In last trading session, Grid Dynamics Holdings Inc (NASDAQ:GDYN) saw 0.31 million shares changing hands with its beta currently measuring 1.07. Company’s recent per share price level of $19.17 trading at $0.16 or 0.84% at ring of the bell on the day assigns it a market valuation of $1.58B. That closing price of GDYN’s stock is at a discount of -3.6% from its 52-week high price of $19.86 and is indicating a premium of 52.69% from its 52-week low price of $9.07. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.88 million shares which gives us an average trading volume of 478.72K if we extend that period to 3-months.
For Grid Dynamics Holdings Inc (GDYN), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.00. Splitting up the data highlights that, out of 2 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 2 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.1 in the current quarter.
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Grid Dynamics Holdings Inc (NASDAQ:GDYN) trade information
Upright in the green during last session for gaining 0.84%, in the last five days GDYN remained trading in the green while hitting it’s week-highest on Wednesday, 11/27/24 when the stock touched $19.17 price level, adding 1.34% to its value on the day. Grid Dynamics Holdings Inc’s shares saw a change of 43.81% in year-to-date performance and have moved 8.24% in past 5-day. Grid Dynamics Holdings Inc (NASDAQ:GDYN) showed a performance of 20.34% in past 30-days. Number of shares sold short was 1.74 million shares which calculate 2.77 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 16.5 to the stock, which implies a fall of -16.18% to its current value. Analysts have been projecting 13 as a low price target for the stock while placing it at a high target of 20. It follows that stock’s current price would jump 32.19% in reaching the projected high whereas dropping to the targeted low would mean a gain of 32.19% for stock’s current value.
Grid Dynamics Holdings Inc (GDYN) estimates and forecasts
Statistics highlight that Grid Dynamics Holdings Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company added 101.79% of value to its shares in past 6 months, showing an annual growth rate of 3.13% while that of industry is 15.40. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 10.73% from the last financial year’s standing.
5 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 96.12M for the same. And 2 analysts are in estimates of company making revenue of 95.01M in the next quarter. Company posted 78.07M and 79.82M of sales in current and next quarters respectively a year earlier.
In 2024, company’s earnings growth rate is likely to be around 8.38% while estimates for its earnings growth in next 5 years are of 15.00%.
Grid Dynamics Holdings Inc (NASDAQ:GDYN)’s Major holders
Insiders are in possession of 22.72% of company’s total shares while institution are holding 68.81 percent of that, with stock having share float percentage of 89.04%. Investors also watch the number of corporate investors in a company very closely, which is 68.81% institutions for Grid Dynamics Holdings Inc that are currently holding shares of the company. WASATCH ADVISORS LP is the top institutional holder at GDYN for having 7.14 million shares of worth $75.08 million. And as of 2024-06-30, it was holding 9.3808 of the company’s outstanding shares.
The second largest institutional holder is BLACKROCK INC., which was holding about 4.86 million shares on 2024-06-30. The number of shares represents firm’s hold over 6.3838 of outstanding shares, having a total worth of $51.09 million.
On the other hand, Wasatch Small Cap Growth Fund and Baron Small Cap Fund are the top two Mutual Funds which own company’s shares. As of Sep 30, 2024 , the former fund manager was holding 3.01 shares of worth $55.05 million or 3.92% of the total outstanding shares. The later fund manager was in possession of 3.0 shares on Sep 30, 2024 , making its stake of worth around $54.9 million in the company or a holder of 3.91% of company’s stock.
