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After finishing at $0.39 in the prior trading day, BuzzFeed Inc (NASDAQ: BZFD) closed at $0.39, up 0.42%. In other words, the price has increased by $0.42 from its previous closing price. On the day, 0.55 million shares were traded. BZFD stock price reached its highest trading level at $0.41 during the session, while it also had its lowest trading level at $0.38.
Ratios:
Our goal is to gain a better understanding of BZFD by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.58 and its Current Ratio is at 0.58. In the meantime, Its Debt-to-Equity ratio is 2.01 whereas as Long-Term Debt/Eq ratio is at 0.66.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Cowen on November 22, 2022, Downgraded its rating to Market Perform and sets its target price to $2 from $3 previously.
On August 11, 2022, BofA Securities Downgraded its rating to Underperform which previously was Neutral and also lowered its target price recommendation from $4.50 to $2.
On February 04, 2022, BofA Securities started tracking the stock assigning a Neutral rating and target price of $5.BofA Securities initiated its Neutral rating on February 04, 2022, with a $5 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jan 29 ’24 when Johnson John S. III sold 50,000 shares for $0.19 per share. The transaction valued at 9,440 led to the insider holds 4,780,779 shares of the business.
Johnson John S. III sold 25,000 shares of BZFD for $5,400 on Jan 19 ’24. The Member of 10% Group now owns 4,830,779 shares after completing the transaction at $0.22 per share. On Jan 18 ’24, another insider, Johnson John S. III, who serves as the Member of 10% Group of the company, sold 50,000 shares for $0.23 each. As a result, the insider received 11,530 and left with 4,855,779 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, BZFD now has a Market Capitalization of 58881652 and an Enterprise Value of 241387584. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.19 while its Price-to-Book (P/B) ratio in mrq is 0.52. Its current Enterprise Value per Revenue stands at 0.955 whereas that against EBITDA is -11.342.
Stock Price History:
The Beta on a monthly basis for BZFD is 3.12, which has changed by -0.28990823 over the last 52 weeks, in comparison to a change of 0.22363698 over the same period for the S&P500. Over the past 52 weeks, BZFD has reached a high of $0.83, while it has fallen to a 52-week low of $0.16. The 50-Day Moving Average of the stock is 4.95%, while the 200-Day Moving Average is calculated to be 7.68%.
Shares Statistics:
The stock has traded on average 4.91M shares per day over the past 3-months and 715220 shares per day over the last 10 days, according to various share statistics. A total of 140.14M shares are outstanding, with a floating share count of 60.82M. Insiders hold about 58.28% of the company’s shares, while institutions hold 9.47% stake in the company. Shares short for BZFD as of 1713139200 were 3585065 with a Short Ratio of 0.73, compared to 1710460800 on 4469843. Therefore, it implies a Short% of Shares Outstanding of 3585065 and a Short% of Float of 4.4699997.
Earnings Estimates
On average, analysts expect EPS of $0 for the current quarter, with a high estimate of $0 and a low estimate of $0, while EPS last year was -$0.75. The consensus estimate for the next quarter is $0, with high estimates of $0 and low estimates of $0.
Analysts are recommending an EPS of between $0 and $0 for the fiscal current year, implying an average EPS of $0.
Revenue Estimates
1 analysts predict $75.66M in revenue for the current quarter. It ranges from a high estimate of $104.6M to a low estimate of $104.6M. As of the current estimate, BuzzFeed Inc’s year-ago sales were $134.62MFor the next quarter, 1 analysts are estimating revenue of $73.02M. There is a high estimate of $73.02M for the next quarter, whereas the lowest estimate is $73.02M.
A total of 1 analysts have provided revenue estimates for BZFD’s current fiscal year. The highest revenue estimate was $323M, while the lowest revenue estimate was $323M, resulting in an average revenue estimate of $252.68M. In the same quarter a year ago, actual revenue was $436.67MBased on 1 analysts’ estimates, the company’s revenue will be $336.8M in the next fiscal year. The high estimate is $336.8M and the low estimate is $336.8M.
