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Riding the Trend or Protecting Profits | Bumble Inc. (BMBL)

Bumble Inc. (NASDAQ:BMBL) went down by -5.27% from its latest closing price compared to the recent 1-year high of $60.50. The company’s stock price has collected -12.52% of loss in the last five trading sessions. Barron’s reported on 08/11/22 that Bumble’s Guidance ‘Somewhat Confusing.’ The Stock Slumps on Product Delay.

Is It Worth Investing in Bumble Inc. (NASDAQ :BMBL) Right Now?

BMBL currently public float of 128.65M and currently shorts hold a 5.63% ratio of that float. Today, the average trading volume of BMBL was 2.44M shares.

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BMBL’s Market Performance

BMBL stocks went down by -12.52% for the week, with a monthly drop of -21.16% and a quarterly performance of -25.16%, while its annual performance rate touched -57.14%. The volatility ratio for the week stands at 5.62% while the volatility levels for the past 30 days are set at 5.57% for Bumble Inc. The simple moving average for the period of the last 20 days is -13.28% for BMBL stocks with a simple moving average of -23.38% for the last 200 days.

Analysts’ Opinion of BMBL

Many brokerage firms have already submitted their reports for BMBL stocks, with Stifel repeating the rating for BMBL by listing it as a “Buy.” The predicted price for BMBL in the upcoming period, according to Stifel is $35 based on the research report published on September 15th of the current year 2022.

Jefferies, on the other hand, stated in their research note that they expect to see BMBL reach a price target of $39, previously predicting the price at $30. The rating they have provided for BMBL stocks is “Hold” according to the report published on August 01st, 2022.

Deutsche Bank gave a rating of “Hold” to BMBL, setting the target price at $28 in the report published on March 11th of the current year.

BMBL Trading at -27.35% from the 50-Day Moving Average

After a stumble in the market that brought BMBL to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -63.17% of loss for the given period.

Volatility was left at 5.57%, however, over the last 30 days, the volatility rate increased by 5.62%, as shares sank -13.94% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -33.71% lower at present.

During the last 5 trading sessions, BMBL fell by -12.52%, which changed the moving average for the period of 200-days by -31.00% in comparison to the 20-day moving average, which settled at $25.51. In addition, Bumble Inc. saw -34.20% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at BMBL starting from Griffin Amy, who purchase 35,200 shares at the price of $28.37 back on Mar 17. After this action, Griffin Amy now owns 152,700 shares of Bumble Inc., valued at $998,624 using the latest closing price.

Stock Fundamentals for BMBL

Equity return is now at value 0.00, with 0.00 for asset returns.

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