Bumble shares climbed during after-hours trading Wednesday, after the online dating company reported revenue that exceeded expectations for the second quarter.
Revenue increased +38% from the year-ago quarter to $186.217 million compared to FactSet analyst consensus of $178.7 million.
Revenue from Bumble App revenue rose +55% year-over-year to $127.3 million. Total Paying Users increased +20% to 2.9 million. Total average revenue per paying user rose to $20.88, compared to $18.12.
The company incurred a loss of -6 cents a share in the second quarter, compared with break-even per share a year ago. Analysts expected a break-even per share figure for the latest quarter.
For full year 2021, Bumble is expecting revenue in the range of $752 million to $762 million, higher than consensus forecast of $736.46 million. The company has projected adjusted EBITDA in the range of $195 million to $200 million.
BMBL saw its Momentum Indicator move below the 0 level on May 30, 2023. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 39 similar instances where the indicator turned negative. In of the 39 cases, the stock moved further down in the following days. The odds of a decline are at .
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 22 cases where BMBL's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where BMBL declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for BMBL entered a downward trend on May 05, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
The Moving Average Convergence Divergence (MACD) for BMBL just turned positive on May 17, 2023. Looking at past instances where BMBL's MACD turned positive, the stock continued to rise in of 22 cases over the following month. The odds of a continued upward trend are .
Following a +1 3-day Advance, the price is estimated to grow further. Considering data from situations where BMBL advanced for three days, in of 103 cases, the price rose further within the following month. The odds of a continued upward trend are .
BMBL may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.300) is normal, around the industry mean (31.306). P/E Ratio (126.582) is within average values for comparable stocks, (168.128). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (4.122). Dividend Yield (0.000) settles around the average of (0.040) among similar stocks. P/S Ratio (2.264) is also within normal values, averaging (70.523).
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. BMBL’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. BMBL’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 89, placing this stock worse than average.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
|MFs / NAME||Price $||Chg $||Chg %|
|Hartford MidCap Value R5|
|Nuance Mid Cap Value Investor|
|Integrity Dividend Harvest A|
|American Funds New Perspective F3|
|BlackRock Advantage Emerging Mkts Instl|
A.I.dvisor indicates that over the last year, BMBL has been loosely correlated with COIN. These tickers have moved in lockstep 63% of the time. This A.I.-generated data suggests there is some statistical probability that if BMBL jumps, then COIN could also see price increases.
|COIN - BMBL|
|SQ - BMBL|
|PCOR - BMBL|
|PCTY - BMBL|
|AFRM - BMBL|