The closing price of Allbirds Inc (NASDAQ: BIRD) was $0.83 for the day, down -5.06% from the previous closing price of $0.87. In other words, the price has decreased by -$0.0442 from its previous closing price. On the day, 1001714 shares were traded. BIRD stock price reached its highest trading level at $0.8950 during the session, while it also had its lowest trading level at $0.8139.
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 3.04 and its Current Ratio is at 4.60. In the meantime, Its Debt-to-Equity ratio is 0.45 whereas as Long-Term Debt/Eq ratio is at 0.39.
On March 13, 2023, TD Cowen Downgraded its rating to Market Perform which previously was Outperform and also lowered its target price recommendation from $4 to $1.50.
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 Mar 01 ’24 when Vernachio Joseph sold 23,935 shares for $0.91 per share. The transaction valued at 21,661 led to the insider holds 321,740 shares of the business.
Vernachio Joseph sold 17,341 shares of BIRD for $18,173 on Dec 04 ’23. The Chief Operating Officer now owns 345,675 shares after completing the transaction at $1.05 per share. On Nov 13 ’23, another insider, Mitchell Ann, who serves as the Chief Financial Officer of the company, bought 10,000 shares for $0.68 each. As a result, the insider paid 6,800 and bolstered with 844,101 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, BIRD now has a Market Capitalization of 133.94M and an Enterprise Value of 108.46M. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.48 while its Price-to-Book (P/B) ratio in mrq is 0.54. Its current Enterprise Value per Revenue stands at 0.41 whereas that against EBITDA is -1.17.
Stock Price History:
Over the past 52 weeks, BIRD has reached a high of $2.68, while it has fallen to a 52-week low of $0.64. The 50-Day Moving Average of the stock is 1.0030, while the 200-Day Moving Average is calculated to be 1.1375.
Shares Statistics:
BIRD traded an average of 812.45K shares per day over the past three months and 621.02k shares per day over the past ten days. A total of 96.77M shares are outstanding, with a floating share count of 94.84M. Insiders hold about 37.83% of the company’s shares, while institutions hold 26.19% stake in the company. Shares short for BIRD as of Feb 15, 2024 were 7.59M with a Short Ratio of 9.34, compared to 6.88M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 4.96% and a Short% of Float of 7.58%.
Earnings Estimates
The firm’s stock currently is rated by 5 analysts. On average, analysts expect EPS of -$0.23 for the current quarter, with a high estimate of -$0.21 and a low estimate of -$0.26, while EPS last year was -$0.12. The consensus estimate for the next quarter is -$0.19, with high estimates of -$0.18 and low estimates of -$0.2.
Analysts are recommending an EPS of between -$0.78 and -$0.8 for the fiscal current year, implying an average EPS of -$0.79. EPS for the following year is -$0.69, with 5 analysts recommending between -$0.6 and -$0.8.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 7 analysts. It ranges from a high estimate of $70.48M to a low estimate of $67.2M. As of the current estimate, Allbirds Inc’s year-ago sales were $84.18M, an estimated decrease of -18.00% from the year-ago figure. For the next quarter, 6 analysts are estimating revenue of $50.16M, a decrease of -7.70% over than the figure of -$18.00% in the same quarter last year. There is a high estimate of $55.44M for the next quarter, whereas the lowest estimate is $46.2M.
A total of 9 analysts have provided revenue estimates for BIRD’s current fiscal year. The highest revenue estimate was $262.5M, while the lowest revenue estimate was $249.2M, resulting in an average revenue estimate of $252.14M. In the same quarter a year ago, actual revenue was $297.77M, down -15.30% from the average estimate. Based on 9 analysts’ estimates, the company’s revenue will be $249.76M in the next fiscal year. The high estimate is $275.7M and the low estimate is $225.9M. The average revenue growth estimate for next year is down -0.90% from the average revenue estimate for this year.
