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BuzzFeed (BZFD, $5.01) is cutting its workforce of news division
BuzzFeed is shrinking its workforce and shifting the focus of its news division as the digital media company, in a bid to boost its profitability.
The company is offering voluntary buyouts in its 100-person newsroom and some top editors are leaving. They include Mark Schoofs, the editor in chief of BuzzFeed News, Ariel Kaminer, the executive editor for investigations, and deputy editor in chief Tom Namako, who announced a move to NBC News Digital on Tuesday.
Buyouts will be offered to news staffers on the investigations, inequality, politics and science teams, as the company plans to focus more on big breaking news and lighter content.
In addition to the newsroom buyouts, BuzzFeed said it is retrenching 1.7% of its staff. According to a January filing with securities regulators, Buzzfeed had 1,524 U.S. and international employees – which means, the cuts would amount to roughly 25 people.
BZFD in -5.38% downward trend, falling for three consecutive days on May 16, 2022
Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where BZFD declined for three days, in 26 of 29 cases, the price declined further within the following month. The odds of a continued downward trend are 90%.
Current price $3.69 is above $1.59 the highest support line found by A.I. Throughout the month of 04/13/22 - 05/16/22, the price experienced a -26% Downtrend. During the week of 05/09/22 - 05/16/22, the stock fell -22%.
The Momentum Indicator moved below the 0 level on May 09, 2022. You may want to consider selling the stock, shorting the stock, or exploring put options on BZFD as a result. In 3 of 5 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 60%.
The RSI Indicator demonstrates that the ticker has stayed in the oversold zone for 2 days, which means it's wise to expect a price bounce in the near future.
Following a +11.57% 3-day Advance, the price is estimated to grow further. Considering data from situations where BZFD advanced for three days, in 17 of 20 cases, the price rose further within the following month. The odds of a continued upward trend are 85%.
BZFD may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Tickeron has a negative outlook on this ticker and predicts a further decline by more than 4.00% within the next month with a likelihood of 90%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.9.
The Tickeron SMR rating for this company is 100 (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 100 (best 1 - 100 worst), indicating that the returns do not compensate for the risks. BZFD’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 93, placing this stock worse than average.
The Tickeron Price Growth Rating for this company is 77 (best 1 - 100 worst), indicating slightly worse than average price growth. BZFD’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Valuation Rating of 71 (best 1 - 100 worst) indicates that the company is slightly overvalued 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 (1.375) is normal, around the industry mean (4.950). P/E Ratio (42.553) is within average values for comparable stocks, (37.715). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (2.471). BZFD has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.043). P/S Ratio (0.265) is also within normal values, averaging (134.101).
The Tickeron PE Growth Rating for this company is 22 (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.
Movies/entertainment industry include companies that produce and distribute motion pictures, and companies that operate general entertainment facilities like amusement parks and bowling centers. Some companies in this industry also have professional sports franchises. Live Nation Entertainment, Inc., Liberty Media Corp. and Viacom Inc. are some of the biggest companies in this space.
The average market capitalization across the Movies/Entertainment Industry is 7.1B. The market cap for tickers in the group ranges from 1.4K to 195.5B. DIS holds the highest valuation in this group at 195.5B. The lowest valued company is GTOR at 1.4K.
The average weekly price growth across all stocks in the Movies/Entertainment Industry was -1.46%. For the same Industry, the average monthly price growth was -11.6%, and the average quarterly price growth was 9.5%. HMTV experienced the highest price growth at 72.94%, while GOAI experienced the biggest fall at -48%.
The average weekly volume growth across all stocks in the Movies/Entertainment Industry was 1.09%. For the same stocks of the Industry, the average monthly volume growth was 20.8% and the average quarterly volume growth was 56.64%
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Stocks in the group have a Positive Outlook today, backed by the RSI Indicator. Tickeron has a positive outlook on this group and predicts a further increase by more than 4.00% within the next month with a likelihood of 29%. During the last month, the daily ratio of advancing to declining volumes was 1 to 2.05.
48 stocks in the group of tickers exhibit a similar positive trend based on the BollingerBands indicator with an average likelihood of 74%.
The most notable companies in this group are Walt Disney Company (The) (NYSE:DIS), Comcast Corp (NASDAQ:CMCSA), Netflix (NASDAQ:NFLX), Paramount Global (NASDAQ:PARA), Roku (NASDAQ:ROKU), AMC Entertainment Holdings (NYSE:AMC), HUYA (NYSE:HUYA), Eros STX Global Corp (NYSE:ESGC).
