BuzzFeed Inc (BZFD) concluded trading on Wednesday at a closing price of $0.22, with 15.37 million shares of worth about $3.38 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -49.63% during that period and on Wednesday the price saw a loss of about -8.50%. Currently the company’s common shares owned by public are about 126.39M shares, out of which, 58.88M shares are available for trading.
Stock saw a price change of 30.59% in past 5 days and over the past one month there was a price change of 1.63%. Year-to-date (YTD), BZFD shares are showing a performance of -12.56% which decreased to -88.85% 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 $2.08 during that period. The average intraday trading volume for BuzzFeed Inc shares is 2.36 million. The stock is currently trading 11.93% above its 20-day simple moving average (SMA20), while that difference is down -10.68% for SMA50 and it goes to -46.61% lower than SMA200.
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 $31.68M and its 3Y-monthly beta is at 2.71. 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 42.12% while standing at 18.46% 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. Coverage by BofA Securities stated BuzzFeed Inc (BZFD) stock as an Underperform in their note to investors on August 11, 2022, suggesting a price target of $2 for the stock. On February 04, 2022, BofA Securities Initiated their recommendations, while on January 12, 2022, Craig Hallum Initiated their ratings for the stock with a price target of $7.50. Stock get an Outperform rating from Cowen on January 10, 2022.
