Bumble has a yearly gross profit of 693M. Last year they repurchased 310M worth of stock.
Bumble at 5.64/share means it's entire market cap would be 610M or 80M less than one year's worth of profit. I don't understand how anyone could sell BMBL this low.
So while I'm not in love with BMBL's revenue growth, it's pretty clear this stock is significantly undervalued. 5.35 would be my buy target on support.
I'm interested to hear anyone else's take.
Good luck!
Bumble at 5.64/share means it's entire market cap would be 610M or 80M less than one year's worth of profit. I don't understand how anyone could sell BMBL this low.
So while I'm not in love with BMBL's revenue growth, it's pretty clear this stock is significantly undervalued. 5.35 would be my buy target on support.
I'm interested to hear anyone else's take.
Good luck!
Note
BMBL cleared it's last all time low of $4.81 and found the bids. It seems to be getting lifted. I like the odds of this getting back up to $8.75
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.