NASDAQ:GDYN

Grid Dynamics (GDYN) Stock Forecast, Price & News

$11.93

-0.25 (-2.05%)

(As of 10:44 AM ET)

Compare

Today's Range: $11.93
▼
$12.17
50-Day Range: $9.68
▼
$12.26
52-Week Range: $8.00
▼
$20.12

Volume: 22,458 shs
Average Volume: 448,302 shs
Market Capitalization: $898.81 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $14.00

Grid Dynamics MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 15.9% Upside
$14.00 Price Target
Short Interest: Bearish
5.20% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 1.82
Based on 2 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 200.00%
From $0.14 to $0.42 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.00 out of 5 stars

Computer And Technology Sector

464th out of 610 stocks

Prepackaged Software Industry

151st out of 208 stocks

2.5

Analyst's Opinion

Consensus Rating
Grid Dynamics has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 4 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $14.00, Grid Dynamics has a forecasted upside of 15.9% from its current price of $12.08.
Amount of Analyst Coverage
Grid Dynamics has only been the subject of 3 research reports in the past 90 days.

1.0

Short Interest

Percentage of Shares Shorted
5.20% 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 6.4.
Change versus previous month
Short interest in Grid Dynamics has recently increased by 4.38%, indicating that investor sentiment is decreasing.

0.0

Dividend Strength

Dividend Yield
Grid Dynamics does not currently pay a dividend.
Dividend Growth
Grid Dynamics does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for GDYN.

3.2

News and Social Media Coverage

News Sentiment
Grid Dynamics has a news sentiment score of 1.82. 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 0.63 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Grid Dynamics this week, compared to 2 articles on an average week.
Search Interest
Only 1 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.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Grid Dynamics insiders have not sold or bought any company stock.
Percentage Held by Insiders
11.80% of the stock of Grid Dynamics is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
69.68% of the stock of Grid Dynamics is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Grid Dynamics are expected to grow by 200.00% in the coming year, from $0.14 to $0.42 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Grid Dynamics is -44.74, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Grid Dynamics is -44.74, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Grid Dynamics has a P/B Ratio of 2.47. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Grid Dynamics (NASDAQ:GDYN) Stock

Grid Dynamics Holdings, Inc., together with its subsidiaries, provides enterprise-level digital transformation services in the areas of search, analytics, and release automation for Fortune 1000 corporations in North America, Europe, and internationally. It works in collaboration with its clients on digital transformation initiatives that cover strategy consulting, early prototypes, and enterprise-scale delivery of new digital platforms. The company offers technical consulting, software design, development, testing, and internet service operations services. It serves customers that operate in the retail, technology and telecommunications, media, consumer packaged goods/manufacturing, financial services, and other sectors. 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.

GDYN Price History

30 days | 90 days | 365 days | Advanced Chart

GDYN Stock News Headlines

September 7, 2023 | finance.yahoo.com

Grid Dynamics Releases A Major Update of Its Analytics Platform With LLM-Powered Data Analytics, Advanced Semantic Layer, Data Access and Observability Services

September 5, 2023 | finance.yahoo.com

Grid Dynamics to Host Analyst & Investor Day on November 16th

October 2, 2023 | Wall Street Fundamentals (Ad)

How is This "Hidden Gem" Thriving in a Turbulent Market?

While Wall Street flounders and giants like Amazon & Microsoft lay off thousands... One overlooked company has been quietly achieving over 400% growth. How? By buying, building, and scaling a portfolio of promising brands in high-margin, recession-resistant verticals.

August 27, 2023 | finance.yahoo.com

Is It Time To Consider Buying Grid Dynamics Holdings, Inc. (NASDAQ:GDYN)?

August 17, 2023 | finance.yahoo.com

Grid Dynamics Announces Partnership with Blue Yonder to Efficiently Deliver Supply Chain Solutions at Scale

August 16, 2023 | finance.yahoo.com

Here’s What Happened to Grid Dynamics Holdings (GDYN) after it Went Public

August 11, 2023 | finance.yahoo.com

Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) Q2 2023 Earnings Call Transcript

August 10, 2023 | seekingalpha.com

Grid Dynamics Reaches Operating Breakeven As Revenue Growth Stalls

October 2, 2023 | Wall Street Fundamentals (Ad)

How is This "Hidden Gem" Thriving in a Turbulent Market?

