Bumble Inc (BMBL) Shares Down Despite Recent Market Volatility

The stock of Bumble Inc (NASDAQ: BMBL) has decreased by -1.50 when compared to last closing price of 11.31. Despite this, the company has experienced a 1.09% gain in its stock price over the last five trading sessions. InvestorPlace reported 2024-03-20 that Small cap stocks like those discussed below tend to receive much less attention than their large cap competitors. Shares, which boast a market capitalization between $250 million and $2 billion, remain relatively small.

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

Additionally, the 36-month beta value for BMBL is 1.68. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”

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The public float for BMBL is 94.17M and currently, short sellers hold a 11.91% ratio of that float. The average trading volume of BMBL on April 03, 2024 was 2.96M shares.

BMBL’s Market Performance

BMBL stock saw a decrease of 1.09% in the past week, with a monthly decline of -2.62% and a quarterly a decrease of -24.42%. The volatility ratio for the week is 2.89%, and the volatility levels for the last 30 days are 3.45% for Bumble Inc (BMBL). The simple moving average for the past 20 days is 1.86% for BMBL’s stock, with a -24.60% simple moving average for the past 200 days.

Analysts’ Opinion of BMBL

Many brokerage firms have already submitted their reports for BMBL stocks, with BTIG Research repeating the rating for BMBL by listing it as a “Buy.” The predicted price for BMBL in the upcoming period, according to BTIG Research is $15 based on the research report published on February 28, 2024 of the current year 2024.

Wells Fargo, on the other hand, stated in their research note that they expect to see BMBL reach a price target of $19. The rating they have provided for BMBL stocks is “Overweight” according to the report published on December 07th, 2023.

BofA Securities gave a rating of “Neutral” to BMBL, setting the target price at $17 in the report published on October 19th of the previous year.

BMBL Trading at -10.15% 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 -47.09% of loss for the given period.

Volatility was left at 3.45%, however, over the last 30 days, the volatility rate increased by 2.89%, as shares sank -1.24% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -19.10% lower at present.

During the last 5 trading sessions, BMBL rose by +1.09%, which changed the moving average for the period of 200-days by -36.81% in comparison to the 20-day moving average, which settled at $10.93. In addition, Bumble Inc saw -24.42% 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 BMBL starting from BTOA – NQ L.L.C., who sale 2,509,316 shares at the price of $11.10 back on Mar 03 ’24. After this action, BTOA – NQ L.L.C. now owns 12,802 shares of Bumble Inc, valued at $27,845,378 using the latest closing price.

BCP Buzz Holdings L.P., the 10% Owner of Bumble Inc, sale 2,509,316 shares at $11.10 during a trade that took place back on Mar 03 ’24, which means that BCP Buzz Holdings L.P. is holding 12,802 shares at $27,845,378 based on the most recent closing price.

Stock Fundamentals for BMBL

Current profitability levels for the company are sitting at:

  • 0.09 for the present operating margin
  • 0.69 for the gross margin

The net margin for Bumble Inc stands at -0.0. The total capital return value is set at 0.03. Equity return is now at value -0.26, with -0.12 for asset returns.

Based on Bumble Inc (BMBL), the company’s capital structure generated 0.28 points at debt to capital in total, while cash flow to debt ratio is standing at 0.29. The debt to equity ratio resting at 0.38. The interest coverage ratio of the stock is -8.2.

Currently, EBITDA for the company is 116.76 million with net debt to EBITDA at 1.96. When we switch over and look at the enterprise to sales, we see a ratio of 1.64. The receivables turnover for the company is 9.84for trailing twelve months and the total asset turnover is 0.29. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.01.

Conclusion

In conclusion, Bumble Inc (BMBL) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.

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