The average market capitalization across the group is 9.3B. The market cap for tickers in the group ranges from 0 to 195.5B. DIS holds the highest valuation in this group at 195.5B. The lowest valued company is HDUP at 0.
- 4/21/22 5:15 AM: Netflix (NFLX, $226.19) saw a $55.2B market cap decrease this week
The average weekly price growth across all stocks in the group was -0.92%. For the same group, the average monthly price growth was -13.68%, and the average quarterly price growth was 8.62%. HDUP experienced the highest price growth at 24.46%, while CSSE experienced the biggest fall at -38.76%.
- 5/14/22 4:23 AM: Cinemark Holdings (CNK, $16.25) was a top weekly gainer, with a +7.05% jump
- 5/14/22 4:23 AM: Chicken Soup for the Soul Entertainment (CSSE, $5.48) is a top weekly loser for penny stocks, falling -42.86%
- 5/12/22 5:37 AM: Xtreme Fighting Championships (XFCI, $0.58) was a top weekly gainer, with a +80.29% jump. Expect an Uptrend reversal
The average weekly volume growth across all stocks in the group was 13.55%. For the same stocks of the group, the average monthly volume growth was 392.47% and the average quarterly volume growth was 121.2%
- 5/14/22 4:17 AM: The volume for Chicken Soup for the Soul Entertainment stock increased for three consecutive days, resulting in a record-breaking daily growth of 477% of the 65-Day Volume Moving Average
- 5/12/22 5:32 AM: The volume for Hemisphere Media Group stock increased for two consecutive days, resulting in a record-breaking daily growth of 244% of the 65-Day Volume Moving Average
- 5/11/22 7:40 AM: The volume for Hemisphere Media Group stock increased for one day, resulting in a record-breaking daily growth of 268% of the 65-Day Volume Moving Average
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
The most notable companies in this group are Walt Disney Company (The) (NYSE:DIS), Comcast Corp (NASDAQ:CMCSA), Netflix (NASDAQ:NFLX), Paramount Global (NASDAQ:PARA), Roku (NASDAQ:ROKU), AMC Entertainment Holdings (NYSE:AMC), HUYA (NYSE:HUYA), Eros STX Global Corp (NYSE:ESGC).
Movies/entertainment industry include companies that produce and distribute motion pictures, and companies that operate general entertainment facilities like amusement parks and bowling centers. Some companies in this industry also have professional sports franchises. Live Nation Entertainment, Inc., Liberty Media Corp. and Viacom Inc. are some of the biggest companies in this space.
The average market capitalization across the Movies/Entertainment Industry is 7.1B. The market cap for tickers in the group ranges from 1.4K to 195.5B. DIS holds the highest valuation in this group at 195.5B. The lowest valued company is GTOR at 1.4K.
- 4/21/22 5:15 AM: Netflix (NFLX, $226.19) saw a $55.2B market cap decrease this week
The average weekly price growth across all stocks in the Movies/Entertainment Industry was -1.51%. For the same Industry, the average monthly price growth was -11.65%, and the average quarterly price growth was 9.47%. HDUP experienced the highest price growth at 24.46%, while GOAI experienced the biggest fall at -48%.
- 5/14/22 4:23 AM: Cinemark Holdings (CNK, $16.25) was a top weekly gainer, with a +7.05% jump
- 5/14/22 4:23 AM: Chicken Soup for the Soul Entertainment (CSSE, $5.48) is a top weekly loser for penny stocks, falling -42.86%
- 5/12/22 5:37 AM: Xtreme Fighting Championships (XFCI, $0.58) was a top weekly gainer, with a +80.29% jump. Expect an Uptrend reversal
The average weekly volume growth across all stocks in the Movies/Entertainment Industry was -52.1%. For the same stocks of the Industry, the average monthly volume growth was -30.96% and the average quarterly volume growth was -70.7%
- 5/14/22 4:17 AM: The volume for Chicken Soup for the Soul Entertainment stock increased for three consecutive days, resulting in a record-breaking daily growth of 477% of the 65-Day Volume Moving Average
- 5/12/22 5:32 AM: The volume for Hemisphere Media Group stock increased for two consecutive days, resulting in a record-breaking daily growth of 244% of the 65-Day Volume Moving Average
- 5/11/22 7:40 AM: The volume for Hemisphere Media Group stock increased for one day, resulting in a record-breaking daily growth of 268% of the 65-Day Volume Moving Average
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
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