Bumble Inc (NASDAQ: BMBL) is -26.53% lower on its value in year-to-date trading and has touched a low of $10.52 and a high of $21.06 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The BMBL stock was last observed hovering at around $11.19 in the last trading session, with the day’s loss setting it -0.36%.
Currently trading at $10.83, the stock is -12.05% and -18.70% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.67 million and changing -3.22% at the moment leaves the stock -28.66% off its SMA200. BMBL registered -44.52% loss for a year compared to 6-month loss of -31.15%. The firm has a 50-day simple moving average (SMA 50) of $1.60 and a 200-day simple moving average (SMA200) of $13.85.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The stock witnessed a -18.45% gain in the last 1 month and extending the period to 3 months gives it a -22.86%, and is -1.37% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.99% over the week and 4.31% over the month.
Bumble Inc (BMBL) has around 980 employees, a market worth around $1.40B and $1.05B in sales. Fwd P/E is 11.81. Profit margin for the company is -0.40%. Distance from 52-week low is 2.95% and -48.56% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.19%).
Bumble Inc quarterly earnings per share for the current quarter are estimated at $0.08 with sales reaching $265.47M over the same period.The EPS is expected to grow by 2150.06% this year, but quarterly earnings will post 9.40% year-over-year. Quarterly sales are estimated to grow 9.30% in year-over-year returns.
Bumble Inc (BMBL) Top Institutional Holders
314 institutions hold shares in Bumble Inc (BMBL), with institutional investors hold 101.30% of the company’s shares. The shares outstanding are 130.69M, and float is at 94.17M with Short Float at 11.57%. Institutions hold 100.03% of the Float.
The top institutional shareholder in the company is Blackstone Inc with over 36.64 million shares valued at $614.78 million. The investor’s holdings represent 26.84% of the BMBL Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 10.03 million shares valued at $168.31 million to account for 7.35% of the shares outstanding. The other top investors are Vanguard Group Inc which holds 9.42 million shares representing 6.90% and valued at over $158.0 million, while Wellington Management Group, LLP holds 5.83% of the shares totaling 7.96 million with a market value of $133.51 million.
Bumble Inc (BMBL) Insider Activity
The most recent transaction is an insider sale by BTOA – NQ L.L.C.,the company’s10% Owner. SEC filings show that BTOA – NQ L.L.C. sold 2,509,316 shares of the company’s common stock on Mar 03 ’24 at a price of $11.10 per share for a total of $27.85 million. Following the sale, the insider now owns 12802.0 shares.
Bumble Inc disclosed in a document filed with the SEC on Mar 03 ’24 that BCP Buzz Holdings L.P. (10% Owner) sold a total of 2,509,316 shares of the company’s common stock. The trade occurred on Mar 03 ’24 and was made at $11.10 per share for $27.85 million. Following the transaction, the insider now directly holds 12802.0 shares of the BMBL stock.
Still, SEC filings show that on Mar 03 ’24, BX Buzz ML-1 GP LLC (10% Owner) disposed off 2,509,316 shares at an average price of $11.10 for $27.85 million. The insider now directly holds 12,802 shares of Bumble Inc (BMBL).
