Blue Bird Corp’s Market Journey: Closing Weak at 40.59, Down -0.25

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The closing price of Blue Bird Corp (NASDAQ: BLBD) was $40.59 for the day, down -0.25% from the previous closing price of $40.69. In other words, the price has decreased by -$0.25 from its previous closing price. On the day, 0.76 million shares were traded. BLBD stock price reached its highest trading level at $41.7299 during the session, while it also had its lowest trading level at $39.6593.

Ratios:

Our analysis of BLBD’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 10.23 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 13.63. For the most recent quarter (mrq), Quick Ratio is recorded 0.83 and its Current Ratio is at 1.37. In the meantime, Its Debt-to-Equity ratio is 0.63 whereas as Long-Term Debt/Eq ratio is at 0.58.

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 this company, BTIG Research on October 09, 2024, initiated with a Buy rating and assigned the stock a target price of $55.

On October 03, 2024, ROTH MKM Downgraded its rating to Neutral which previously was Buy but kept the price unchanged to $48.

Needham reiterated its Buy rating for the stock on July 17, 2024, while the target price for the stock was revised from $52 to $65.

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 Sep 16 ’24 when Horlock Phil sold 29,708 shares for $50.80 per share. The transaction valued at 1,509,166 led to the insider holds 299,812 shares of the business.

Horlock Phil sold 30,044 shares of BLBD for $1,478,165 on Sep 13 ’24. The Chief Executive Officer now owns 299,812 shares after completing the transaction at $49.20 per share. On Sep 12 ’24, another insider, Smith Britton, who serves as the President of the company, sold 2,508 shares for $49.81 each. As a result, the insider received 124,923 and left with 80,617 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, BLBD now has a Market Capitalization of 1309758080 and an Enterprise Value of 1394664320. As of this moment, Blue’s Price-to-Earnings (P/E) ratio for their current fiscal year is 12.77, and their Forward P/E ratio for the next fiscal year is 9.16. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.22. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.97 while its Price-to-Book (P/B) ratio in mrq is 8.21. Its current Enterprise Value per Revenue stands at 1.073 whereas that against EBITDA is 8.96.

Stock Price History:

Over the past 52 weeks, BLBD has reached a high of $59.40, while it has fallen to a 52-week low of $17.79. The 50-Day Moving Average of the stock is -7.24%, while the 200-Day Moving Average is calculated to be -8.55%.

Shares Statistics:

BLBD traded an average of 766.59K shares per day over the past three months and 1117010 shares per day over the past ten days. A total of 32.27M shares are outstanding, with a floating share count of 31.69M. Insiders hold about 1.80% of the company’s shares, while institutions hold 94.76% stake in the company. Shares short for BLBD as of 1730332800 were 3418925 with a Short Ratio of 6.76, compared to 1727654400 on 2957172. Therefore, it implies a Short% of Shares Outstanding of 3418925 and a Short% of Float of 12.23.

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