Bumble Inc (NASDAQ:BMBL) saw a downside of -1.35% to $14.59 after subtracting -$0.2 on Wednesday. The 5-day average trading volume is 1,383,008 shares of the company’s common stock. It has gained $14.99 in the past week and touched a new high 4 times within the past 5 days. An average of 1,505,167 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,756,951.
BMBL’s 1-month performance is -8.07% or -$1.47 on its low of $14.28 reached on 09/21/23. The company’s shares have touched a 52-week low of $14.28 and high of $27.92, with the stock’s rally to the 52-week high happening on 02/02/23. YTD, BMBL has lost -30.69% or -$6.47 and has reached a new high 9 times. However, the current price is down -47.74% from the 52-week high price.
Insider Transactions
BMBL stock investors last saw insider trading activity on May 10.Bromberg Matthew S (Director) most recently sold 12,096 shares at $17.17 per share on May 10. This transaction cost the insider $207,654. 10% Owner, Blackstone Holdings III GP Man, sold 11,750,000 shares at a price of $22.17 on Mar 08. Then, on Mar 08, 10% Owner BX Buzz ML-1 Holdco L.P. sold 11,750,000 shares at a price of $22.17 per share. This transaction amounted to $260,532,750.
Valuation Metrics
BMBL stock has a beta of 1.86. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.04 while the price-to-book (PB) in the most recent quarter is 1.20, with the price to cash flow ratio at 14.78.
Bumble Inc’s quick ratio for the period ended June 29 was 2.82, with the current ratio over the same period at 2.82. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.38, while the total debt to equity was 0.38. In terms of profitability, the gross margin trailing 12 months is 64.27%. The trailing 12-month EBITDA margin is 11.33% while for the period ending June 29, Bumble Inc’s operating margin was 5.23%. The firm’s gross profit as reported stood at $654.01 million against revenue of $903.5 million.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 165.04% to $6.75 million, while revenue of -$1.61 million was 123.85% off the previous quarter. Analysts expected BMBL to announce $0.03 per share in earnings in its latest quarter, but it posted $0.05, representing a 66.70% surprise. EBITDA for the quarter stood at more than $38.14 million. BMBL stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 1.25 billion, with total debt at $638.89 million. Shareholders hold equity totaling $136.52 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 26 September was 31.29% to suggest the stock is trending Neutral, with historical volatility in this time period at 23.74%.
The stock’s 5-day moving average is $14.64, reflecting a -1.72% or -$0.26 change from its current price. BMBL is currently trading -8.51% above its 20-day SMA, -17.38% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -25.86% and SMA200 by-37.47%.
Stochastic %K and %D was 20.53% and 17.71% and the average true range (ATR) pointed at 0.50. The RSI (14) points at 34.06%, while the 14-day stochastic is at 14.97% with the period’s ATR at 0.54. The stock’s 9-day MACD Oscillator is pointing at -0.19 and -0.46 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Bumble Inc (NASDAQ: BMBL), HSBC Securities launched coverage with a Buy 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. 2 rates the stock as overweight while 11 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 $18.00 and a high of $35.00, with their median price target at $23.00. Looking at these predictions, the average price target given by analysts is for Bumble Inc (BMBL) stock is $23.59.
