Bumble Inc. (BMBL) is priced at $52.57 after the most recent trading session. At the very opening of the session, the stock price was $50.33 and reached a high price of $52.71, prior to closing the session it reached the value of $51.92. The stock touched a low price of $50.00.Recently in News on September 9, 2021, Bumble Inc. Announces Pricing of Secondary Offering of Shares of Class A Common Stock. Bumble Inc. (Nasdaq: BMBL) (“Bumble”) announced today the pricing of a previously announced secondary offering of 18,000,000 shares of Bumble’s Class A common stock by certain selling stockholders affiliated with Blackstone Inc. (the “Selling Stockholders”) at a price to the public of $54.00 per share. The Selling Stockholders have also granted the underwriters a 30-day option to purchase up to an additional 2,700,000 shares of Bumble’s Class A common stock. The offering is expected to close on September 15, 2021, subject to customary closing conditions. You can read further details here
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Bumble Inc. shares are logging -38.01% during the 52-week period from high price, and 35.11% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $38.91 and $84.80.
The company’s shares, operating in the sector of Technology managed to top a trading volume set approximately around 683162 for the day, which was evidently lower, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the Bumble Inc. (BMBL) recorded performance in the market was -26.16%, having the revenues showcasing 4.78% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 10.35B, as it employees total of 700 workers.
Analysts verdict on Bumble Inc. (BMBL)
During the last month, 0 analysts gave the Bumble Inc. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 51.30, with a change in the price was noted +14.39. In a similar fashion, Bumble Inc. posted a movement of +36.38% for the period of last 100 days, recording 1,901,497 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for BMBL is recording 0.42 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.42.
Bumble Inc. (BMBL): Technical Analysis
Raw Stochastic average of Bumble Inc. in the period of last 50 days is set at 57.76%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 68.92%. In the last 20 days, the company’s Stochastic %K was 47.52% and its Stochastic %D was recorded 31.19%.
Let’s take a glance in the erstwhile performances of Bumble Inc., multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be encouraging, given the fact the metric is recording -26.16%. The shares increased approximately by 6.28% in the 7-day charts and went up by -0.75% in the period of the last 30 days. Common stock shares were driven by 4.78% during last recorded quarter.