Allbirds Inc (NASDAQ: BIRD) closed the day trading at $0.65 up 6.62% from the previous closing price of $0.61. In other words, the price has increased by $+0.0404 from its previous closing price. On the day, 1362718 shares were traded. BIRD stock price reached its highest trading level at $0.6678 during the session, while it also had its lowest trading level at $0.6011.
Ratios:
For a better understanding of BIRD, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 3.18 and its Current Ratio is at 4.37. In the meantime, Its Debt-to-Equity ratio is 0.51 whereas as Long-Term Debt/Eq ratio is at 0.42.
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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 100.94M and an Enterprise Value of 64.85M. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.40 while its Price-to-Book (P/B) ratio in mrq is 0.54. Its current Enterprise Value per Revenue stands at 0.26 whereas that against EBITDA is -0.66.
Stock Price History:
Over the past 52 weeks, BIRD has reached a high of $1.83, while it has fallen to a 52-week low of $0.61. The 50-Day Moving Average of the stock is 0.8569, while the 200-Day Moving Average is calculated to be 1.0850.
Shares Statistics:
Over the past 3-months, BIRD traded about 901.05K shares per day on average, while over the past 10 days, BIRD traded about 1.21M shares per day. A total of 102.58M shares are outstanding, with a floating share count of 96.68M. Insiders hold about 37.70% of the company’s shares, while institutions hold 25.74% stake in the company. Shares short for BIRD as of Mar 15, 2024 were 10.09M with a Short Ratio of 11.20, compared to 7.59M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 6.50% and a Short% of Float of 9.86%.
Earnings Estimates
Current recommendations for the stock of the company come from 3 analysts. On average, analysts expect EPS of -$0.22 for the current quarter, with a high estimate of -$0.21 and a low estimate of -$0.23, while EPS last year was -$0.21. The consensus estimate for the next quarter is -$0.17, with high estimates of -$0.17 and low estimates of -$0.18.
Analysts are recommending an EPS of between -$0.72 and -$0.77 for the fiscal current year, implying an average EPS of -$0.74. EPS for the following year is -$0.61, with 3 analysts recommending between -$0.59 and -$0.64.
Revenue Estimates
5 analysts predict $40.02M in revenue for the current quarter. It ranges from a high estimate of $41.2M to a low estimate of $38.7M. As of the current estimate, Allbirds Inc’s year-ago sales were $54.35M, an estimated decrease of -26.40% from the year-ago figure. For the next quarter, 5 analysts are estimating revenue of $52.42M, a decrease of -25.60% over than the figure of -$26.40% in the same quarter last year. There is a high estimate of $54.4M for the next quarter, whereas the lowest estimate is $49.9M.
A total of 5 analysts have provided revenue estimates for BIRD’s current fiscal year. The highest revenue estimate was $202.3M, while the lowest revenue estimate was $196.3M, resulting in an average revenue estimate of $199.12M. In the same quarter a year ago, actual revenue was $254.06M, down -21.60% from the average estimate. Based on 5 analysts’ estimates, the company’s revenue will be $201.9M in the next fiscal year. The high estimate is $211.4M and the low estimate is $188.8M. The average revenue growth estimate for next year is up 1.40% from the average revenue estimate for this year.
