One of the most dreaded feelings for an investor is when the stock they just bought is overvalued, or they missed out on an undervalued opportunity by not acting fast enough.

But what if you had the insights to effectively evaluate a company like Grid Dynamics Holdings Inc before investing? Investing requires a certain perspective to avoid being overly confident in a company or worried about cyclical changes. A smart way to take the guesswork out of knowing when to buy or sell Grid Dynamics Holdings Inc’s stock is to have the right tools and resources as well as a clear monitoring process.

In this article, we go over a few key elements for understanding Grid Dynamics Holdings Inc’s stock price such as:

• Current stock price and volume
• Stock price history
• Upgrades and downgrades from analysts
• Stock price momentum as measured by its relative strength

About Grid Dynamics Holdings Inc (GDYN)

Before we jump into Grid Dynamics Holdings Inc’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

Grid Dynamics Holdings, Inc. is providing enterprise-level digital transformation services. The Company offers collaborations to provide digital transformation initiatives, which include consulting, development of prototypes and enterprise-scale delivery of digital platforms. The Company is focused on providing technical consulting, software design, development, testing and Internet service operations. The Company offers solutions across various industries, including retail, technology, consumer packaged goods (CPG)/manufacturing, and finance sectors. The Company’s services include digital transformation strategy consulting, emerging technology engineering services, lean labs and legacy replatforming solutions. It applies various technologies, such as artificial intelligence (AI), data science, cloud computing, Big Data and DevOps to enable digital transformation across the enterprise.

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Grid Dynamics Holdings Inc’s Stock Price as of Market Close

As of March 23, 2023, 4:00 PM CST, Grid Dynamics Holdings Inc’s stock price was $10.94.

Grid Dynamics Holdings Inc is up 4.09% from its previous closing price of $10.51.

During the last market session, Grid Dynamics Holdings Inc’s stock traded between $10.50 and $10.92. Currently, there are 74.09 million shares of Grid Dynamics Holdings Inc stock available for purchase.

Unfortunately, Grid Dynamics Holdings Inc’s P/E ratio is not significant enough to use for stock price evaluation. We recommend investors evaluate other financial metrics to understand its overall valuation.

Grid Dynamics Holdings Inc Stock Price History

Grid Dynamics Holdings Inc’s (GDYN) price is currently down 6.09% so far this month.

During the month of March, Grid Dynamics Holdings Inc’s stock price has reached a high of $12.33 and a low of $9.55.

Over the last year, Grid Dynamics Holdings Inc has hit prices as high as $24.27 and as low as $9.55. Year to date, Grid Dynamics Holdings Inc’s stock is down 71.19%.

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What Caused Grid Dynamics Holdings Inc Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

One of the most common factors that can drastically impact a stock’s price is analyst upgrades and downgrades. When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of March 22, 2023, there were 3 analysts who downgraded Grid Dynamics Holdings Inc’s stock and 2 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Grid Dynamics Holdings Inc’s financial health and valuation. It is possible for a stock to appear cheap based on one valuation metric but appear expensive on another. It is also possible for one valuation ratio to be associated with outperforming stocks during certain periods of time but not others.

Therefore, AAII developed a composite valuation to help resolve such issues. AAII’s Value Grade analyzes six distinct variables: price-to-sales (P/S) ratio, price-earnings (P/E) ratio, the ratio of enterprise value to earnings before interest, taxes, depreciation and amortization (EV/EBITDA), shareholder yield, price-to-book-value (P/B) ratio and price-to-free-cash-flow (P/FCF) ratio.

Grid Dynamics Holdings Inc’s current valuation based on AAII’s Value Grade is a F, which means it is considered to be Ultra Expensive.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Grid Dynamics Holdings Inc (GDYN) by visiting AAII Stock Evaluator.

Relative Price Strength of Grid Dynamics Holdings Inc

Relative price strength addresses the relationship between a stock price’s trend and the price trend of the market. This ratio is expressed as a percentage and helps investors understand a company’s momentum as well as its value. You can use relative price strength to select investments that have been outperforming the market or a specific benchmark.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. The weighted four-quarter relative price strength rank is the relative price change for each of the past four quarters. The most recent quarterly price change is given a weight of 40%, and each of the three previous quarters are given a weighting of 20%.

As of March 22, 2023, Grid Dynamics Holdings Inc has a weighted four-quarter relative price strength of 5.00%, which translates to a Momentum Score of 80 and is considered to be Strong.

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Grid Dynamics Holdings Inc Stock Price: Bottom Line

As of March 23, 2023, Grid Dynamics Holdings Inc’s stock price is $10.94, which is up 4.09% from its previous closing price.

At AAII, we stress that investors should never buy or sell a stock solely based on its stock price. Past returns do not guarantee future performance. Therefore, you should consider multiple ratios, fundamentals and analytics before making a decision. Whether you decide it’s a good time to buy or sell Grid Dynamics Holdings Inc’s stock based on its stock price forecast is ultimately up to you.

It’s important to understand that stock prices are driven by a variety of factors, but ultimately the price at any given moment is due to the supply and demand in the market. Stock price overviews, like the one you just read, only give you a small snapshot of a company’s performance, value and momentum.

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