BuzzFeed Inc [BZFD] stock is trading at $0.33, down -4.51%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The BZFD shares have gain 38.66% over the last week, with a monthly amount glided 53.85%, and seem to be holding up well over a long-time horizon.
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On 21, February 2024, BuzzFeed, Inc. Announces Sale of Complex to NTWRK in All-Cash Deal. In a post published today on Yahoo Finance, Cash Proceeds from Sale Enable BuzzFeed, Inc. to Strengthen Balance Sheet, Reduce Debt and Improve Liquidity.
From an analyst’s perspective:
BuzzFeed Inc [NASDAQ: BZFD] stock has seen the most recent analyst activity on November 22, 2022, when Cowen downgraded its rating to a Market Perform and also revised its price target to $2 from $3. Previously, BofA Securities downgraded its rating to Underperform on August 11, 2022, and dropped its price target to $2. On February 04, 2022, BofA Securities initiated with a Neutral rating and assigned a price target of $5 on the stock. Craig Hallum started tracking the stock assigning a Buy rating and suggested a price target of $7.50 on January 12, 2022. Cowen initiated its recommendation with a Outperform and recommended $7 as its price target on January 10, 2022.
BuzzFeed Inc [BZFD] stock has fluctuated between $0.16 and $1.82 over the past year. BuzzFeed Inc [NASDAQ: BZFD] shares were valued at $0.33 at the most recent close of the market.
Analyzing the BZFD fundamentals
BuzzFeed Inc [NASDAQ:BZFD] reported sales of 352.98M for the trailing twelve months, which represents a drop of -29.34%. Gross Profit Margin for this corporation currently stands at -0.03% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.51%. To continue investigating profitability, this company’s Return on Assets is posted at -1.53, Equity is -2.61 and Total Capital is -22.65. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -6.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 0.2876 points at the first support level, and at 0.2451 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.3657, and for the 2nd resistance point, it is at 0.4013.
BuzzFeed Inc [BZFD] reported earnings per share of -$0.09 for its fiscal quarter that ended on 9/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.08/share, meaning a difference of -$0.01 and a surprise factor of -12.50%. By comparison, the stated earnings for the previous quarter ended on 6/29/2023 were -$0.2 per share as compared to estimates of -$0.12 per share, a difference of -$0.08 representing a surprise of -66.70%.
Ratios To Look Out For
For context, BuzzFeed Inc’s Current Ratio is 1.18. As well, the Quick Ratio is 1.18, while the Cash Ratio is 0.05. Considering the valuation of this stock, the price to sales ratio is 0.14, the price to book ratio is 0.40.
Transactions by insiders
Recent insider trading involved Johnson John S. III, Member of 10% Group, that happened on Jan 29 when 50000.0 shares were sold. Member of 10% Group, Johnson John S. III completed a deal on Jan 19 to sell 25000.0 shares. Meanwhile, Member of 10% Group Johnson John S. III sold 50000.0 shares on Jan 18.
