NASDAQ:GDYN

Grid Dynamics - GDYN Stock Forecast, Price & News

$18.73

+0.22 (+1.19%)

(As of 09/30/2022 12:00 AM ET)

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Today's Range: $18.43
▼
$19.23
50-Day Range: $17.56
▼
$21.99
52-Week Range: $9.09
▼
$42.81

Volume: 378,529 shs
Average Volume: 580,367 shs
Market Capitalization: $1.26 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $23.60

Grid Dynamics MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.75 Rating Score
Upside/Downside: 26.0% Upside
$23.60 Price Target
Short Interest: Healthy
3.27% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 1.90
Based on 3 Articles This Week
Insider Trading: Selling Shares
$3.31 M Sold Last Quarter
Proj. Earnings Growth: 235.29%
From $0.17 to $0.57 Per Share

Overall MarketRank^™

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

2.67 out of 5 stars

Computer And Technology Sector

165th out of 652 stocks

Prepackaged Software Industry

38th out of 227 stocks

3.4

Analyst's Opinion

Consensus Rating
Grid Dynamics has received a consensus rating of Buy. The company's average rating score is 2.75, and is based on 3 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $23.60, Grid Dynamics has a forecasted upside of 26.0% from its current price of $18.73.
Amount of Analyst Coverage
Grid Dynamics has received no research coverage in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
3.27% 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 4.83%, 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.

3.8

News and Social Media Coverage

News Sentiment
Grid Dynamics has a news sentiment score of 1.90. 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 0.54 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 2 articles on an average week.
Search Interest
97 people have searched for GDYN on MarketBeat in the last 30 days. This is an increase of 708% compared to the previous 30 days.
MarketBeat Follows
Only 1 people have added Grid Dynamics to their MarketBeat watchlist in the last 30 days. This is a decrease of -67% compared to the previous 30 days.

3.3

Company Ownership

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 $3,306,773.00 in 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
66.15% 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 235.29% in the coming year, from $0.17 to $0.57 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Grid Dynamics is -62.43, 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 -62.43, 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 5.51. P/B Ratios above 3 indicate that a company could be overvalued 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.

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GDYN Stock News Headlines

September 23, 2022 | morningstar.com

Grid Dynamics Holdings Inc Ordinary Shares Class A

September 19, 2022 | finance.yahoo.com

Grid Dynamics Introduces New Starter Kit to Accelerate Enterprise Cloud Migration from Pivotal Cloud Foundry to Microsoft Azure

September 10, 2022 | finance.yahoo.com

Baron Funds Expects Grid Dynamics (GDYN) to Have a 20% Organic Revenue Increase

September 8, 2022 | markets.businessinsider.com

Why Grid Dynamics Shares Are Falling

September 8, 2022 | finance.yahoo.com

Grid Dynamics Announces Pricing of Public Offering

September 7, 2022 | finance.yahoo.com

Grid Dynamics Announces Proposed Public Offering

August 29, 2022 | finance.yahoo.com

Grid Dynamics Expands Operations in Poland with Opening of New Warsaw Location

August 23, 2022 | finance.yahoo.com

Knowde Chooses Grid Dynamics to Build a Modernized, Best-in-Class Search Engine for the Chemical Industry

August 20, 2022 | nasdaq.com

Is Grid Dynamics Holdings Still Cheap?

August 6, 2022 | seekingalpha.com

Grid Dynamics Holdings, Inc. (GDYN) CEO Leonard Livschitz on Q2 2022 Results - Earnings Call Transcript

August 4, 2022 | finance.yahoo.com

Grid Dynamics (GDYN) Q2 Earnings and Revenues Surpass Estimates

August 4, 2022 | finance.yahoo.com

Grid Dynamics Reports Second Quarter 2022 Financial Results

July 19, 2022 | morningstar.com

Grid Dynamics Holdings Inc Ordinary Shares Class A - Stock Financials GDYN

July 12, 2022 | finance.yahoo.com

Grid Dynamics to Announce Second Quarter 2022 Financial Results on August 4th

July 12, 2022 | finance.yahoo.com

Investors in Grid Dynamics Holdings (NASDAQ:GDYN) have unfortunately lost 16% over the last year

June 29, 2022 | finance.yahoo.com

Grid Dynamics and selfologi Win MACH Alliance Award for Best Health/Pharma Project

June 24, 2022 | finance.yahoo.com

Grid Dynamics Holdings (NASDAQ:GDYN) Might Be Having Difficulty Using Its Capital Effectively

June 21, 2022 | finance.yahoo.com

Argosy Investors: “GDYN is a Good Company”

