BuzzFeed Inc (NASDAQ:BZFD) shares, rose in value on Friday, November 01, with the stock price up by 2.41% to the previous day’s close as strong demand from buyers drove the stock to $2.55.
Actively observing the price movement in the last trading, the stock closed the session at $2.49, falling within a range of $2.36 and $2.55. The value of beta (5-year monthly) was 3.364. Referring to stock’s 52-week performance, its high was $4.56, and the low was $0.64. On the whole, BZFD has fluctuated by -6.93% over the past month.
With the market capitalization of BuzzFeed Inc currently standing at about $96.38 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Mar-25.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 252.68M, with a low estimate of 104.6M and a high estimate of 104.6M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 75.66M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that BZFD’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of Hold while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the price of BZFD currently trading nearly 1.15% and -1.62% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 49.82, while the 7-day volatility ratio is showing 10.57% which for the 30-day chart, stands at 6.17%. Furthermore, BuzzFeed Inc (BZFD)’s beta value is 3.36, and its average true range (ATR) is 0.17.
A comparison of BuzzFeed Inc (BZFD) with its peers suggests the former has fared considerably weaker in the market. BZFD showed an intraday change of 2.41% in last session, and over the past year, it grew by 108.33%%.
Data on historical trading for BuzzFeed Inc (NASDAQ:BZFD) indicates that the trading volumes over the past 10 days have averaged 0.5 and over the past 3 months, they’ve averaged 421.26K. According to company’s latest data on outstanding shares, there are 35.03 million shares outstanding.
Nearly 55.86% of BuzzFeed Inc’s shares belong to company insiders and institutional investors own 7.07% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 0.8 million shares as on 2024-10-15, resulting in a short ratio of 2.7. According to the data, the short interest in BuzzFeed Inc (BZFD) stood at 373.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 1.09 million. The stock has risen by 155.00% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the BZFD stock heading into the next quarter.
