Technical Outlook And Game Plan For BuzzFeed Inc (NASDAQ: BZFD)

BuzzFeed Inc (BZFD) concluded trading on Thursday at a closing price of $0.24, with 76.86 million shares of worth about $18.45 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -49.99% during that period and on Thursday the price saw a gain of about 37.73%. Currently the company’s common shares owned by public are about 126.39M shares, out of which, 50.10M shares are available for trading.

However, the stock later moved at a day high price of 0.4437, or with a gain of 37.73%. Stock saw a price change of 29.35% in past 5 days and over the past one month there was a price change of 1.71%. Year-to-date (YTD), BZFD shares are showing a performance of -4.80% which decreased to -85.58% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.16 but also hit the highest price of $2.26 during that period. The average intraday trading volume for BuzzFeed Inc shares is 850.40K. The stock is currently trading 22.94% above its 20-day simple moving average (SMA20), while that difference is down -4.36% for SMA50 and it goes to -42.59% lower than SMA200.

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BuzzFeed Inc (NASDAQ: BZFD) currently have 126.39M outstanding shares and institutions hold larger chunk of about 9.50% of that.

The stock has a current market capitalization of $34.49M and its 3Y-monthly beta is at 2.62. It has posted earnings per share of -$1.30 in the same period. It has Quick Ratio of 1.18 while making debt-to-equity ratio of 1.86. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for BZFD, volatility over the week remained 40.90% while standing at 17.15% over the month.

Analysts are in expectations that BuzzFeed Inc (BZFD) stock would likely to be making an EPS of $0.06 in the current quarter, while forecast for next quarter EPS is $0 and it is -$0.2 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.06 which is $0.06 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.75 in the same quarter a year ago.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Cowen on November 22, 2022 offering a Market perform rating for the stock and assigned a target price range of between $3 and $2 to it.

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