Bumble (BMBL, $73.81) beats fiscal Q4 revenue expectation
Bumble, Inc., which became public in February, posted its fiscal fourth quarter revenue that beat analysts’ expectations. The online dating & networking company also provided an optimistic revenue guidance for the full year.
The company’s revenue of $165.6 million came in higher than the $163.3 million expected by analysts polled by FactSet.
Bumble incurred a net loss of -$26.1 million, compared to a loss of -$17 anticipated by analysts.
“Our significant increase in revenue and paying users is a direct result of our team’s dedication and remarkable agility during a challenging pandemic,” said Whitney Wolfe Herd, CEO of Bumble, in a statement. “Our IPO was a pivotal milestone, but we are just getting started.”
For the first-quarter, Bumble expects a revenue range of $163 to $165 million and adjusted EBITDA range of $41 to $42 million.
Looking further ahead, it projects full year revenue in the range of $716 to $726 million. This is higher than analysts’ revenue expectation of $579.9 million, according to FactSet data.
The company is expecting adjusted EBITDA in the range of $173 to $178 million for the year.
Momentum Indicator for BMBL turns negative, indicating new downward trend
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 .
Technical Analysis (Indicators)
Bearish Trend Analysis
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.
Bullish Trend Analysis
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.
Fundamental Analysis (Ratings)
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.
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BMBL and
Correlation & Price change
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.
| Ticker / NAME | Correlation To BMBL | 1D Price Change % | ||
|---|---|---|---|---|
| BMBL | 100% | -4.87% | ||
| COIN - BMBL | 63% Loosely correlated | +7.47% | ||
| SQ - BMBL | 62% Loosely correlated | -0.27% | ||
| PCOR - BMBL | 62% Loosely correlated | +0.46% | ||
| PCTY - BMBL | 61% Loosely correlated | -0.28% | ||
| AFRM - BMBL | 60% Loosely correlated | +4.69% | ||
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