Bumble Inc (BMBL) Shares Decline Despite Market Challenges

The stock price of Bumble Inc (NASDAQ: BMBL) has dropped by -1.10 compared to previous close of 6.38. Despite this, the company has seen a gain of 1.12% in its stock price over the last five trading days. accesswire.com reported 2024-10-01 that NEW YORK, NY / ACCESSWIRE / October 1, 2024 / If you suffered a loss on your Bumble Inc. (NASDAQ:BMBL) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/bumble-lawsuit-submission-form?prid=106531&wire=1 or contact Joseph E. Levi, Esq.

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

The price-to-earnings ratio for Bumble Inc (NASDAQ: BMBL) is above average at 21.59x, Company’s 36-month beta value is 1.67.Analysts have differing opinions on the stock, with 6 analysts rating it as a “buy,” 2 as “overweight,” 14 as “hold,” and 1 as “sell.”

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

The public float for BMBL is 91.81M, and currently, short sellers hold a 18.84% ratio of that floaft. The average trading volume of BMBL on October 02, 2024 was 3.90M shares.

BMBL’s Market Performance

BMBL’s stock has seen a 1.12% increase for the week, with a -5.96% drop in the past month and a -34.54% fall in the past quarter. The volatility ratio for the week is 5.09%, and the volatility levels for the past 30 days are at 4.61% for Bumble Inc The simple moving average for the last 20 days is -1.37% for BMBL’s stock, with a simple moving average of -40.63% for the last 200 days.

Analysts’ Opinion of BMBL

TD Cowen, on the other hand, stated in their research note that they expect to see BMBL reach a price target of $7.50, previously predicting the price at $22. The rating they have provided for BMBL stocks is “Hold” according to the report published on August 16th, 2024.

Susquehanna gave a rating of “Neutral” to BMBL, setting the target price at $6 in the report published on August 09th of the current year.

BMBL Trading at -9.71% 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 -60.31% of loss for the given period.

Volatility was left at 4.61%, however, over the last 30 days, the volatility rate increased by 5.09%, as shares sank -6.66% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -30.74% lower at present.

During the last 5 trading sessions, BMBL rose by +1.12%, which changed the moving average for the period of 200-days by -58.24% in comparison to the 20-day moving average, which settled at $6.38. In addition, Bumble Inc saw -57.19% 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 1.05. 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 a nutshell, Bumble Inc (BMBL) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.

Related Posts