Bumble Inc (NASDAQ: BMBL) has a higher price-to-earnings ratio of 20.22x compared to its average ratio, The 36-month beta value for BMBL is at 1.67. Analysts have varying views on the stock, with 9 analysts rating it as a “buy,” 6 rating it as “overweight,” 14 as “hold,” and 1 as “sell.”
The public float for BMBL is 91.81M, and currently, shorts hold a 18.72% of that float. The average trading volume for BMBL on September 24, 2024 was 3.92M shares.
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BMBL) stock’s latest price update
Bumble Inc (NASDAQ: BMBL)’s stock price has dropped by -2.96 in relation to previous closing price of 6.09. Nevertheless, the company has seen a loss of -4.52% in its stock price over the last five trading days. accesswire.com reported 2024-09-23 that NEW YORK, NY / ACCESSWIRE / September 23, 2024 / Pomerantz LLP is investigating claims on behalf of investors of Bumble Inc. (“Bumble” or the “Company”) (NASDAQ:BMBL). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext.
BMBL’s Market Performance
Bumble Inc (BMBL) has seen a -4.52% fall in stock performance for the week, with a -8.80% decline in the past month and a -41.31% plunge in the past quarter. The volatility ratio for the week is 4.26%, and the volatility levels for the past 30 days are at 4.34% for BMBL. The simple moving average for the past 20 days is -9.27% for BMBL’s stock, with a -45.61% simple moving average for the past 200 days.
Analysts’ Opinion of BMBL
Many brokerage firms have already submitted their reports for BMBL stocks, with TD Cowen repeating the rating for BMBL by listing it as a “Hold.” The predicted price for BMBL in the upcoming period, according to TD Cowen is $7.50 based on the research report published on August 16, 2024 of the current year 2024.
Susquehanna, on the other hand, stated in their research note that they expect to see BMBL reach a price target of $6, previously predicting the price at $14. The rating they have provided for BMBL stocks is “Neutral” according to the report published on August 09th, 2024.
BMBL Trading at -19.65% 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 -62.83% of loss for the given period.
Volatility was left at 4.34%, however, over the last 30 days, the volatility rate increased by 4.26%, as shares sank -11.39% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -37.06% lower at present.
During the last 5 trading sessions, BMBL fell by -4.52%, which changed the moving average for the period of 200-days by -57.57% in comparison to the 20-day moving average, which settled at $6.48. In addition, Bumble Inc saw -59.91% 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 MATHER ANN, who sale 7,492 shares at the price of $11.41 back on Jun 07 ’24. After this action, MATHER ANN now owns 29,030 shares of Bumble Inc, valued at $85,506 using the latest closing price.
Hsiao Sissie L., the Director of Bumble Inc, sale 5,496 shares at $11.41 during a trade that took place back on Jun 07 ’24, which means that Hsiao Sissie L. is holding 43,278 shares at $62,717 based on the most recent closing price.
Stock Fundamentals for BMBL
Current profitability levels for the company are sitting at:
- 0.18 for the present operating margin
- 0.66 for the gross margin
The net margin for Bumble Inc stands at 0.04. The total capital return value is set at 0.06. Equity return is now at value 2.57, with 1.18 for asset returns.
Based on Bumble Inc (BMBL), the company’s capital structure generated 0.27 points at debt to capital in total, while cash flow to debt ratio is standing at 0.26. The debt to equity ratio resting at 0.38. The interest coverage ratio of the stock is -10.49.
Currently, EBITDA for the company is 116.76 million with net debt to EBITDA at 1.44. When we switch over and look at the enterprise to sales, we see a ratio of 1.01. The receivables turnover for the company is 10.66for trailing twelve months and the total asset turnover is 0.31. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.38.
Conclusion
In conclusion, Bumble Inc (BMBL) has had a bad performance lately. Opinion on the stock among analysts is bullish, 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.
