Currently, there are 82.57M common shares owned by the public and among those 76.79M shares have been available to trade.
The company’s stock has a 5-day price change of 3.54% and 35.87% over the past three months. GDYN shares are trading -5.31% year to date (YTD), with the 12-month market performance up to 65.96% higher. It has a 12-month low price of $9.07 and touched a high of $24.16 over the same period. GDYN has an average intraday trading volume of 943.81K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -0.31%, 8.37%, and 50.26% respectively.
Institutional ownership of Grid Dynamics Holdings Inc (NASDAQ: GDYN) shares accounts for 68.28% of the company’s 82.57M shares outstanding.
It has a market capitalization of $1.74B and a beta (3y monthly) value of 1.01. The stock’s trailing 12-month PE ratio is 726.21, while the earnings-per-share (ttm) stands at $0.03. The company has a PEG of 48.41 and a Quick Ratio of 5.96 with the debt-to-equity ratio at 0.03. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.97% over the week and 3.94% over the month.
Analysts forecast that Grid Dynamics Holdings Inc (GDYN) will achieve an EPS of 0.1 for the current quarter, 0.08 for the next quarter and 0.43 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 0.09 while analysts give the company a high EPS estimate of 0.09. Comparatively, EPS for the current quarter was 0.07 a year ago. Earnings per share for the fiscal year are expected to increase by 7.34%, and 25.74% over the next financial year.
Looking at the support for the GDYN, a number of firms have released research notes about the stock. TD Cowen stated their Buy rating for the stock in a research note on August 02, 2024, with the firm’s price target at $12-$16. Wedbush coverage for the Grid Dynamics Holdings Inc (GDYN) stock in a research note released on May 24, 2024 offered a Outperform rating with a price target of $13. Needham was of a view on March 04, 2022 that the stock is Buy, while Citigroup gave the stock Buy rating on November 01, 2021, issuing a price target of $35. JP Morgan on their part issued Overweight rating on July 30, 2021.
