Analysis of Allbirds Inc. (NASDAQ:BIRD): Selected Notes

The closing price of Allbirds Inc. (NASDAQ: BIRD) was $2.50 for the day, up 5.49% from the previous closing price of $2.37. In other words, the price has increased by $+0.1300 from its previous closing price. On the day, 819247 shares were traded. BIRD stock price reached its highest trading level at $2.5050 during the session, while it also had its lowest trading level at $2.3500.

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Ratios:

Our analysis of BIRD’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 3.50 and its Current Ratio is at 5.50. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Piper Sandler on January 05, 2023, Downgraded its rating to Neutral and sets its target price to $4 from $5 previously.

On August 10, 2022, Morgan Stanley Downgraded its rating to Equal-Weight which previously was Overweight and also lowered its target price recommendation from $12 to $5.

On July 22, 2022, Piper Sandler started tracking the stock assigning a Overweight rating and target price of $10.Piper Sandler initiated its Overweight rating on July 22, 2022, with a $10 target price.

Insider Transactions:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Dec 02 when Vernachio Joseph sold 5,693 shares for $2.87 per share. The transaction valued at 16,339 led to the insider holds 185,320 shares of the business.

Bufano Michael J sold 12,932 shares of BIRD for $37,115 on Dec 02. The Chief Financial Officer now owns 333,758 shares after completing the transaction at $2.87 per share. On Sep 01, another insider, Bufano Michael J, who serves as the Chief Financial Officer of the company, sold 9,237 shares for $3.95 each. As a result, the insider received 36,486 and left with 345,214 shares of the company.

Valuation Measures:

For the stock, the TTM Price-to-Sale (P/S) ratio is 1.14 while its Price-to-Book (P/B) ratio in mrq is 1.12.

Stock Price History:

Over the past 52 weeks, BIRD has reached a high of $14.02, while it has fallen to a 52-week low of $2.14. The 50-Day Moving Average of the stock is 2.6377, while the 200-Day Moving Average is calculated to be 3.9950.

Shares Statistics:

BIRD traded an average of 1.51M shares per day over the past three months and 915.31k shares per day over the past ten days. A total of 149.27M shares are outstanding, with a floating share count of 95.47M. Insiders hold about 0.60% of the company’s shares, while institutions hold 52.60% stake in the company. Shares short for BIRD as of Oct 13, 2022 were 9.9M with a Short Ratio of 6.11M, compared to 12.87M on Sep 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 6.65% and a Short% of Float of 10.34%.

Earnings Estimates

The firm’s stock currently is rated by 12 analysts. On average, analysts expect EPS of -$0.17 for the current quarter, with a high estimate of -$0.15 and a low estimate of -$0.19, while EPS last year was -$0.25. The consensus estimate for the next quarter is -$0.09, with high estimates of -$0.05 and low estimates of -$0.13.

Analysts are recommending an EPS of between -$0.49 and -$0.58 for the fiscal current year, implying an average EPS of -$0.54. EPS for the following year is -$0.42, with 12 analysts recommending between -$0.3 and -$0.54.

Revenue Estimates

It is expected that $90B in revenue will be generated in the current quarter, according to 12 analysts. It ranges from a high estimate of $69.7M to a low estimate of $65.3M. As of the current estimate, Allbirds Inc.’s year-ago sales were $62.71M, an estimated increase of 8.10% from the year-ago figure. For the next quarter, 12 analysts are estimating revenue of $102.27M, an increase of 5.20% less than the figure of $8.10% in the same quarter last year. There is a high estimate of $104.8M for the next quarter, whereas the lowest estimate is $99.2M.

A total of 13 analysts have provided revenue estimates for BIRD’s current fiscal year. The highest revenue estimate was $315.4M, while the lowest revenue estimate was $305.4M, resulting in an average revenue estimate of $310.78M. In the same quarter a year ago, actual revenue was $277.47M, up 12.00% from the average estimate. Based on 13 analysts’ estimates, the company’s revenue will be $373.24M in the next fiscal year. The high estimate is $416.82M and the low estimate is $345.25M. The average revenue growth estimate for next year is up 20.10% from the average revenue estimate for this year.