BuzzFeed Inc (NASDAQ:BZFD) shares, rose in value, with the stock price down by -3.83% to the previous day’s close as strong demand from buyers drove the stock to $0.39.
Actively observing the price movement in the last trading, the stock closed the session at $0.41. The value of beta (5-year monthly) was 3.04. Referring to stock’s 52-week performance, its high was $1.06, and the low was $0.16. On the whole, BZFD has fluctuated by 19.33% over the past month.
With the market capitalization of BuzzFeed Inc currently standing at about $57.36 million, investors are eagerly awaiting this quarter’s results, scheduled for May 07, 2024 – May 13, 2024.
Analysts have estimated the company’s revenue for the quarter at $75.66 million, with a low estimate of $104.6 million and a high estimate of $104.6 million. According to the average forecast, sales growth in current quarter could jump down -43.80%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2024, the company’s y-o-y revenues would reach $252.68 million, representing a decrease of -42.10% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that BZFD’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium term indicators have put the stock in the category of Hold while long term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of BZFD currently trading nearly -2.17% and 28.69% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 52.47, while the 7-day volatility ratio is showing 11.90% which for the 30-day chart, stands at 12.12%. Furthermore, BuzzFeed Inc (BZFD)’s beta value is 3.12, and its average true range (ATR) is 0.05.
A comparison of BuzzFeed Inc (BZFD) with its peers suggests the former has fared considerably weaker in the market. BZFD showed an intraday change of -3.83% in last session, and over the past year, it shrunk by -61.00%%.
Data on historical trading for BuzzFeed Inc (NASDAQ:BZFD) indicates that the trading volumes over the past 10 days have averaged 2.5 million and over the past 3 months, they’ve averaged 4.94 million. According to company’s latest data on outstanding shares, there are 140.14 million shares outstanding.
Nearly 59.04% of BuzzFeed Inc’s shares belong to company insiders and institutional investors own 9.48% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 4.47 million shares as on Mar 15, 2024, resulting in a short ratio of 0.37. According to the data, the short interest in BuzzFeed Inc (BZFD) stood at 2.94% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 1.92 million. The stock has risen by 57.56% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the BZFD stock heading into the next quarter.
