A share price of Bumble Inc [BMBL] is currently trading at $9.34, up 1.30%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The BMBL shares have gain 7.23% over the last week, with a monthly amount drifted -5.94%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Bumble Inc [NASDAQ: BMBL] stock has seen the most recent analyst activity on July 16, 2024, when Wolfe Research initiated its Outperform rating and assigned the stock a price target of $14. Previously, Citigroup reaffirmed its Buy rating on July 15, 2024, and dropped its price target to $12. On July 08, 2024, downgrade downgraded it’s rating to Equal Weight and revised its price target to $10 on the stock. Raymond James downgraded its rating to a Mkt Perform. BTIG Research reiterated a Buy rating for this stock on February 28, 2024, and downed its price target to $15. In a note dated December 07, 2023, Wells Fargo initiated an Overweight rating and provided a target price of $19 on this stock.
Bumble Inc experienced fluctuations in its stock price throughout the past year between $8.65 and $18.84. Currently, Wall Street analysts expect the stock to reach $29.06 within the next 12 months. Bumble Inc [NASDAQ: BMBL] shares were valued at $9.34 at the most recent close of the market. An investor can expect a potential return of 211.13% 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 0.67% with Operating Profit Margin at 0.14%, 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 0.05. 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 9.18 points at the first support level, and at 9.03 for the second support level. However, for the 1st resistance point, the stock is sitting at 9.61, and for the 2nd resistance point, it is at 9.88.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Bumble Inc [NASDAQ:BMBL] is 1.96. As well, the Quick Ratio is 1.96, while the Cash Ratio is 1.31. Considering the valuation of this stock, the price to sales ratio is 1.09, the price to book ratio is 0.73 and price to earnings (TTM) ratio is 83.77.
Transactions by insiders
Recent insider trading involved MATHER ANN, Director, that happened on Jun 07 ’24 when 7492.0 shares were sold. Director, Hsiao Sissie L. completed a deal on Jun 07 ’24 to sell 5496.0 shares. Meanwhile, 10% Owner BTOA – NQ L.L.C. sold 2.51 million shares on Mar 03 ’24.
