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The price of Bluebird bio Inc (NASDAQ: BLUE) closed at $1.35 in the last session, up 2.27% from day before closing price of $1.32. In other words, the price has increased by $2.27 from its previous closing price. On the day, 8.94 million shares were traded. BLUE stock price reached its highest trading level at $1.425 during the session, while it also had its lowest trading level at $1.31.
Ratios:
We take a closer look at BLUE’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 1.42 and its Current Ratio is at 1.55. In the meantime, Its Debt-to-Equity ratio is 1.36 whereas as Long-Term Debt/Eq ratio is at 1.04.
On December 08, 2023, Morgan Stanley Upgraded its rating to Equal-Weight which previously was Underweight and also upped its target price recommendation from $3 to $7.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Jun 03 ’24 when Klima Thomas J sold 3,834 shares for $0.97 per share. The transaction valued at 3,726 led to the insider holds 121,006 shares of the business.
Obenshain Andrew sold 6,095 shares of BLUE for $9,311 on Mar 04 ’24. The President and CEO now owns 279,998 shares after completing the transaction at $1.53 per share. On Mar 04 ’24, another insider, Klima Thomas J, who serves as the insider of the company, sold 4,573 shares for $1.53 each. As a result, the insider received 6,986 and left with 124,840 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, BLUE now has a Market Capitalization of 260201712 and an Enterprise Value of 277017888. For the stock, the TTM Price-to-Sale (P/S) ratio is 11.97 while its Price-to-Book (P/B) ratio in mrq is 0.65. Its current Enterprise Value per Revenue stands at 12.751 whereas that against EBITDA is -2.102.
Stock Price History:
The Beta on a monthly basis for BLUE is 0.87, which has changed by -0.63215256 over the last 52 weeks, in comparison to a change of 0.24125004 over the same period for the S&P500. Over the past 52 weeks, BLUE has reached a high of $5.53, while it has fallen to a 52-week low of $0.85. The 50-Day Moving Average of the stock is 37.29%, while the 200-Day Moving Average is calculated to be -23.47%.
Shares Statistics:
According to the various share statistics, BLUE traded on average about 6.40M shares per day over the past 3-months and 6058660 shares per day over the past 10 days. A total of 192.74M shares are outstanding, with a floating share count of 189.84M. Insiders hold about 1.51% of the company’s shares, while institutions hold 54.77% stake in the company. Shares short for BLUE as of 1719532800 were 30713131 with a Short Ratio of 4.80, compared to 1717113600 on 29123440. Therefore, it implies a Short% of Shares Outstanding of 30713131 and a Short% of Float of 17.02.
