Those determined to outshine the market strategically focus on the selection of individual stocks. Well-chosen stocks have the potential to substantially boost your wealth.
As of close of business last night, Allbirds Inc’s stock clocked out at $0.62, up 1.77% from its previous closing price of $0.61. In other words, the price has increased by $1.77 from its previous closing price. On the day, 0.77 million shares were traded. BIRD stock price reached its highest trading level at $0.64 during the session, while it also had its lowest trading level at $0.6.
Ratios:
To gain a deeper understanding of BIRD’s stock, we examine 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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. 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 94701896 and an Enterprise Value of 60506764. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.38 while its Price-to-Book (P/B) ratio in mrq is 0.52. Its current Enterprise Value per Revenue stands at 0.238 whereas that against EBITDA is -0.618.
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 $0.54. The 50-Day Moving Average of the stock is -12.63%, while the 200-Day Moving Average is calculated to be -38.84%.
Shares Statistics:
It appears that BIRD traded 1.10M shares on average per day over the past three months and 1182450 shares per day over the past ten days. A total of 102.58M shares are outstanding, with a floating share count of 97.42M. Insiders hold about 37.48% of the company’s shares, while institutions hold 25.55% stake in the company. Shares short for BIRD as of 1713139200 were 11337111 with a Short Ratio of 10.31, compared to 1710460800 on 10094731. Therefore, it implies a Short% of Shares Outstanding of 11337111 and a Short% of Float of 11.12.
