In the past week, BZFD stock has gone down by -0.34%, with a monthly decline of -4.06% and a quarterly surge of 75.05%. The volatility ratio for the week is 5.22%, and the volatility levels for the last 30 days are 9.50% for BuzzFeed Inc. The simple moving average for the past 20 days is -6.31% for BZFD’s stock, with a 6.90% simple moving average for the past 200 days.
Is It Worth Investing in BuzzFeed Inc (NASDAQ: BZFD) Right Now?
Additionally, the 36-month beta value for BZFD is 3.11. 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.”
The public float for BZFD is 60.82M and currently, short sellers hold a 5.89% ratio of that float. The average trading volume of BZFD on April 26, 2024 was 4.92M shares.
BZFD) stock’s latest price update
BuzzFeed Inc (NASDAQ: BZFD) has experienced a decline in its stock price by -3.70 compared to its previous closing price of 0.40. However, the company has seen a fall of -0.34% in its stock price over the last five trading days. Business Wire reported 2024-04-22 that NEW YORK–(BUSINESS WIRE)–BuzzFeed, Inc. (NASDAQ: BZFD) today announced plans to release first quarter 2024 financial results on Monday, May 13, 2024 after the market closes. BuzzFeed, Inc. Founder and CEO Jonah Peretti and CFO Matt Omer will host a conference call to discuss the results at 5:00 PM ET. The financial results conference call will be available via webcast at investors.buzzfeed.com under the heading News & Events. A replay of the call will be made available at the same URL. To.
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 5.76% 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 -53.57% of loss for the given period.
Volatility was left at 9.50%, however, over the last 30 days, the volatility rate increased by 5.22%, as shares sank -3.53% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +130.05% upper at present.
During the last 5 trading sessions, BZFD fell by -0.34%, which changed the moving average for the period of 200-days by -36.87% in comparison to the 20-day moving average, which settled at $0.4103. In addition, BuzzFeed Inc saw 54.04% 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 0.81. 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
In conclusion, BuzzFeed Inc (BZFD) has seen mixed 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.
