The trading price of BuzzFeed Inc (NASDAQ:BZFD) closed higher on Monday, November 18, and closing at $3.20, 4.58% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $3.1 and $3.76. In examining the 52-week price action we see that the stock hit a 52-week high of $4.56 and a 52-week low of $0.64. Over the past month, the stock has gained 28.00% in value.
BuzzFeed Inc, whose market valuation is $113.45 million at the time of this writing, is expected to release its quarterly earnings report in December. Investors’ optimism about the company’s current quarter earnings report is understandable.
On the technical side, indicators suggest BZFD has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
A quick review shows that BZFD’s price is currently 17.16% off the SMA20 and 19.54% off the SMA50. The RSI metric on the 14-day chart is currently showing 61.97, and weekly volatility stands at 16.59%. When measured over the past 30 days, the indicator reaches 9.85%. BuzzFeed Inc (NASDAQ:BZFD)’s beta value is currently sitting at 3.40, while the Average True Range indicator is currently displaying 0.29.
To see how BuzzFeed Inc stock has been performing in comparison to its peers in the industry, here are the numbers: BZFD stock’s performance was 4.58% in the latest trading, and 150.16% in the past year.
An evaluation of the daily trading volume of BuzzFeed Inc (NASDAQ:BZFD) indicates that the 3-month average is 504.94K. However, this figure has increased over the past 10 days to an average of 1.26.
Currently, records show that 35.03 million of the company’s shares remain outstanding. The insiders hold 55.83% of outstanding shares, whereas institutions hold 7.86%. The stats also highlight that short interest as of 2024-10-31, stood at 0.7 million shares, resulting in a short ratio of 2.01 at that time. From this, we can conclude that short interest is 325.00 of the company’s total outstanding shares. It is noteworthy that short shares in October were down slightly from the previous month’s figure, which was 0.92 million. However, since the stock’s price has seen 220.00% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
