The 36-month beta value for BZFD is at 3.32. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for BZFD is 20.22M, and currently, shorts hold a 10.86% of that float. The average trading volume for BZFD on June 24, 2024 was 1.76M shares.
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BZFD) stock’s latest price update
BuzzFeed Inc (NASDAQ: BZFD) has seen a rise in its stock price by 19.25 in relation to its previous close of 2.13. However, the company has experienced a 13.39% gain in its stock price over the last five trading sessions. investorplace.com reported 2024-06-20 that Investors can overlook underestimated stocks to buy for various reasons. In many cases, some inherent flaw or fundamental issue makes their underestimated status apparent.
BZFD’s Market Performance
BuzzFeed Inc (BZFD) has experienced a 13.39% rise in stock performance for the past week, with a -15.61% drop in the past month, and a 71.71% rise in the past quarter. The volatility ratio for the week is 6.70%, and the volatility levels for the past 30 days are at 11.69% for BZFD. The simple moving average for the past 20 days is 0.80% for BZFD’s stock, with a 74.53% simple moving average for the past 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 20.82% 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 -44.30% of loss for the given period.
Volatility was left at 11.69%, however, over the last 30 days, the volatility rate increased by 6.70%, as shares sank -6.06% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +44.79% upper at present.
During the last 5 trading sessions, BZFD rose by +10.71%, which changed the moving average for the period of 200-days by +51.96% in comparison to the 20-day moving average, which settled at $2.51. In addition, BuzzFeed Inc saw 154.00% 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 104,000 shares at the price of $2.85 back on May 31 ’24. After this action, Johnson John S. III now owns 1,091,195 shares of BuzzFeed Inc, valued at $296,067 using the latest closing price.
COMCAST CORP, the 10% Owner of BuzzFeed Inc, sale 3,176,923 shares at $3.19 during a trade that took place back on May 22 ’24, which means that COMCAST CORP is holding 2,000,000 shares at $10,145,821 based on the most recent closing price.
Stock Fundamentals for BZFD
Current profitability levels for the company are sitting at:
- -0.13 for the present operating margin
- 0.39 for the gross margin
The net margin for BuzzFeed Inc stands at -0.33. The total capital return value is set at -0.33. Equity return is now at value -56.12, with -16.73 for asset returns.
Based on BuzzFeed Inc (BZFD), the company’s capital structure generated 0.68 points at debt to capital in total, while cash flow to debt ratio is standing at -0.12. The debt to equity ratio resting at 2.1. The interest coverage ratio of the stock is -2.39.
Currently, EBITDA for the company is -10.32 million with net debt to EBITDA at -6.8. When we switch over and look at the enterprise to sales, we see a ratio of 0.67. The receivables turnover for the company is 4.53for trailing twelve months and the total asset turnover is 0.91. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.70.
Conclusion
In conclusion, BuzzFeed Inc (BZFD) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
