Bumble (NASDAQ: BMBL) went public last February at an IPO offering of $43 per share. The online dating company's stock opened at $76 on the first day, hit $84.80 the following day, but subsequently tumbled back to the low $30s.
The market's enthusiasm for Bumble fizzled out as its growth decelerated. Intense competition from its larger rival Match Group (NASDAQ: MTCH) , which owns Tinder, and the inflation-driven retreat from higher-growth tech stocks exacerbated that pain.
Bumble's stock might seem reasonably valued now at six times next year's sales , but investors should be mindful of five red flags for its future.
For further details see:
5 Red Flags for Bumble's Future