Grid Dynamics (GDYN) Stock Price, News & Analysis

Company Overview

Grid Dynamics Holdings, Inc., together with its subsidiaries, provides technology consulting, platform and product engineering, and analytics services in North America, Europe, and internationally. It offers cloud platform and product engineering services, such as architecting, designing, and building scalable and secure cloud-based platforms and business applications; and AI/machine learning and data platform engineering services that build platforms to facilitate batch and streaming data ingestion, quality governance, orchestration, semantic modeling, observability, and analysis at scale. The company provides digital engagement services, including digital ecosystem design and implementation; and supply chain, Internet of Thing, and advanced manufacturing, which focuses on transforming traditional operations into smart and connected ecosystems. It serves customers that operate in the tech, media, telecommunications, retail, consumer packaged goods, manufacturing, and finance industries. The company was formerly known as ChaSerg Technology Acquisition Corp. and changed its name to Grid Dynamics Holdings, Inc. Grid Dynamics Holdings, Inc. was founded in 2006 and is headquartered in San Ramon, California.

Key Stats

• Today's Range: $20.47 to $21.19
• 50-Day Range: $15.24 to $20.53
• 52-Week Range: $9.07 to $21.19
• Volume: 618,942 shs
• Average Volume: 398,218 shs
• Market Capitalization: $1.74 billion
• P/E Ratio: 702.57
• Dividend Yield: N/A
• Price Target: $18.33
• Consensus Rating: Buy

Grid Dynamics Stock Analysis - MarketRank™

Grid Dynamics scored higher than 43% of companies evaluated by MarketBeat, and ranked 437th out of 657 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.6 / 5
• Analyst Rating: Buy

Consensus Rating

Grid Dynamics has received a consensus rating of Buy. The company's average rating score is 3.17, and is based on 5 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Grid Dynamics has only been the subject of 4 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 400.00%

Earnings Growth

Earnings for Grid Dynamics are expected to grow by 400.00% in the coming year, from $0.03 to $0.15 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Grid Dynamics is 702.57, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 111.99.

Price to Earnings Ratio vs. Sector

The P/E ratio of Grid Dynamics is 702.57, which means that it is trading at a more expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 238.87.

Price to Book Value per Share Ratio

Grid Dynamics has a P/B Ratio of 4.17. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.98% of the float of Grid Dynamics has been sold short.

Short Interest Ratio / Days to Cover

Grid Dynamics has a short interest ratio ("days to cover") of 3.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Grid Dynamics has recently increased by 15.43%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Grid Dynamics does not currently pay a dividend.

Dividend Growth

Grid Dynamics does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

2.98% of the float of Grid Dynamics has been sold short.

Short Interest Ratio / Days to Cover

Grid Dynamics has a short interest ratio ("days to cover") of 3.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Grid Dynamics has recently increased by 15.43%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.8 / 5
• News Sentiment: 1.05

News Sentiment

Grid Dynamics has a news sentiment score of 1.05. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.61 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 3 news articles for Grid Dynamics this week, compared to 3 articles on an average week.

Search Interest

Only 3 people have searched for GDYN on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

MarketBeat Follows

3 people have added Grid Dynamics to their MarketBeat watchlist in the last 30 days. This is an increase of 50% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Grid Dynamics insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $399,260.00 in company stock.

Percentage Held by Insiders

Only 7.20% of the stock of Grid Dynamics is held by insiders.

Percentage Held by Institutions

71.18% of the stock of Grid Dynamics is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

GDYN Stock Analysis - Frequently Asked Questions

How have GDYN shares performed this year?

Grid Dynamics' stock was trading at $13.33 at the beginning of the year. Since then, GDYN stock has increased by 58.1% and is now trading at $21.07.
View the best growth stocks for 2024 here.

How were Grid Dynamics' earnings last quarter?

Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) posted its quarterly earnings results on Thursday, October, 31st. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.09 by $0.01. Grid Dynamics's revenue was up 12.9% on a year-over-year basis.

Who are Grid Dynamics' major shareholders?

Grid Dynamics' top institutional investors include Wasatch Advisors LP (9.16%), Wellington Management Group LLP (3.72%), Jennison Associates LLC (3.18%) and State Street Corp (1.88%). Insiders that own company stock include Teamsun Technology Co Beijing, Leonard Livschitz, Anil Doradla, Stan Klimoff, Shuo Zhang, Patrick Nicolet and Eric Benhamou.
View institutional ownership trends.

How do I buy shares of Grid Dynamics?

Shares of GDYN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Grid Dynamics own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Grid Dynamics investors own include American Water Works (AWK), Waste Connections (WCN), Humana (HUM), The RMR Group (RMR), Voyager Therapeutics (VYGR), DiamondRock Hospitality (DRH) and iShares Micro-Cap ETF (IWC).

Company Calendar

• Last Earnings: 10/31/2024
• Today: 12/26/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Computer and Technology
• Industry: Prepackaged software
• Sub-Industry: Computer Software
• Current Symbol: NASDAQ:GDYN
• CUSIP: N/A
• CIK: 1743725
• Web: www.griddynamics.com
• Phone: (650) 523-5000
• Fax: N/A
• Employees: 3,920
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $18.33
• High Stock Price Target: $25.00
• Low Stock Price Target: $13.00
• Potential Upside/Downside: -13.0%
• Consensus Rating: Buy
• Rating Score (0-4): 3.17
• Research Coverage: 6 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.03
• Trailing P/E Ratio: 702.57
• Forward P/E Ratio: 702.33
• P/E Growth: N/A
• Net Income: $-1,760,000.00
• Net Margins: 0.74%
• Pretax Margin: 2.07%
• Return on Equity: 0.15%
• Return on Assets: 0.13%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 5.96
• Quick Ratio: 5.96

Sales & Book Value

• Annual Sales: $328.36 million
• Price / Sales: 5.29
• Cash Flow: $0.53 per share
• Price / Cash Flow: 40.05
• Book Value: $5.05 per share
• Price / Book: 4.17

Miscellaneous

• Outstanding Shares: 82,493,000
• Free Float: 76,554,000
• Market Cap: $1.74 billion
• Optionable: Optionable
• Beta: 1.06