During the last session, Bumble Inc (NASDAQ:BMBL)’s traded shares were 2.59 million, with the beta value of the company hitting 1.70. At the end of the trading day, the stock’s price was $6.71, reflecting an intraday gain of 1.82% or $0.12. The 52-week high for the BMBL share is $17.31, that puts it down -157.97 from that peak though still a striking 28.46% gain since the share price plummeted to a 52-week low of $4.80. The company’s market capitalization is $849.08M, and the average intraday trading volume over the past 10 days was 3.69 million shares, and the average trade volume was 3.71 million shares over the past three months.
Bumble Inc (BMBL) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.50. BMBL has a Sell rating from 0 analyst(s) out of 12 analysts who have looked at this stock. 4 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 8 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.19.
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Bumble Inc (NASDAQ:BMBL) trade information
Bumble Inc (BMBL) registered a 1.82% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 1.82% in intraday trading to $6.71, hitting a weekly high. The stock’s 5-day price performance is 0.60%, and it has moved by -24.27% in 30 days. Based on these gigs, the overall price performance for the year is -58.88%. The short interest in Bumble Inc (NASDAQ:BMBL) is 17.5 million shares and it means that shorts have 3.36 day(s) to cover.
The consensus price target of analysts on Wall Street is $10.5, which implies an increase of 36.1% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $5.5 and $45 respectively. As a result, BMBL is trading at a discount of -570.64% off the target high and 18.03% off the low.
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 -41.35% during the last six months, with a year-to-date growth rate more than the industry average at 2,766.67% against 17.00. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 58.30% this quarter and then jump 184.20% in the quarter after that. In the rating firms’ projections, revenue will increase 1.60% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 271.8M as predicted by 19 analyst(s). Meanwhile, a consensus of 19 analyst(s) estimates revenue growth to 260.39M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 276.97M and 273.64M respectively. In this case, analysts expect current quarter sales to shrink by -1.90% and then drop by -4.80% in the coming quarter.
While earnings are projected to return 2651.39% in 2024.
BMBL Dividends
Bumble Inc is due to release its next quarterly earnings on 2024-Nov-05. 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 1.80% of total outstanding shares while institutional holders control 96.53%, with the float percentage being 98.30%. BLACKSTONE INC. is the largest shareholder of the company, while 300.0 institutions own stock in it. As of 2024-06-30, the company held over 30.12 million shares (or 23.3942% of all shares), a total value of $316.52 million in shares.
The next largest institutional holding, with 11.05 million shares, is of BLACKROCK INC.’s that is approximately 8.5852% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $116.16 million.
