During the last session, Bumble Inc (NASDAQ:BMBL)’s traded shares were 2.84 million, with the beta value of the company hitting 1.67. At the end of the trading day, the stock’s price was $10.53, reflecting an intraday loss of -2.59% or -$0.28. The 52-week high for the BMBL share is $21.06, that puts it down -100.0 from that peak though still a striking 1.61% gain since the share price plummeted to a 52-week low of $10.36. The company’s market capitalization is $1.36B, and the average intraday trading volume over the past 10 days was 2.7 million shares, and the average trade volume was 2.96 million shares over the past three months.
Bumble Inc (NASDAQ:BMBL) trade information
Bumble Inc (BMBL) registered a -2.59% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -2.59% in intraday trading to $10.53, hitting a weekly high. The stock’s 5-day price performance is -7.22%, and it has moved by -1.40% in 30 days. Based on these gigs, the overall price performance for the year is -43.99%. The short interest in Bumble Inc (NASDAQ:BMBL) is 11.22 million shares and it means that shorts have 2.76 day(s) to cover.
Bumble Inc (BMBL) estimates and forecasts
Statistics show that Bumble Inc has outperformed its competitors in share price, compared to the industry in which it operates. Bumble Inc (BMBL) shares have gone down -25.32% during the last six months, with a year-to-date growth rate more than the industry average at 2,300.00% against 20.00. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 900.00% this quarter and then jump 140.00% in the quarter after that. In the rating firms’ projections, revenue will increase 9.50% compared to the previous financial year.
Revenue for the current quarter is expected to be $265.63 million as predicted by 20 analyst(s). Meanwhile, a consensus of 20 analyst(s) estimates revenue growth to $279.29 million by the end of Jun 2024. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $242.95 million and $259.74 million respectively. In this case, analysts expect current quarter sales to grow by 9.30% and then jump by 7.50% in the coming quarter.
While earnings are projected to return 2201.25% in 2024.
BMBL Dividends
Bumble Inc is due to release its next quarterly earnings between May 02 and May 06. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Bumble Inc (NASDAQ:BMBL)’s Major holders
Bumble Inc insiders own 1.25% of total outstanding shares while institutional holders control 100.03%, with the float percentage being 101.30%. Blackstone Inc is the largest shareholder of the company, while 313 institutions own stock in it. As of Jun 29, 2023, the company held over 36.64 million shares (or 26.84% of all shares), a total value of $614.78 million in shares.
The next largest institutional holding, with 10.03 million shares, is of Blackrock Inc.’s that is approximately 7.35% of outstanding shares. At the market price on Jun 29, 2023, these shares were valued at $168.31 million.
Also, the Mutual Funds coming in first place with the largest holdings of Bumble Inc (BMBL) shares are Vanguard Explorer Fund, Inc. and Vanguard Total Stock Market Index Fund. Data provided on Jul 30, 2023 indicates that Vanguard Explorer Fund, Inc. owns about 3.93 million shares. This amounts to just over 2.88 percent of the company’s overall shares, with a $72.75 million market value. The same data shows that the other fund manager holds slightly less at 3.02 million, or about 2.21% of the stock, which is worth about $50.68 million.
