Bumble Inc (NASDAQ:BMBL) shares, rose in value, with the stock price down by -1.12% to the previous day’s close as strong demand from buyers drove the stock to $11.49.
Actively observing the price movement in the recent trading, the stock is buoying the session at $11.62. The PE ratio was 103.05 over 12-month period. Referring to stock’s 52-week performance, its high was $21.06, and the low was $9.83. On the whole, BMBL has fluctuated by 11.88% over the past month.
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Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 1.14B, with a low estimate of 271.6M and a high estimate of 276.9M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 273.32M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that BMBL’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of BMBL currently trading nearly -2.16% and 4.26% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 51.06, while the 7-day volatility ratio is showing 2.79% which for the 30-day chart, stands at 4.10%. Furthermore, Bumble Inc (BMBL)’s beta value is 1.73, and its average true range (ATR) is 0.40.
A comparison of Bumble Inc (BMBL) with its peers suggests the former has fared considerably weaker in the market. BMBL showed an intraday change of -1.12% in today’s session so far, and over the past year, it shrunk by -33.78%%.
Data on historical trading for Bumble Inc (NASDAQ:BMBL) indicates that the trading volumes over the past 3 months, they’ve averaged 2.91 million. According to company’s latest data on outstanding shares, there are 130.69 million shares outstanding.
Nearly 28.90% of Bumble Inc’s shares belong to company insiders and institutional investors own 70.92% of the company’s shares. The stock has fallen by -22.05% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the BMBL stock heading into the next quarter.
