Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
The closing price of Bumble Inc (NASDAQ: BMBL) was $10.44 for the day, up 2.45% from the previous closing price of $10.19. In other words, the price has increased by $2.45 from its previous closing price. On the day, 2.81 million shares were traded. BMBL stock price reached its highest trading level at $10.5 during the session, while it also had its lowest trading level at $10.095.
Ratios:
Our analysis of BMBL’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 3.80 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 8.08. For the most recent quarter (mrq), Quick Ratio is recorded 2.01 and its Current Ratio is at 2.01. In the meantime, Its Debt-to-Equity ratio is 0.39 whereas as Long-Term Debt/Eq ratio is at 0.38.
BTIG Research reiterated its Buy rating for the stock on February 28, 2024, while the target price for the stock was revised from $20 to $15.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Mar 03 ’24 when BTOA – NQ L.L.C. sold 2,509,316 shares for $11.10 per share. The transaction valued at 27,845,378 led to the insider holds 12,802 shares of the business.
BCP Buzz Holdings L.P. sold 2,509,316 shares of BMBL for $27,845,378 on Mar 03 ’24. The 10% Owner now owns 12,802 shares after completing the transaction at $11.10 per share. On Mar 03 ’24, another insider, BX Buzz ML-1 GP LLC, who serves as the 10% Owner of the company, sold 2,509,316 shares for $11.10 each. As a result, the insider received 27,845,378 and left with 12,802 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, BMBL now has a Market Capitalization of 1820318336 and an Enterprise Value of 2324868864. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.28 while its Price-to-Book (P/B) ratio in mrq is 0.83. Its current Enterprise Value per Revenue stands at 2.21 whereas that against EBITDA is 26.53.
Stock Price History:
Over the past 52 weeks, BMBL has reached a high of $21.06, while it has fallen to a 52-week low of $9.94. The 50-Day Moving Average of the stock is -8.12%, while the 200-Day Moving Average is calculated to be -26.74%.
Shares Statistics:
BMBL traded an average of 3.03M shares per day over the past three months and 2461360 shares per day over the past ten days. A total of 130.69M shares are outstanding, with a floating share count of 92.17M. Insiders hold about 28.78% of the company’s shares, while institutions hold 72.24% stake in the company. Shares short for BMBL as of 1711584000 were 11889721 with a Short Ratio of 3.92, compared to 1709164800 on 10898454. Therefore, it implies a Short% of Shares Outstanding of 11889721 and a Short% of Float of 21.72.
