Grindr Inc (GRND) concluded trading on Thursday at a closing price of $15.70, with 5.58 million shares of worth about $87.67 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 32.83% during that period and on March 06, 2025 the price saw a loss of about -16.00%. Currently the company’s common shares owned by public are about 176.61M shares, out of which, 12.98M shares are available for trading.
Stock saw a price change of -12.83% in past 5 days and over the past one month there was a price change of -13.02%. Year-to-date (YTD), GRND shares are showing a performance of -12.00% which increased to 88.48% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $7.97 but also hit the highest price of $19.20 during that period. The average intraday trading volume for Grindr Inc shares is 1.20 million. The stock is currently trading -13.44% below its 20-day simple moving average (SMA20), while that difference is down -11.70% for SMA50 and it goes to 14.69% higher than SMA200.
Grindr Inc (NYSE: GRND) currently have 176.61M outstanding shares and institutions hold larger chunk of about 17.51% of that.
The stock has a current market capitalization of $2.77B and its 3Y-monthly beta is at 0.30. It has posted earnings per share of -$0.75 in the same period. It has Quick Ratio of 1.40. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for GRND, volatility over the week remained 6.83% while standing at 4.21% over the month.
Stock’s fiscal year EPS is expected to rise by 151.35% while it is estimated to increase by 46.49% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Goldman on December 16, 2024 offering a Buy rating for the stock and assigned a target price of $20 to it. Coverage by Raymond James stated Grindr Inc (GRND) stock as an Outperform in their note to investors on June 27, 2024, suggesting a price target of $15 for the stock. On June 27, 2024, JMP Securities Reiterated their recommendations, while on April 04, 2024, Raymond James Initiated their ratings for the stock with a price target of $14. Stock get a Mkt outperform rating from JMP Securities on April 02, 2024.
