Bumble Inc (NASDAQ:BMBL) price on current trading day, rose 1.09% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $8.32.
A look at the stock’s price movement, the level at last check in today’s session was $8.23, moving within a range at $8.19 and $8.395. The beta value (5-Year monthly) was 1.628. Turning to its 52-week performance, $15.90 and $4.80 were the 52-week high and 52-week low respectively. Overall, BMBL moved 6.53% over the past month.
Bumble Inc’s market cap currently stands at around $900.08 million, with investors looking forward to this quarter’s earnings report slated for in January.
Analysts have a consensus estimate of 259.98M for the company’s revenue for the quarter, with a low and high estimate of 256.5M and 262.19M respectively. The average forecast suggests down to a -4.99% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 1.07B, representing a 1.74% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that BMBL is a Hold. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
12 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 4 analyst(s) rate the stock as a Hold, 8 recommend BMBL as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
BMBL’s current price about -0.58% and 10.51% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 53.13, while 7-day volatility ratio is 6.12% and 5.82% in the 30-day chart. Further, Bumble Inc (BMBL) has a beta value of 1.72, and an average true range (ATR) of 0.44. Analysts have given the company’s stock an average 52-week price target of $7, forecast between a low of $5.5 and high of $10. Looking at the price targets, the low is 33.89% off recent price level in today’s trading while to achieve the yearly target high, it has to move -20.19%. Nonetheless, investors will most likely welcome a 15.87% jump to $7 which is the analysts’ median price.
If we refocus on Bumble Inc (NASDAQ:BMBL), historical trading data shows that trading volumes averaged 1.82 over the past 10 days and 2.53 million over the past 3 months. The company’s latest data on shares outstanding shows there are 112.56 million shares.
The 27.44% of Bumble Inc’s shares are in the hands of company insiders while institutional holders own 73.46% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 10.39 million on 2024-11-15, giving us a short ratio of 3.54. The data shows that as of 2024-11-15 short interest in Bumble Inc (BMBL) stood at 1345.0 of shares outstanding, with shares short falling to 16.02 million registered in 2024-10-15. Current price change has pushed the stock -43.55% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the BMBL stock continues to rise going into the next quarter.
