On Monday, Bumble Inc (NASDAQ: BMBL) opened higher 1.67% from the last session, before settling in for the closing price of $10.18. Price fluctuations for BMBL have ranged from $9.94 to $21.06 over the past 52 weeks.
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A company in the Technology sector has jumped its sales by 21.23% annually for the last half of the decade. Company’s average yearly earnings per share was noted 2186.58% at the time writing. With a float of $92.17 million, this company’s outstanding shares have now reached $130.69 million.
In an organization with 980 employees, it is important to assess its efficiency.
Bumble Inc (BMBL) Insider and Institutional Ownership
A key investor’s attitude towards the stock of the Software – Application industry is another important factor to consider. The insider ownership of Bumble Inc is 28.78%, while institutional ownership is 72.05%. The most recent insider transaction that took place on Mar 03 ’24, was worth 27,845,378. In this transaction 10% Owner of this company sold 2,509,316 shares at a rate of $11.10, taking the stock ownership to the 12,802 shares. Before that another transaction happened on Mar 03 ’24, when Company’s 10% Owner sold 2,509,316 for $11.10, making the entire transaction worth $27,845,378. This insider now owns 12,802 shares in total.
Bumble Inc (BMBL) Latest Financial update
If we go through the results of last quarter, which was made public on 12/31/2023, the company posted -0.01 earnings per share (EPS) for the quarter, coming under the agreed prediction (set at 0) by -0.01. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.11 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 2186.58% per share during the next fiscal year.
Bumble Inc (NASDAQ: BMBL) Trading Performance Indicators
Check out the current performance indicators for Bumble Inc (BMBL). In the past quarter, the stock posted a quick ratio of 2.01. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.27. Likewise, its price to free cash flow for the trailing twelve months is 8.01.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.09, a number that is poised to hit 0.07 in the next quarter and is forecasted to reach 0.94 in one year’s time.
Technical Analysis of Bumble Inc (BMBL)
Let’s dig in a bit further. During the last 5-days, its volume was 2.42 million. That was inferior than the volume of 2.9 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 27.90%. Additionally, its Average True Range was 0.39.
During the past 100 days, Bumble Inc’s (BMBL) raw stochastic average was set at 6.88%, which indicates a significant decrease from 31.78% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 33.97% in the past 14 days, which was lower than the 44.88% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $11.42, while its 200-day Moving Average is $14.28. However, in the short run, Bumble Inc’s stock first resistance to watch stands at $10.60. Second resistance stands at $10.85. The third major resistance level sits at $11.06. If the price goes on to break the first support level at $10.14, it is likely to go to the next support level at $9.93. The third support level lies at $9.68 if the price breaches the second support level.
Bumble Inc (NASDAQ: BMBL) Key Stats
There are currently 129,423K shares outstanding in the company with a market cap of 1.34 billion. Presently, the company’s annual sales total 1,052 M according to its annual income of -4,210 K. Last quarter, the company’s sales amounted to 273,640 K and its income totaled -26,030 K.
