Bumble Inc. (NASDAQ:BMBL) saw an upside of 2.78% to close Tuesday at $50.25 after adding $1.36 on the day. The 5-day average trading volume is 895,200 shares of the company’s common stock. It has gained $51.74 in the past week. An average of 1,520,920 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,053,478.
BMBL’s 1-month performance is -8.05% or -$7.95 on its low of $47.80 reached on 10/04/21. The company’s shares have touched a 52-week low of $38.91 and high of $84.80. YTD, BMBL has lost -28.53%. However, the current price is down -40.74%% from the 52-week high price.
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On Sep 15, 28 days have gone by since the last insider trading activity for Bumble Inc. (BMBL). BX Buzz ML-1 GP LLC (10% Owner) most recently sold 20,700,000 shares at $52.38 per share on Sep 15. This transaction cost the insider $1,084,266,000. 10% Owner, BTOA – NQ L.L.C., sold 20,700,000 shares at a price of $52.38 on Sep 15. Then, on Sep 15, 10% Owner BCP Buzz Holdings L.P. sold 20,700,000 shares at a price of $52.38 per share. This transaction amounted to $1,084,266,000.
Bumble Inc. (BMBL) has a trailing price-to-earnings (P/E) ratio of 29.20 for the broader industry and 36.86 for the sector. The company’s PE ratio for the last five years has touched a high of 35.48 and a low of 27.38. BMBL stock has a beta of 0.00. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 14.63 while the price-to-book (PB) in the most recent quarter is 4.01.
Bumble Inc.’s quick ratio for the period ended June 29 was 2.40, with the current ratio over the same period at 2.40 meaning that BMBL stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.42, while the total debt to equity was 0.42The trailing 12-month EBITDA margin is 13.74% while for the period ending June 29; Bumble Inc.’s operating margin was -21.60%. The firm’s gross profit as reported stood at $349.17 million against revenue of $488.94 million.
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected BMBL to announce $0.01 per share in earnings in its latest quarter, but it posted -$0.06, representing a -700.00% surprise. EBITDA for the quarter stood at more than $17.41 million. BMBL stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 1.27 billion, with total debt at $633.05 million. Shareholders hold equity totaling $119.8 million
Let’s look briefly at Bumble Inc. (BMBL) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 46.77% to suggest the stock is trending Neutral, with historical volatility in this time period at 45.71%.
The stock’s 5-day moving average is $49.54, reflecting a +2.03% or $1.00 change from its current price. BMBL is currently trading -3.94% above its 20-day SMA, +26.07% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +0.08%.
Stochastic %K and %D was 17.74% and 18.82% and the average true range (ATR) pointed at 2.29. The RSI (14) points at 46.39%, while the 14-day stochastic is at 27.46% with the period’s ATR at 2.44. The stock’s 9-day MACD Oscillator is pointing at -0.20 and -1.34 on the 14-day charts.
In the most recent analyst report for Bumble Inc. (NASDAQ: BMBL), RBC Capital Mkts launched coverage with an Outperform rating. Analysts offering their rating for BMBL stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate BMBL as a “sell,”, while 8 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 7 have offered a “buy” rating.
What is BMBL’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $50.00 and a high of $75.00, with their median price target at $61.00. Looking at these predictions, the average price target given by analysts is for Bumble Inc. (BMBL) stock is $62.29.