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Friday, December 2, 2022

What Are The Chances Of Bumble Inc. (NASDAQ: BMBL) Becoming A Clear Buy?

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Bumble Inc. (BMBL) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by +$1.44, or +6.43%, to $23.85. Volume reached 40,433 shares, with price reaching a high of $24.21 and a low of $24.21. The stock was recently discussed on Yahoo Finance as it revealed that Bumble Inc. to Participate in Goldman Sachs Communacopia + Technology Conference.


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Stocks Info

As a NASDAQ listed company, BMBL falls under the Technology sector while operating within the Software – Application industry segment. At the end of the last regular session, the stock closed at $24.21 and fluctuated between $24.75 as its day high and $23.30 as its day low. The current market capitalization of Bumble Inc. is $5.00B. A total of 2.43 million shares were traded on the day, compared to an average of 2.13M shares.

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, BMBL has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 4 BUYs and 0 SELLs from insiders. Insiders purchased 196,204 shares during that period but sold 0.

In the most recent transaction, Griffin Amy bought 35,200 shares of BMBL for 28.37 per share on Mar 17. After the transaction, the Director now owns 152,700 company shares.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for BMBL in the last 3 months, the mean price target is $32.89 with high estimates of $38.00 and low estimates of $20.00. In terms of 52-week highs and lows, BMBL has a high of $60.50 and a low of $15.41.

As of this writing, BMBL has an earnings estimate of $-0.01 per share for the current quarter. EPS was calculated based on a consensus of 5 estimates, with a high estimate of $0.03 per share and a lower estimate of $-0.05.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. BMBL’s latest balance sheet shows that the firm has $369.18M in Cash & Short Term Investments as of fiscal 2021. There were $648.55M in debt and $173.16M in liabilities at the time. Its Book Value Per Share was $12.80, while its Total Shareholder’s Equity was $2.47B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 15 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for BMBL is Underweight with a score of 4.23. A total of 7 analysts rated the stock as Buy while 1 rated it as Overweight while 7 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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