Bumble Inc [BMBL] stock prices are up 1.20% to $10.95 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The BMBL shares have gain 1.11% over the last week, with a monthly amount drifted -19.31%, and not seem to be holding up well over a long-time horizon.
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On 28, February 2024, Bumble Inc. to Participate in Morgan Stanley Technology, Media & Telecom Conference. In a post published today on Yahoo Finance, Bumble Inc. (NASDAQ: BMBL) today announced that management will participate at the following investor conference:.
From an analyst’s perspective:
Bumble Inc [NASDAQ: BMBL] stock has seen the most recent analyst activity on February 28, 2024, when BTIG Research reiterated its Buy rating and also revised its price target to $15 from $20. Previously, Wells Fargo started tracking the stock with Overweight rating on December 07, 2023, and set its price target to $19. Loop Capital upgraded its rating to a Buy but stick to its price target of $18 on September 29, 2023. HSBC Securities initiated its recommendation with a Buy and recommended $20.30 as its price target on September 26, 2023. RBC Capital Mkts reiterated a Outperform rating for this stock on August 09, 2023, and downed its price target to $23.
The stock price of Bumble Inc [BMBL] has been fluctuating between $10.36 and $21.06 over the past year. Currently, Wall Street analysts expect the stock to reach $33.14 within the next 12 months. Bumble Inc [NASDAQ: BMBL] shares were valued at $10.95 at the most recent close of the market. An investor can expect a potential return of 202.65% based on the average BMBL price forecast.
Analyzing the BMBL fundamentals
The Bumble Inc [NASDAQ:BMBL] reported sales of 1.05B for trailing twelve months, representing a surge of 13.25%. Gross Profit Margin for this corporation currently stands at 0.69% with Operating Profit Margin at 0.09%, Pretax Profit Margin comes in at 0.01%, and Net Profit Margin reading is -0.0%. To continue investigating profitability, this company’s Return on Assets is posted at -0.0, Equity is -0.0 and Total Capital is 0.03. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.38.
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 10.76 points at the first support level, and at 10.58 for the second support level. However, for the 1st resistance point, the stock is sitting at 11.10, and for the 2nd resistance point, it is at 11.25.
Bumble Inc [BMBL] reported earnings per share of -$0.19 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.11/share, meaning a difference of -$0.3 and a surprise factor of -272.70%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.12 per share as compared to estimates of $0.07 per share, a difference of $0.05 representing a surprise of 71.40%.
Ratios To Look Out For
It’s worth pointing out that Bumble Inc [NASDAQ:BMBL]’s Current Ratio is 2.01. On the other hand, the Quick Ratio is 2.01, and the Cash Ratio is 1.45. Considering the valuation of this stock, the price to sales ratio is 1.35, the price to book ratio is 0.88.
Transactions by insiders
Recent insider trading involved BTOA – NQ L.L.C., 10% Owner, that happened on Mar 03 ’24 when 2.51 million shares were sold. 10% Owner, BCP Buzz Holdings L.P. completed a deal on Mar 03 ’24 to sell 2.51 million shares. Meanwhile, 10% Owner BX Buzz ML-1 GP LLC sold 2.51 million shares on Mar 03 ’24.
