GRINDR INC (NYSE:GRND) – A High-Growth Stock Meeting Minervini’s Trend Template

GRINDR INC (NYSE:GRND) has been identified as a high-growth momentum stock that aligns with Mark Minervini’s Trend Template criteria. The company operates a leading social networking app for the LGBTQ+ community, demonstrating strong revenue growth and technical strength. Below, we examine why GRND fits both Minervini’s strategy and high-growth investing principles.

Why GRND Fits Minervini’s Trend Template

Minervini’s strategy focuses on stocks exhibiting strong uptrends with improving fundamentals. GRND meets these criteria:

• Price Above Key Moving Averages:

  • Current price ($23.50) is above the 50-day ($19.49), 150-day ($17.25), and 200-day ($15.91) moving averages.
  • The 50-day MA is above both the 150-day and 200-day MAs, confirming bullish momentum.

• Upward-Trending Averages:

  • The 200-day MA is rising, indicating a long-term uptrend.

• Strong Relative Strength:

  • GRND’s relative strength (98.2) shows it outperforms nearly all other stocks in its sector.

• Price Near 52-Week High:

  • The stock is trading within 5% of its 52-week high ($24.80), a sign of leadership.

High-Growth Fundamentals

Despite negative earnings due to reinvestment, GRND shows strong revenue and user growth:

• Revenue Growth:

  • Quarterly revenue growth: 24.7% (latest quarter), 35.4% (previous quarter).
  • Annual revenue growth: 32.7% (TTM).

• Free Cash Flow Expansion:

  • FCF per share grew 180.8% year-over-year, indicating improving profitability.

• Positive Revisions:

  • Analysts have raised next-year EPS and revenue estimates by 1.55% over the past three months.

Technical Outlook

GRND’s technical rating is a perfect 10/10, with a setup score of 6/10, suggesting consolidation before a potential breakout. Key levels:

• Support: $23.49 (trendline), $19.10 (daily trend).
• Resistance: $24.45 (recent high).

Our High Growth Momentum + Trend Template screener lists more stocks with similar characteristics. For a deeper technical review, see the full GRND technical report.

Disclaimer

This is not investment advice. Always conduct your own research before making financial decisions.