Last Updated: 13 Sep 2024
Executive Summary
Grindr Inc. (GRND) is a publicly traded company in the real estate and construction sector, specifically operating in the blank checks industry. The company has a market capitalization of $2.04 billion and has been experiencing recent growth in revenue and earnings. Despite a negative profit margin, Grindr has a strong operating margin and positive return on assets. Analysts have a bullish outlook on the stock, with a target price of $15.67 and a consensus rating of "Buy."
Company Overview
Grindr Inc. is a global social networking and dating app for gay, bisexual, transgender, and queer people. The company was founded in 2009 and is headquartered in Singapore. Grindr's platform allows users to connect with others nearby, share photos and videos, and send messages. The company generates revenue through advertising and premium subscriptions.
Fundamental Analysis
Revenue: Grindr's revenue for the trailing twelve months (TTM) was $300.03 million, representing a 0.338% increase year-over-year.
Earnings: The company reported a diluted EPS of -$0.44 for the TTM, a 12% decrease from the previous year.
Profitability: Grindr has a negative profit margin of -0.257%, indicating that the company is not currently profitable. However, the company's operating margin is 0.298%, suggesting that it is generating positive cash flow from its operations.
Return on Assets: The company's return on assets (ROA) is 0.114%, indicating that it is generating a positive return on its invested capital.
Return on Equity: Grindr's return on equity (ROE) is -0.0504%, indicating that the company is not currently generating a positive return on its shareholders' equity.
Technical Analysis
Price Action: GRND's stock price has been trading in a range between $5.32 and $12.83 over the past 52 weeks. The stock is currently trading at $11.78, near the upper end of its range.
Moving Averages: The stock's 50-day moving average is $11.77, and its 200-day moving average is $9.84. The stock is currently trading above both of its moving averages, indicating a bullish trend.
Support and Resistance: The stock's support level is at $10.00, and its resistance level is at $12.50. The stock is currently trading above its support level and below its resistance level.
Short Term Outlook
In the short term, Grindr's stock price is expected to continue to trade in a range between $10.00 and $12.50. The stock is currently trading near the upper end of its range, and a breakout above $12.50 could lead to further gains. However, a pullback below $10.00 could indicate a reversal of the bullish trend.
Long Term Outlook
In the long term, Grindr's stock price is expected to continue to rise as the company continues to grow its revenue and earnings. The company's strong brand recognition and global reach give it a competitive advantage in the LGBTQ+ dating market. As the LGBTQ+ community continues to grow and become more visible, Grindr is well-positioned to benefit from this trend.
Analyst Recommendations
Analysts have a bullish outlook on Grindr's stock. The consensus rating is "Buy," and the average target price is $15.67. This suggests that analysts believe that the stock is undervalued and has the potential to generate significant returns for investors.
