Bumble Inc. (BMBL, Financial) experienced a significant stock drop of 5.08%, with shares priced at $7.85 and a trading volume of 874,681 shares. The company's recent financial report revealed revenue of $274 million, a net loss of $613 million, and earnings per share of -$5.11, resulting in a negative price-to-earnings ratio of -1.67. Among the 24 institutions rating the stock, 25% recommend buying, 67% suggest holding, and 8% advise selling.
The software services industry, where Bumble operates, saw an overall decline of 1.66%. Notably, Nukkleus Inc. and The Glimpse Group, Inc. showed significant gains and activity, with Nukkleus Inc. having a turnover rate of 1386.26% and a price fluctuation of 428.20%.
Bumble Inc. specializes in online dating services, managing the Bumble and Badoo apps, which facilitate new connections for users each month.
