67, showing growth from the present price of $12.16, which can serve as yet another indication of whether GRND is worth investing in or should be passed over.
How Do You Analyze Grindr Inc Shares?
Besides checking the fundamentals, you should also know how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 82.71%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 10.69% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
GRND shares are owned by institutional investors to the tune of 10.69% at present.