June 13, 2022 | finance.yahoo.com

Grid Dynamics Holdings Stock Earns Relative Strength Rating Upgrade

June 6, 2022 | finance.yahoo.com

Grid Dynamics Signs a Strategic Partnership With Secret Double Octopus to Protect Global Organizations Against Cyber Attacks at a Time of Rapid Workforce Shifts and Growing Regulatory Demands

June 1, 2022 | finance.yahoo.com

We Think Grid Dynamics Holdings (NASDAQ:GDYN) Can Manage Its Debt With Ease

May 24, 2022 | finance.yahoo.com

Grid Dynamics Analytics Platform Now Available in the Microsoft Azure Marketplace

May 20, 2022 | nasdaq.com

Notable Friday Option Activity: CRWD, GDYN, FDX

May 14, 2022 | finance.yahoo.com

Growth Investors: Industry Analysts Just Upgraded Their Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) Revenue Forecasts By 12%

May 11, 2022 | finance.yahoo.com

Will Grid Dynamics (GDYN) Gain on Rising Earnings Estimates?

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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GDYN Company Calendar

Last Earnings: 11/04/2021
Today: 10/02/2022
Next Earnings (Estimated): 11/03/2022
Fiscal Year End: 12/31/2022

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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: 3,274
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $23.60
High Stock Price Forecast: $27.00
Low Stock Price Forecast: $16.00
Forecasted Upside/Downside: +26.0%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.75
Research Coverage: 4 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.30)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 110.18
P/E Growth: N/A
Net Income: $-7,700,000.00
Net Margins: -7.32%
Pretax Margin: -4.72%
Return on Equity: 12.49%
Return on Assets: 10.82%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 5.39
Quick Ratio: 5.39

Sales & Book Value

Annual Sales: $211.28 million
Price / Sales: 5.97
Cash Flow: $0.44 per share
Price / Cash Flow: 42.36
Book Value: $3.40 per share
Price / Book: 5.51

Miscellaneous

Outstanding Shares: 67,290,000
Free Float: 59,354,000
Market Cap: $1.26 billion
Optionable: Not Optionable
Beta: 0.99

Key Executives

Mr. Leonard Livschitz (Age 55)
CEO & Director
Comp: $1.62M

Mr. Anil Kumar Doradla (Age 52)
CFO & Sec.
Comp: $555k

Mr. Yury Gryzlov (Age 39)
Chief Operating Officer
Comp: $509.5k

Mr. Rajeev Sharma
Chief Technology Officer

Mr. Eugene Steinberg Ph.D. (Age 43)
Technical Fellow & Head of Digital Commerce

Mr. Stan Klimoff (Age 36)
Chief Strategy Officer

Dr. Vadim Kozyrkov (Age 57)
Sr. VP of Engineering

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 1 hold rating and 3 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 2022?: 4 analysts have issued 1-year price objectives for Grid Dynamics' stock. Their GDYN share price forecasts range from $16.00 to $27.00. On average, they expect the company's stock price to reach $23.60 in the next year. This suggests a possible upside of 26.0% 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 2022?: Grid Dynamics' stock was trading at $37.97 at the start of the year. Since then, GDYN stock has decreased by 50.7% and is now trading at $18.73.
View the best growth stocks for 2022 here.
When is Grid Dynamics' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our GDYN earnings forecast.
How were Grid Dynamics' earnings last quarter?: Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) issued its quarterly earnings results on Thursday, November, 4th. The company reported $0.11 earnings per share for the quarter, topping analysts' consensus estimates of $0.08 by $0.03. The company had revenue of $57.93 million for the quarter, compared to analysts' expectations of $50.87 million. Grid Dynamics had a negative net margin of 7.32% and a positive trailing twelve-month return on equity of 12.49%. The firm's revenue for the quarter was up 120.0% on a year-over-year basis. During the same period last year, the company posted $0.05 earnings per share.
What guidance has Grid Dynamics issued on next quarter's earnings?: Grid Dynamics updated its third quarter 2022 earnings guidance on Thursday, September, 1st. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $78.50 million-$80.00 million, compared to the consensus revenue estimate of $74.94 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), Ampio Pharmaceuticals (AMPE), 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 $18.73.
How much money does Grid Dynamics make?: Grid Dynamics (NASDAQ:GDYN) has a market capitalization of $1.26 billion and generates $211.28 million in revenue each year. The company earns $-7,700,000.00 in net income (profit) each year or ($0.30) on an earnings per share basis.
How many employees does Grid Dynamics have?: The company employs 3,274 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.

This page (NASDAQ:GDYN) was last updated on 10/2/2022 by MarketBeat.com Staff

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Grid Dynamics - GDYN Stock Forecast, Price & News

Grid Dynamics MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows