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Daily High to Daily Low: Is It Safe to Buy BuzzFeed Inc. (BZFD)?

BuzzFeed Inc. (NASDAQ:BZFD) went up by 11.02% from its latest closing price compared to the recent 1-year high of $14.77. The company’s stock price has collected -19.63% of loss in the last five trading sessions. The Wall Street Journal reported on 06/16/22 that BuzzFeed Taps Karolina Waclawiak as Editor in Chief of News Division

Is It Worth Investing in BuzzFeed Inc. (NASDAQ :BZFD) Right Now?

BuzzFeed Inc. (NASDAQ:BZFD) scored a price-to-earnings ratio above its average ratio, recording 4.07 x from its present earnings ratio. Opinions of the stock are interesting as 1 analysts out of 3 who provided ratings for BuzzFeed Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 1 rated it as “hold,” and 0 as “sell.”

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The average price from analysts is $2.67, which is $1.69 above the current price. BZFD currently public float of 69.01M and currently shorts hold a 2.14% ratio of that float. Today, the average trading volume of BZFD was 112.55K shares.

BZFD’s Market Performance

BZFD stocks went down by -19.63% for the week, with a monthly drop of -33.16% and a quarterly performance of -19.63%, while its annual performance rate touched -86.86%. The volatility ratio for the week stands at 16.38% while the volatility levels for the past 30 days are set at 9.78% for BuzzFeed Inc. The simple moving average for the period of the last 20 days is -23.26% for BZFD stocks with a simple moving average of -54.64% for the last 200 days.

Analysts’ Opinion of BZFD

Many brokerage firms have already submitted their reports for BZFD stocks, with Cowen repeating the rating for BZFD by listing it as a “Market Perform.” The predicted price for BZFD in the upcoming period, according to Cowen is $2 based on the research report published on November 22nd of the current year 2022.

BofA Securities, on the other hand, stated in their research note that they expect to see BZFD reach a price target of $2, previously predicting the price at $4.50. The rating they have provided for BZFD stocks is “Underperform” according to the report published on August 11th, 2022.

BofA Securities gave a rating of “Neutral” to BZFD, setting the target price at $5 in the report published on February 04th of the current year.

BZFD Trading at -23.82% from the 50-Day Moving Average

After a stumble in the market that brought BZFD to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -91.13% of loss for the given period.

Volatility was left at 9.78%, however, over the last 30 days, the volatility rate increased by 16.38%, as shares sank -28.80% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -19.14% lower at present.

During the last 5 trading sessions, BZFD fell by -19.63%, which changed the moving average for the period of 200-days by -71.40% in comparison to the 20-day moving average, which settled at $1.6805. In addition, BuzzFeed Inc. saw -75.42% 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 BZFD starting from Rothstein Adam, who purchase 35,000 shares at the price of $2.17 back on Jun 08. After this action, Rothstein Adam now owns 195,359 shares of BuzzFeed Inc., valued at $76,122 using the latest closing price.

Rothstein Adam, the Director of BuzzFeed Inc., purchase 10,000 shares at $2.29 during a trade that took place back on Jun 07, which means that Rothstein Adam is holding 160,359 shares at $22,950 based on the most recent closing price.