BZFD has 36-month beta value of 3.13. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for BZFD is 60.82M, and currently, short sellers hold a 7.86% ratio of that float. The average trading volume of BZFD on April 17, 2024 was 4.91M shares.
BZFD) stock’s latest price update
BuzzFeed Inc (NASDAQ: BZFD)’s stock price has plunge by -3.45relation to previous closing price of 0.38. Nevertheless, the company has seen a -14.63% plunge in its stock price over the last five trading sessions. Seeking Alpha reported 2024-04-04 that The market doesn’t understand Carvana and Vroom, according to Courage & Conviction Investing. BuzzFeed’s recent sale and balance sheet improvements make it an interesting investment opportunity.
BZFD’s Market Performance
BuzzFeed Inc (BZFD) has experienced a -14.63% fall in stock performance for the past week, with a -4.20% drop in the past month, and a 56.88% rise in the past quarter. The volatility ratio for the week is 10.52%, and the volatility levels for the past 30 days are at 10.95% for BZFD. The simple moving average for the last 20 days is -10.73% for BZFD stock, with a simple moving average of 0.47% 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 22, 2022 of the previous 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 previous year.
BZFD Trading at 8.04% 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 -65.04% of loss for the given period.
Volatility was left at 10.95%, however, over the last 30 days, the volatility rate increased by 10.52%, as shares surge +1.01% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +126.56% upper at present.
During the last 5 trading sessions, BZFD fell by -9.53%, which changed the moving average for the period of 200-days by -22.97% in comparison to the 20-day moving average, which settled at $0.4114. In addition, BuzzFeed Inc saw 46.84% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at BZFD starting from Johnson John S. III, who sale 50,000 shares at the price of $0.19 back on Jan 29 ’24. After this action, Johnson John S. III now owns 4,780,779 shares of BuzzFeed Inc, valued at $9,440 using the latest closing price.
Johnson John S. III, the Member of 10% Group of BuzzFeed Inc, sale 25,000 shares at $0.22 during a trade that took place back on Jan 19 ’24, which means that Johnson John S. III is holding 4,830,779 shares at $5,400 based on the most recent closing price.
Stock Fundamentals for BZFD
Current profitability levels for the company are sitting at:
- -0.16 for the present operating margin
- 0.4 for the gross margin
The net margin for BuzzFeed Inc stands at -0.3. The total capital return value is set at -0.23. Equity return is now at value -49.16, with -14.45 for asset returns.
Based on BuzzFeed Inc (BZFD), the company’s capital structure generated 0.62 points at debt to capital in total, while cash flow to debt ratio is standing at -0.03. The debt to equity ratio resting at 1.66. The interest coverage ratio of the stock is -2.99.
Currently, EBITDA for the company is -10.32 million with net debt to EBITDA at -8.17. When we switch over and look at the enterprise to sales, we see a ratio of 0.8. The receivables turnover for the company is 3.36for trailing twelve months and the total asset turnover is 0.67. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.58.
Conclusion
To put it simply, BuzzFeed Inc (BZFD) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others 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.
