Bumble Inc [NASDAQ: BMBL] stock went on a downward path that fall over -3.48% on Tuesday, amounting to a one-week price increase of more than 1.37%.
Over the last 12 months, BMBL stock dropped by -58.54%. The one-year Bumble Inc stock forecast points to a potential upside of 6.73. The average equity rating for BMBL stock is currently 2.50, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $841.49 million, with 130.69 million shares outstanding and 91.71 million shares in the current float. Compared to the average trading volume of 3.67M shares, BMBL stock reached a trading volume of 3364348 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Bumble Inc [BMBL]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BMBL shares is $7.13 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BMBL stock is a recommendation set at 2.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
TD Cowen have made an estimate for Bumble Inc shares, keeping their opinion on the stock as Hold, with their previous recommendation back on August 16, 2024. While these analysts kept the previous recommendation, Susquehanna raised their target price from $14 to $6. The new note on the price target was released on August 09, 2024, representing the official price target for Bumble Inc stock. On August 08, 2024, analysts decreased their price target for BMBL shares from 13 to 6.50.
The Average True Range (ATR) for Bumble Inc is set at 0.47, with the Price to Sales ratio for BMBL stock in the period of the last 12 months amounting to 0.78. The Price to Book ratio for the last quarter was 0.51, with the Price to Cash per share for the same quarter was set at 2.27. Price to Free Cash Flow for BMBL in the course of the last twelve months was 5.57 with Quick ratio for the last quarter at 2.38.
BMBL Stock Performance Analysis:
Bumble Inc [BMBL] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.37. With this latest performance, BMBL shares dropped by -27.24% in over the last four-week period, additionally sinking by -49.54% over the last 6 months – not to mention a drop of -58.54% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for BMBL stock in for the last two-week period is set at 40.27, with the RSI for the last a single of trading hit 44.69, and the three-weeks RSI is set at 38.48 for Bumble Inc [BMBL]. The present Moving Average for the last 50 days of trading for this stock 8.52, while it was recorded at 6.64 for the last single week of trading, and 11.53 for the last 200 days.
Insight into Bumble Inc Fundamentals:
Bumble Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.38 and a Current Ratio set at 2.38.
BMBL Stock EPS
With the latest financial reports released by the company, Bumble Inc posted 0.12/share EPS, while the average EPS was predicted by analysts to be reported at 0.07/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.05. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for BMBL.
Bumble Inc [BMBL] Institutonal Ownership Details
There are presently around $96.52%, or 98.29%% of BMBL stock, in the hands of institutional investors. The top three institutional holders of BMBL stocks are: BLACKSTONE INC. with ownership of 30.12 million shares, which is approximately 23.3942%. BLACKROCK INC., holding 11.05 million shares of the stock with an approximate value of $$116.16 million in BMBL stocks shares; and BLACKROCK INC., currently with $$103.6 million in BMBL stock with ownership which is approximately 7.6572%.
