Connect with us

Heartland

Are Investors Keen On Selling Holdings In Grid Dynamics Holdings, Inc. (NASDAQ:GDYN)?

Republished by Plato

Published

on

Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) traded at $9.53 at last check on Friday, Nov 20, making a downturn move of -0.1% on its previous day’s price.

Looking at the stock we see that its previous close was $9.54 and the beta (5Y monthly) reads 0 with the day’s price range being $9.20 – 9.77. The company has a 12-month trailing PE ratio of 0. In terms of its 52-week price range, GDYN has a high of $13.51 and a low of $4.61. The company’s stock has gained about 11.2% over that past 30 days.

Grid has a market cap of $481.84 Million and is expected to release its quarterly earnings report on November 05, 2020. With its Forward Dividend at 0 and a yield of 0%, the company’s investors could be worried for the GDYN stock to lose ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $0.03, with the EPS growth for the year raised at $0.1 for 2020 and $0.16 for next year. These figures represent -1.09% and at 0.6% growth in EPS for the two years respectively.

There have been 3 upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the GDYN stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 50% Buy. Long term indicators on average place the stock in the category of 50% Buy.

Based on estimates by 5 analysts where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, none have rated the Grid Dynamics Holdings, Inc. (GDYN) stock as a Hold, while 5 rate it as a Buy. None analysts rate it as outperform while none of them rated it as underperform, whereas none suggests the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.

Looking further, we note that the PEG ratio for the GDYN stock currently stands at 0, and the current price level is 12.44% off its SMA20 and 17.29% from its 50-day simple moving average. The RSI (14) is pointing at 74.98 while the volatility over the past week is 6.97% and drops to 5.93% over the past one month. The beta value is 0, while the average true range (ATR) is currently pointing at 0.51. The average price target for the stock over the next 12 months is $11.25, with the estimates having a low of $11 and a high of $12. These price ends are 15.42% and +25.92% off the current price level respectively, although investors could be excited at the prospect of a +15.42% if the GDYN share price touches on the median price of $11.

Let’s briefly compare Grid (GDYN) stock to its peers. We find that today’s price change of -0.1% and -10.26% over the past 12 months for GDYN competes that of Servicenow Inc (NOW), which has seen its stock price rise 0.73% in the latest trading session and is +85.6% over the last one year. Another of its peers Infosys Ltd (INFY) has climbed 0.54% today, and is +51.06% up over the past year, while Dell Technologies Inc (DELL) is also down -0.1% yet its price remains in the red at -10.26% over the same period. Servicenow has a P/E ratio of 147.13 compared to Grid’s 0 and Infosys 26.48. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at -0.68% and -0.75%, respectively, in early deals.

Coming back to Grid Dynamics Holdings, Inc. (NASDAQ:GDYN), we note that the average 3-month trading volume was 212.29 Million, while that of the preceding 10-day period stands at 241.28 Million. Current shares outstanding are 50.86 Million.

According to data from Thomson Reuters, insiders hold 60.11% of the company’s shares while institutions hold 42.6%. The data shows that short shares as of October 29, 2020, stood at 179.91 Million at a short ratio of 0.77. This represents a 0.35% Short interest in Shares outstanding on October 29, 2020. Shares short dropped in October from the previous month at 241.18 Million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -12.17% down in year-to-date price movement.

Source: https://www.google.com/url?rct=j&sa=t&url=https://stocksregister.com/2020/11/21/are-investors-keen-on-selling-holdings-in-grid-dynamics-holdings-inc-nasdaqgdyn/&ct=ga&cd=CAIyGmFhNDVjMDg0ZjNlMjdiMmY6Y29tOmVuOlVT&usg=AFQjCNG9NNBJhkamkTCaKcJn733f3F3Qew

Heartland

Republished by Plato

Published

on

Source:

Continue Reading

Heartland

Republished by Plato

Published

on

Source:

Continue Reading

Heartland

Republished by Plato

Published

on

Source:

Continue Reading
CBD5 days ago

CBD News: CBD court ruling brings additional support in Germany for access

Material2 days ago

Improved sinter-bonding properties of silver-coated copper flake paste in air by the addition of sub-micrometer silver-coated copper particles

Heartland4 days ago

Everything You Need to Know About the Miraculous Health Benefits of Cannabidiol

CBD4 days ago

GreenheartCBD Founder Paul Walsh named to the All-Ireland Business All Star List

Material3 days ago

Colorful and antibacterial nylon fabric via in-situ biosynthesis of chitosan mediated nanosilver

Heartland17 hours ago

High CBD/low THC content for a new user?

Heartland5 days ago

Vireo Health Q3 Revenue Increases 11% Sequentially to $11.9 Million

Material3 days ago

Synthesis of Silica-based Scaffolds with High Porosity and Controllable Microstructure by a Sintering-free Sol-gel/Freeze-casting Hybrid Method under Mild Conditions

Heartland2 days ago

What happens when you green out?

Material4 days ago

A comparative study of hot ductility of unadded and Ce-added SA508-4N RPV steels

Heartland2 days ago

Model Katiana Kay Launches Bay Smokes

CBD5 days ago

The 20 Strongest CBD Oil Products Available

Heartland5 days ago

Cannabidiol Derivative May Be Effective as EB Treatment, Studies Suggest

Heartland1 day ago

Anyone try kokonuggz with THC?

News4 days ago

Will Donald Trump gratify cannabis prisoners before leaving the White House?

Heartland3 days ago

How Does Heat Not Burn Work?

Concrete3 days ago

Nov 27, DIY Epoxy Concrete Crack Repair – What I use – How I Repair Concrete

Material3 days ago

First-principle computations of ferromagnetic HgCr2Z4 (Z=S, Se) spinels for spintronic and energy storage system applications

Heartland1 day ago

lol

Heartland18 hours ago

CBD oil brain fog

Heartland5 days ago

Tried baking brownies with CBD?

Heartland5 days ago

Manufacturing4 days ago

Rubber-Metal Bonding

Heartland2 days ago

Heartland2 days ago

Heartland1 day ago

LASG destroys 1700 illegal shanties, recovers illegal substances at Agege

Metal5 days ago

CAAM: Auto vehicle output in China up 9.6 percent in Nov 1-20

Metal5 days ago

Japanese crude steel output up 11% in October from September

Metal5 days ago

Japanese crude steel output up 11% in October from September

Heartland5 days ago

A Screenless, LED Display CBD Battery—The DOT Vaporizer

Trending

A Cloud Nine Capital Entity Copyright © 2020 – All Rights Reserved Proudly Made in America