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An Analysis of Grid Dynamics Holdings Inc (GDYN)’s Potential Price Growth

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In a filing, Grid Dynamics Holdings Inc revealed its CHIEF FINANCIAL OFFICER Doradla Anil unloaded Company’s shares for reported $66360.0 on Jan 07 ’25. In the deal valued at $22.12 per share,3,000 shares were sold. As a result of this transaction, Doradla Anil now holds 343,012 shares worth roughly $7.02 million.

Then, Livschitz Leonard sold 50,000 shares, generating $1,080,000 in total proceeds. Upon selling the shares at $21.60, the CHIEF EXECUTIVE OFFICER now owns 3,091,906 shares.

Before that, LEONARD LIVSCHITZ bought 50,000 shares. Grid Dynamics Holdings Inc shares valued at $1,080,030 were divested by the Officer at a price of $21.60 per share.

TD Cowen upgraded its Grid Dynamics Holdings Inc [GDYN] rating to a Buy from a a Hold in a research note published on August 02, 2024; the price target was increased to $16 from $12. A number of analysts have revised their coverage, including Wedbush’s analysts, who began to cover the stock in late May with a ‘”an Outperform”‘ rating. Needham also remained covering GDYN and reiterated its “Buy” recommendation on March 04, 2022. Citigroup started covering the stock on November 01, 2021. It rated GDYN as “a Buy”.

Price Performance Review of GDYN

On Monday, Grid Dynamics Holdings Inc [NASDAQ:GDYN] saw its stock jump 0.69% to $20.48. Over the last five days, the stock has lost -6.53%. Grid Dynamics Holdings Inc shares have fallen nearly -7.91% since the year began. Nevertheless, the stocks have risen 56.93% over the past one year. While a 52-week high of $24.16 was reached on 01/03/25, a 52-week low of $9.07 was recorded on 01/13/25. SMA at 50 days reached $19.02, while 200 days put it at $13.84.

Levels Of Support And Resistance For GDYN Stock

The 24-hour chart illustrates a support level at 20.01, which if violated will result in even more drops to 19.53. On the upside, there is a resistance level at 20.75. A further resistance level may holdings at 21.01. The Relative Strength Index (RSI) on the 14-day chart is 50.76, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.75, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 80.70%. Stochastics %K at 26.48% indicates the stock is a holding.

How much short interest is there in Grid Dynamics Holdings Inc?

A steep rise in short interest was recorded in Grid Dynamics Holdings Inc stocks on 2024-12-31, growing by 0.59 million shares to a total of 2.21 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 1.62 million shares. There was a rise of 26.55%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on July 30, 2021 when JP Morgan began covering the stock and recommended ‘”an Overweight”‘ rating along with a $25 price target.

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