August 4, 2023 | msn.com

Needham Reiterates Grid Dynamics Holdings Inc - (GDYN) Buy Recommendation

August 4, 2023 | finance.yahoo.com

Q2 2023 Grid Dynamics Holdings Inc Earnings Call

August 3, 2023 | msn.com

Grid Dynamics Holdings Inc - (GDYN) Price Target Decreased by 5.63% to 13.67

August 3, 2023 | finance.yahoo.com

Grid Dynamics Reports Second Quarter 2023 Financial Results

July 20, 2023 | markets.businessinsider.com

Analyst Expectations for Grid Dynamics Holdings's Future

July 20, 2023 | finance.yahoo.com

Grid Dynamics Earns Membership in Microsoft’s Azure Migration and Modernization Program - Enabling Its Clients to Accelerate Time to Value on Cloud Transformation Initiatives and Invest in More Advanced and Disruptive Business Driving Programs

July 11, 2023 | finanznachrichten.de

Grid Dynamics New Hire: Grid Dynamics Welcomes Valery Zelixon, a Proven Revenue Catalyst, as Senior Vice President of Sales

July 11, 2023 | finance.yahoo.com

Grid Dynamics Welcomes Valery Zelixon, a Proven Revenue Catalyst, as Senior Vice President of Sales

July 10, 2023 | benzinga.com

Short Volatility Alert: Grid Dynamics Holdings

July 6, 2023 | finance.yahoo.com

Grid Dynamics to Announce Second Quarter 2023 Financial Results on August 3rd

June 28, 2023 | finance.yahoo.com

Grid Dynamics Launches AI Focus Groups Starter Kit - An Innovative Generative AI Solution for Faster, Easier, and Less Expensive Analysis of User-Generated Content and Optimization of Social Media Campaigns

June 27, 2023 | stockhouse.com

GroupBy and Grid Dynamics Join Forces to Simplify and Accelerate Time to Integration of GroupBy's eCommerce Search and Product Discovery Platform

June 27, 2023 | finance.yahoo.com

GroupBy and Grid Dynamics Join Forces to Simplify and Accelerate Time to Integration of GroupBy’s eCommerce Search and Product Discovery Platform

June 9, 2023 | finance.yahoo.com

Grid Dynamics to Participate in Generative AI Call Series with JP Morgan

June 7, 2023 | markets.businessinsider.com

Grid Dynamics Climbs 9%; Backs Q2 Revenue Outlook

June 6, 2023 | markets.businessinsider.com

J.P. Morgan Keeps Their Buy Rating on Grid Dynamics Holdings (GDYN)

June 6, 2023 | finance.yahoo.com

Grid Dynamics Expands Relationship with Google Cloud, Serving as Global Partner for Implementing Innovative Generative AI Solutions

June 6, 2023 | finance.yahoo.com

Grid Dynamics Reiterates Second Quarter 2023 Outlook

See More Headlines

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GDYN Company Calendar

Last Earnings: 8/03/2023
Today: 10/02/2023
Next Earnings (Estimated): 11/02/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Prepackaged software
Sub-Industry: N/A
Sector: Computer and Technology
Current Symbol: NASDAQ:GDYN
CUSIP: N/A
CIK: 1743725
Web: www.griddynamics.com
Phone: (650) 523-5000
Fax: N/A
Employees: 3,798
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $14.00
High Stock Price Forecast: $14.00
Low Stock Price Forecast: $14.00
Forecasted Upside/Downside: +14.9%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 4 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.27)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 87.00
P/E Growth: N/A
Net Income: $-29,210,000.00
Net Margins: -5.86%
Pretax Margin: -2.65%
Return on Equity: 9.71%
Return on Assets: 8.47%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 6.01
Quick Ratio: 6.01

