BuzzFeed Inc (NASDAQ:BZFD) does about 418.15K shares in volume on a normal day but saw 1931418 shares change hands in the recent trading day. The company now has a market cap of 121.28M USD. Its current market price is $3.18, marking an increase of 15.01% compared to the previous close of $2.77. The 52 week high reached by this stock is $4.56 whilst the lowest price level in 52 weeks is $0.64.
BuzzFeed Inc (BZFD) has a 20-day trading average at $2.58 and the current price is -30.26% off the 52-week high compared with 394.40% distance from its 52-week low. The 50-day simple moving average of the closing price is $2.61 and its 200-day simple moving average is $2.16. If we look at the stock’s price movements over the week, volatility stands at 8.53%, which decreases to 6.91% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 69.86 to suggest the stock is neutral.
The consensus objective for the share price is $4.00, suggesting that the stock has a potential upside of 20.5% over the period.
FactSet Research has provided data showing that 0 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 0 analysts have rated it as a buy and 0 have advised that investors hold their positions. The consensus recommendation rating is nan and Wall Street’s advice is for investors to Hold the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on November 22, 2022 when Cowen downgraded the stock to “Market Perform” and issued a price target of between $3 and $2. BofA Securities also downgraded the stock to “Underperform” from Neutral on August 11, 2022 at a price target of $4.50-$2. BofA Securities initiated its price target at $5.
The current price level is 23.05%, 21.97%, and 46.90% away from its SMA20, SMA50, and SMA200 respectively, with the BZFD price moving below the 50-day SMA on current market day. BuzzFeed Inc (BZFD) stock is up 25.20% over the week and 34.75% over the past month. Its price is 218.00% year-to-date and 157.28% over the past year.
The stock last released its quarterly earnings report for quarter ended 9/30/2023, with the company’s earnings per share (EPS) of -3 below consensus estimates by -2.88. The company’s next earnings report forecasts estimating quarterly EPS at 0 and 0 for whole year. In addition, estimates put the company’s current quarterly revenue at an average of $75.66M.
To reach the target analysts have set, the stock logically needs to grow 20.5 percent from here.
The company has a return on investment of -73.16% and return on equity of -43.47%. The beta has a value of 3.35. Price to book ratio is 1.76 and price to sales ratio is 0.50.
