Grid Dynamics Holdings Inc. [NASDAQ:GDYN] shares were trading 6.79% to $8.49 on Friday. Comparativley, The S&P 500 is trading at 0.87%. For the year, the stock is trading -21.75% and the five-day change stands at 4.04%.
GDYN is booking earnings per share of -0.31.
The company is also reporting -0.31 earnings per share.
The Price is right
Holding a Market Cap of $404.21 million, Grid Dynamics Holdings Inc. has seen a trading range over the last year of $4.61-$13.51.
For the last five days, GDYN is up from its last closing price. The average shares trading hands each day is 180.24K, with average 10-day volume coming in at 0.41 million.
Using a Force Index Indicator is a good way to look at how strong actual buying and selling pressure is for GDYN. When we apply the Elder Force Index to Grid Dynamics Holdings Inc., we are seeing an Elder Force Indicator number of 682430.94.
The recent performance of the stock is another area that can tell traders how to proceed. GDYN is presenting an interesting case. This can be seen in the Forward P/E ratio, which currently stands at 44.22. Moreover, the company’s enterprise value has gone from $229.20M to $441.18M quarter-over-quarter. This could be an inflection point for the company, but either way we believe you should be adding them to your watchlist.
In the last quarter, GDYN made a profit of 8.39 million. In addition, the company has operating cash flow of $1.65 million.
Looking at popular technical indicators, the company’s 5-day moving average is 8.17 compared to the 50-day moving average of 7.61. So, we are clearly seeing an upward trajectory here.
The Relative Strength Index or RSI is an indicator ranging between 0 and 100 that traders use to determine if a stock is “overbought” or “oversold.” A strong uptrend tending to reach into the “overbought” status is above 70, while a downward trend will stay around the 30 mark. GDYN currently holds a 9-day RSI of 68.74%, while 100-day RSI stands at 50.57%.
Another indicator we believe is worth keeping tabs on is the Moving Average Convergence Divergence or MACD. Similar to the concept of the Force Index — on the basis of price momentum — the MACD gives traders a tool to measure the turning point of a stock even during rapid fluctuations in price. Buy and sell signals are determined by a stock’s relation to the zero line, so if a stock is above a zero line for many weeks it might be a “buy.” On the other hand, if a stock is below the zero line consistently, it might be one to stay away from. Also, if the MACD line reaches a peak and dips, its momentum may be waning. GDYN’s 9-day MACD is 0.09 and the company’s 100-day MACD stands at 0.58.
Another area that is important to analyze is insider moves and majority shareholders. While this is not always an error-free way to tell what the future holds for a stock, you can maybe gather important information from reading the tea leaves about who is buying and selling.
The major holders for this stock are 44.22% by insiders and 45.52% by institutions. Regarding institutional holdings, Blackrock Inc. owns 6.05%, while the second top holder, William Blair Investment Management, LLC, currently owns 4.43%.
Over the last six months, insiders have bought 7,200 with the most recent transaction from CARNEY LLOYD, Director, with a purchase at price 7.89 per share.
Overall, the recommended rating for GDYN is Strong Buy. Currently, the company has 5 analysts watching the stock, and the average quarterly earnings estimate is -0.01.
To review, the current 1-year target estimate is sitting at 11.38, while the current price 8.49. Based on this, we expect the stock to rise considering the aforementioned fundamentals.