Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Bumble Inc before investing.

In this article, we go over a few key elements for understanding Bumble Inc’s stock price such as:

• Bumble Inc’s current stock price and volume
• Why Bumble Inc’s stock price changed recently
• Upgrades and downgrades for BMBL from analysts
• BMBL’s stock price momentum as measured by its relative strength

About Bumble Inc (BMBL)

Before we jump into Bumble Inc’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

Bumble Inc. is providing online dating and social networking applications through subscription and in-app purchases of products servicing North America, Europe and various other countries around the world. The Company provides these services through websites and applications that it owns and operates. It operates five apps: Bumble app, Bumble For Friends app, Badoo app, Fruitz app and Official app. On Bumble app, users can input information about themselves and set up a profile, which can be customized in many ways, such as by adding a Badge to prominently display certain values or characteristics. On Badoo app, users profiles can be customized in many ways, such as by using the Moods feature to share what's on their minds. In addition to dating, in Bumble app it also provides products that enable social connection, offering users the opportunity to develop platonic connections through the BFF mode for friendships and through the Bizz mode for professional networking and mentorship.

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Bumble Inc’s Stock Price as of Market Close

As of July 18, 2024, 4:00 PM, CST, Bumble Inc’s stock price was $9.04.

Bumble Inc is down 4.03% from its previous closing price of $9.42.

During the last market session, Bumble Inc’s stock traded between $9.38 and $10.03. Currently, there are 128.73 million shares of Bumble Inc stock available for purchase.

Bumble Inc’s price-earnings (P/E) ratio is currently at 26.1, which is low compared to the Online Services industry median of 26.7. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Bumble Inc Stock Price History

Bumble Inc’s (BMBL) price is currently down 13.99% so far this month.

During the month of July, Bumble Inc’s stock price has reached a high of $10.66 and a low of $8.99.

Over the last year, Bumble Inc has hit prices as high as $20.97 and as low as $9.12. Year to date, Bumble Inc’s stock is down 57.05%.

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What Caused Bumble Inc Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of July 17, 2024, there were 3 analysts who downgraded Bumble Inc’s stock and 2 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Bumble Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Bumble Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Bumble Inc’s current valuation based on AAII’s Value Grade is a B, which means it is considered to be Value.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Bumble Inc (BMBL) by visiting AAII Stock Evaluator.

Relative Price Strength of Bumble Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of July 17, 2024, Bumble Inc has a weighted four-quarter relative price strength of -19.73%, which translates to a Momentum Score of 16 and is considered to be Very Weak.

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Bumble Inc Stock Price: Bottom Line

As of July 18, 2024, Bumble Inc’s stock price is $9.04, which is down 4.03% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Bumble Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.