The stock of Grid Dynamics Holdings Inc. (NASDAQ:GDYN) increased by $0.22 on Friday to finish at $11.27, up 1.99 percent. The last five days have seen an average of 571,460 shares of common stock traded. 6 times new highs were reached in the current year, with a gain of $0.05. The average number of shares traded over the last 20 days was 446,380, while the average volume over the last 50 days totaled 552,084.
GDYN stock appreciated 4.45% since last month. On 08/02/23, the company’s shares reached a one-month low of $9.47. The stock touched a high of $24.27 on 02/02/23, after rallying from a low of $8.00 in 52 weeks. The price of GDYN stock has risen by 0.45% or $0.05 this year, reaching a new high 6 times. Still, the stock price is down -53.56% from the 52-week high.
Insider Transactions
GDYN stock investors should be aware that Grid Dynamics Holdings Inc. (GDYN) stock had its last reported insider trading activity 160 days ago on Mar 07. On Mar 07, Chief Executive Officer Livschitz Leonard sold 74,296 shares at $11.82 each. This transaction resulted in the insider making $877,956. On Nov 23, CARNEY LLOYD sold 60,000 shares at a price of US$12.55. After the transaction, the insider now owns 648,709 shares. Director CARNEY LLOYD had earlier sold 23,000 shares on Nov 23 for $12.50 a share. The transaction was completed for $287,500.
Valuation Metrics
Beta for the stock is 0.80. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 2.61, the price-to-book (PB) ratio of 2.31, and the price-to-cash flow ratio of 25.77.
Financial Health
For the three months ended June 29, Grid Dynamics Holdings Inc.’s quick ratio was 6.00, while its current ratio was 6.00, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 38.20% percent. Grid Dynamics Holdings Inc.’s EBITDA margin for the year ended June 29 was -3.66%, whereas its operating margin stood at -4.70% for the same period. Based on annual data, it had gross profit of $120.59 million and revenue of $310.48 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. GDYN’s return on assets (ROA) during the last 12 months has been -4.50%. There was a -8.20% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -5.20%.
Earnings Surprise
According to Grid Dynamics Holdings Inc.’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $77.31 million, while revenues fell by -0.04% to $80.08 million. It was predicted that Grid Dynamics Holdings Inc.’s quarterly earnings would be $0.09, but it ended up being $0.08, beating the consensus by 12.50%. EBITDA was $4.26 million for the quarter. At the end of Grid Dynamics Holdings Inc.’s most recent quarter ended June 29, its liabilities totaled 64.68 million, while its total debt was $11.84 million. Equity owned by shareholders amounts to $75.34 million.
Technical Picture
Here’s a quick look at Grid Dynamics Holdings Inc.’s (GDYN) price momentum from a technical perspective. As of 11 August, the RSI 9-day stood at 65.25%, suggesting the stock is Neutral, with a 78.14% historical volatility rate.
The stochastic %K and %D were 83.69% and 81.99% respectively, while the average true range (ATR) was 0.51. Based on the 14-day stochastic reading of 90.00%, the RSI (14) reading is 62.15%. On the 9-day MACD Oscillator, the stock is at 0.41, and the 14-day reading is at 0.55.
Analyst Ratings
In a note to investors, Needham maintained its a Buy rating on Grid Dynamics Holdings Inc. (NASDAQ: GDYN). However, the firm raised their price target to $22, indicating a possible increase of 74.96% in the stock price. Analysts have assigned Grid Dynamics Holdings Inc. (GDYN) an Buy rating. GDYN is a stock that is recommended for selling by 0 brokerage firms, while 1 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 6 others recommend it as a buy.
What is GDYN’s price target for the next 12 months?
The current consensus forecast for the stock is between $11.00 and $14.00, with a median target price of $13.50. In analyzing these forecasts, the average price target given by analysts for Grid Dynamics Holdings Inc. (GDYN) is $12.83.