Sales & Book Value

Annual Sales: $310.48 million
Price / Sales: 2.96
Cash Flow: $0.62 per share
Price / Cash Flow: 19.49
Book Value: $4.90 per share
Price / Book: 2.49

Miscellaneous

Outstanding Shares: 75,340,000
Free Float: 70,514,000
Market Cap: $917.64 million
Optionable: Not Optionable
Beta: 0.80

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Key Executives

Mr. Leonard Livschitz (Age 56)
CEO & Director
Comp: $2.08M

Mr. Anil Kumar Doradla (Age 53)
CFO & Sec.
Comp: $579.75k

Mr. Yury Gryzlov (Age 40)
COO & CEO of Grid Dynamics Europe
Comp: $779.48k

Mr. Rajeev Sharma
Chief Technology Officer

Mr. Valery Zelixon
Sr. VP of Sales

Mr. Eugene Steinberg Ph.D. (Age 44)
Technical Fellow & Head of Digital Commerce

Dr. Vadim Kozyrkov (Age 58)
Sr. VP of Engineering & Strategic Account Devel.

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

GDYN Stock - Frequently Asked Questions

Should I buy or sell Grid Dynamics stock right now?: 4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Grid Dynamics in the last year. There are currently 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" GDYN shares.
View GDYN analyst ratings or view top-rated stocks.
What is Grid Dynamics' stock price forecast for 2023?: 4 equities research analysts have issued 12-month price objectives for Grid Dynamics' shares. Their GDYN share price forecasts range from $14.00 to $14.00. On average, they anticipate the company's stock price to reach $14.00 in the next twelve months. This suggests a possible upside of 14.9% from the stock's current price.
View analysts price targets for GDYN or view top-rated stocks among Wall Street analysts.
How have GDYN shares performed in 2023?: Grid Dynamics' stock was trading at $11.22 on January 1st, 2023. Since then, GDYN stock has increased by 8.6% and is now trading at $12.18.
View the best growth stocks for 2023 here.
When is Grid Dynamics' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
View our GDYN earnings forecast.
How were Grid Dynamics' earnings last quarter?: Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) posted its earnings results on Thursday, August, 3rd. The company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.08 by $0.01. The business had revenue of $77.30 million for the quarter, compared to analyst estimates of $76.36 million. Grid Dynamics had a negative net margin of 5.86% and a positive trailing twelve-month return on equity of 9.71%. The company's revenue was up .0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.12 EPS.
What guidance has Grid Dynamics issued on next quarter's earnings?: Grid Dynamics updated its third quarter 2023 earnings guidance on Thursday, August, 3rd. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $76.00 million-$78.00 million, compared to the consensus revenue estimate of $76.20 million.

What other stocks do shareholders of Grid Dynamics own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Grid Dynamics investors own include Enterprise Products Partners (EPD), Phillips 66 (PSX), Vistra (VST), Cardtronics (CATM), Coca-Cola FEMSA (KOF), Moderna (MRNA), SailPoint Technologies (SAIL), CVS Health (CVS).
What is Grid Dynamics' stock symbol?: Grid Dynamics trades on the NASDAQ under the ticker symbol "GDYN."
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Grid Dynamics' stock price today?: One share of GDYN stock can currently be purchased for approximately $12.18.
How much money does Grid Dynamics make?: Grid Dynamics (NASDAQ:GDYN) has a market capitalization of $917.64 million and generates $310.48 million in revenue each year. The company earns $-29,210,000.00 in net income (profit) each year or ($0.27) on an earnings per share basis.
How many employees does Grid Dynamics have?: The company employs 3,798 workers across the globe.
How can I contact Grid Dynamics?: Grid Dynamics' mailing address is 5000 Executive Parkway Suite 520, San Ramon CA, 94583. The official website for the company is www.griddynamics.com. The company can be reached via phone at (650) 523-5000 or via email at investorrelations@griddynamics.com.

This page (NASDAQ:GDYN) was last updated on 10/2/2023 by MarketBeat.com Staff

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