A new trading day began on November 20, 2023, with Bumble Inc (NASDAQ: BMBL) stock priced at $14.65, down -1.16% from the previous day of trading. During the day, the shares moved up to $14.84 and dropped to $14.40 before settling in for the closing price of $14.71. BMBL’s price has ranged from $12.29 to $27.92 over the past 52 weeks.
Annual sales at Technology sector company grew by 22.84% over the past five years. Meanwhile, its annual earnings per share averaged 143.28%. With a float of $97.01 million, this company’s outstanding shares have now reached $129.77 million.
Let’s look at the performance matrix of the company that is accounted for 950 employees. In terms of profitability, gross margin is +62.46, operating margin of +0.90, and the pretax margin is -12.25.
Bumble Inc (BMBL) Insider and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Software – Application Industry. The insider ownership of Bumble Inc is 28.94%, while institutional ownership is 69.60%. The most recent insider transaction that took place on May 10, was worth 207,654. In this transaction Director of this company sold 12,096 shares at a rate of $17.17, taking the stock ownership to the 0 shares. Before that another transaction happened on Mar 08, when Company’s 10% Owner sold 11,750,000 for $22.17, making the entire transaction worth $260,532,750. This insider now owns 0 shares in total.
Bumble Inc (BMBL) Latest Financial update
In its latest quarterly report, released on 9/29/2023, the company reported earnings of $0.12 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). This company achieved a net margin of -8.83 while generating a return on equity of -4.92. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.1 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 143.28% per share during the next fiscal year.
Bumble Inc (NASDAQ: BMBL) Trading Performance Indicators
Here are Bumble Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 2.97. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.95. Likewise, its price to free cash flow for the trailing twelve months is 13.05.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.74, a number that is poised to hit 0.12 in the next quarter and is forecasted to reach 0.50 in one year’s time.
Technical Analysis of Bumble Inc (BMBL)
Bumble Inc (NASDAQ: BMBL) saw its 5-day average volume 2.71 million, a positive change from its year-to-date volume of 2.41 million. As of the previous 9 days, the stock’s Stochastic %D was 74.25%. Additionally, its Average True Range was 0.78.
During the past 100 days, Bumble Inc’s (BMBL) raw stochastic average was set at 25.67%, which indicates a significant decrease from 73.77% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 54.05% in the past 14 days, which was higher than the 46.23% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $14.23, while its 200-day Moving Average is $17.47. Nevertheless, the first resistance level for the watch stands at $14.79 in the near term. At $15.03, the stock is likely to face the second major resistance level. The third major resistance level sits at $15.23. If the price goes on to break the first support level at $14.35, it is likely to go to the next support level at $14.15. The third support level lies at $13.91 if the price breaches the second support level.
Bumble Inc (NASDAQ: BMBL) Key Stats
With a market capitalization of 1.99 billion, the company has a total of 136,751K Shares Outstanding. Currently, annual sales are 903,500 K while annual income is -79,750 K. The company’s previous quarter sales were 275,510 K while its latest quarter income was 16,670 K.