At the last check on Thursday, Bumble Inc.’s (NASDAQ:BMBL) stock was up $0.13, moving up 0.80 percent to $16.47. The average number of shares traded per day over the past five days has been 1,808,022 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.26 fall in that time frame. In the last twenty days, the average volume was 2,179,921, while in the previous 50 days, it was 2,351,850.
Since last month, BMBL stock retreated -18.22%. Shares of the company fell to $16.02 on 08/11/23, the lowest level in the past month. A 52-week high of $32.30 was reached on 02/02/23 after having rallying from a 52-week low of $14.73. Since the beginning of this year, BMBL’s stock price has dropped by -21.76% or -$4.58, and marked a new high 9 times. However, the stock has declined by -49.01% since its 52-week high.
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BMBL stock investors should be aware that Bumble Inc. (BMBL) stock had its last reported insider trading activity 99 days ago on May 10. Bromberg Matthew S, the Director of the company, disposed of 12,096 shares for $17.17 on May 10. It resulted in a $207,654 divestment by the insider. Blackstone Holdings III GP Man sold 11,750,000 shares at an average price of $22.17 on Mar 08. The insider now owns 0 shares following the transaction. On Mar 08, 10% Owner BX Buzz ML-1 Holdco L.P. sold 11,750,000 shares at $22.17 apiece. The transaction was valued at $260,532,750.
Valuation Metrics
The stock’s beta is 1.87. Besides these, the trailing price-to-sales (P/S) ratio of 2.35, the price-to-book (PB) ratio of 1.36, and the price-to-cash flow ratio of 18.11 may also be considered.
Financial Health
In the three months ended June 29, Bumble Inc.’s quick ratio stood at 2.80, while its current ratio was 2.80, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.37, and the total debt-to-equity ratio was 0.37. On the profitability front, the trailing twelve-month gross margin is 71.40% percent. In the year ended June 29, EBITDA margin amounted to 11.33%, whereas operating margins totaled -9.10%. Based on annual data, BMBL earned $654.01 million in gross profit and brought in $903.5 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -4.70%. Return on equity (ROE) for the past 12 months was -5.20%.
In Bumble Inc.’s quarter-end financial report for June 29, it reported total debt of $617.19 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. BMBL’s revenue rose 15.13% to $242.95 million during the quarter, while net income inched up to $259.74 million. While analysts expected Bumble Inc. to report $0.03 quarterly earnings, the actual figure was $0.05 per share, beating the consensus estimate by 66.70%. During the quarter, the company generated $38.14 million in EBITDA. The liabilities of Bumble Inc. were 1.25 billion at the end of its most recent quarter ended June 29, and its total debt was $638.89 million. The value of shareholders’ equity is $136.52 million.
Technical Picture
This quick technical analysis looks at Bumble Inc.’s (BMBL) price momentum. With a historical volatility rate of 56.80%, the RSI 9-day stood at 38.23% on 16 August.
With respect to its five-day moving average, the current Bumble Inc. price is down by -1.58% percent or -$0.26. At present, BMBL shares trade -13.30% below its 20-day simple moving average and -12.70% percent below its 100-day simple moving average. However, the stock is currently trading approximately -3.83% below its SMA50 and -35.43% below its SMA200.
Stochastic coefficient K was 15.66% and Stochastic coefficient D was 21.78%, while ATR was 0.78. Given the Stochastic reading of 15.71% for the 14-day period, the RSI (14) reading has been calculated as 41.11%. As of today, the MACD Oscillator reading stands at -0.47, while the 14-day reading stands at -0.84.
Analyst Ratings
RBC Capital Mkts reiterated its an Outperform rating on Bumble Inc. (NASDAQ: BMBL) in a note to investors. The analysts firm has however raised their price target to $23, representing a possible 39.0% increase in the stock price. Bumble Inc. (BMBL) has been rated Overweight by analysts. According to 0 brokerage firms, BMBL is a sell, and 8 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate Bumble Inc. stock as buy, with 10 recommending it as overweight.
With a median target price of $23.50, the current consensus forecast for the stock is $18.00 – $35.00. Based on these forecasts, analysts predict Bumble Inc. (BMBL) will achieve an average price target of $23.83.
