Bumble Inc [BMBL] stock is trading at $10.55, up 1.05%. An important factor to consider is whether the stock is rising or falling in short-term value. The BMBL shares have gain 3.03% over the last week, with a monthly amount drifted -3.39%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Raymond James downgraded its rating to Mkt Perform on April 04, 2024. On February 28, 2024, BTIG Research reiterated its Buy rating and revised its price target to $15 on the stock. Wells Fargo started tracking the stock assigning a Overweight rating and suggested a price target of $19 on December 07, 2023. Loop Capital upgraded its rating to Buy for this stock on September 29, 2023, but kept the price target unchanged to $18. In a note dated September 26, 2023, HSBC Securities initiated an Buy rating and provided a target price of $20.30 on this stock.
Bumble Inc [BMBL] stock has fluctuated between $9.94 and $21.06 over the past year. Currently, Wall Street analysts expect the stock to reach $31.93 within the next 12 months. Bumble Inc [NASDAQ: BMBL] shares were valued at $10.55 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
Bumble Inc [NASDAQ:BMBL] reported sales of 1.05B for the trailing twelve months, which represents a growth 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 10.22 points at the first support level, and at 9.89 for the second support level. However, for the 1st resistance point, the stock is sitting at 10.76, and for the 2nd resistance point, it is at 10.97.
Bumble Inc [BMBL] reported earnings per share of -$0.19 for its fiscal quarter that ended on 12/31/2023. 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 9/30/2023 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
For context, Bumble Inc’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 1.30, the price to book ratio is 0.84.
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.
