Bumble Inc (NASDAQ:BMBL) traded at $10.10 at close of the session on Tuesday, April 30, made a downward move of -2.51% on its previous day’s price.
Looking at the stock we see that its previous close was $10.36 . In terms of its 52-week price range, BMBL has a high of $21.06 and a low of $9.94. The company’s stock has lost about -10.70% over that past 30 days.
Bumble Inc has a market cap of $1.31 billion. Estimates by analysts give the company expected earnings per share (EPS) of $0.07, with the EPS growth for the year raised at $0.64 for 2024 and $0.93 for next year. These figures represent 2,233.30% and 45.30% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $265.46 million, with a low of $263.5 million and a high of $267 million. The median projection represents growth squeezing down to 9.30% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $1.15 billion, or 9.30% up from figures reported last year.
On the other hand, looking at the outlook for the BMBL stock, short term indicators assign the stock an average of 100% Sell, while medium term indicators assign it an average of 100% Sell. Long term indicators on average place the stock in the category of 100% Sell.
Looking further, we note the current price level is -4.13% off its SMA20 and -9.14% from its 50-day simple moving average. The RSI (14) is pointing at 38.26 while the volatility over the past week is 3.89% and jumps to 3.59% over the past one month. The beta value is 1.68, while the average true range (ATR) is currently pointing at 0.40.
Coming back to Bumble Inc (NASDAQ:BMBL), we note that the average 3-month trading volume was 3.04 million. Current shares outstanding are 130.69 million.
The insiders hold 28.53% of the company’s shares while institutions hold 72.14%. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -31.48% down in year-to-date price movement.
