A share price of Bumble Inc [BMBL] is currently trading at $11.45, up 11.49%. 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 12.70% over the last week, with a monthly amount glided 4.76%, and 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 experienced fluctuations in its stock price throughout the past year between $9.83 and $21.06. Currently, Wall Street analysts expect the stock to reach $30.27 within the next 12 months. Bumble Inc [NASDAQ: BMBL] shares were valued at $11.45 at the most recent close of the market. An investor can expect a potential return of 164.37% based on the average BMBL price forecast.
Analyzing the BMBL fundamentals
Trailing Twelve Months sales for Bumble Inc [NASDAQ:BMBL] were 1.08B which represents 10.22% growth. Gross Profit Margin for this corporation currently stands at 0.69% with Operating Profit Margin at 0.13%, Pretax Profit Margin comes in at 0.04%, and Net Profit Margin reading is 0.02%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.01 and Total Capital is 0.04. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.39.
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 10.53 points at the first support level, and at 9.60 for the second support level. However, for the 1st resistance point, the stock is sitting at 12.36, and for the 2nd resistance point, it is at 13.26.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Bumble Inc [NASDAQ:BMBL] is 1.96. Also, the Quick Ratio is 2.01, while the Cash Ratio stands at 1.31. Considering the valuation of this stock, the price to sales ratio is 1.34, the price to book ratio is 0.92 and price to earnings (TTM) ratio is 102.23.
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.
