Bumble Inc [BMBL] stock prices are down -0.09% to $10.92 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The BMBL shares have gain 1.02% over the last week, with a monthly amount glided 0.83%, and 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 April 04, 2024, when Raymond James downgraded its rating to a Mkt Perform. Previously, BTIG Research reaffirmed its Buy rating on February 28, 2024, and dropped its price target to $15. On December 07, 2023, Wells Fargo initiated with a Overweight rating and assigned a price target of $19 on the stock. Loop Capital upgraded its rating to a Buy but $18 remained the price target by the analyst firm on September 29, 2023. HSBC Securities started tracking with a Buy rating for this stock on September 26, 2023, and assigned it a price target of $20.30. In a note dated August 09, 2023, RBC Capital Mkts reiterated an Outperform rating on this stock and revised its target price from $27 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 $10.92 at the most recent close of the market. An investor can expect a potential return of 203.48% 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 10.66 points at the first support level, and at 10.40 for the second support level. However, for the 1st resistance point, the stock is sitting at 11.09, and for the 2nd resistance point, it is at 11.27.
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. Also, the Quick Ratio is 2.01, while the Cash Ratio stands at 1.45. Considering the valuation of this stock, the price to sales ratio is 1.34, the price to book ratio is 0.87.
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.
