Market Recap Check: Allbirds Inc (BIRD)’s Negative Finish at 0.53, Up/Down -0.95

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The price of Allbirds Inc (NASDAQ: BIRD) closed at $0.53 in the last session, down -0.95% from day before closing price of $0.54. In other words, the price has decreased by -$0.95 from its previous closing price. On the day, 0.54 million shares were traded. BIRD stock price reached its highest trading level at $0.5385 during the session, while it also had its lowest trading level at $0.5254.


We take a closer look at BIRD’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 2.67 and its Current Ratio is at 3.97. In the meantime, Its Debt-to-Equity ratio is 0.50 whereas as Long-Term Debt/Eq ratio is at 0.41.

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:

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 07 ’24 when LEVITAN DAN bought 71,175 shares for $0.55 per share. The transaction valued at 38,933 led to the insider holds 289,080 shares of the business.

LEVITAN DAN bought 28,825 shares of BIRD for $15,623 on Jun 06 ’24. The Director now owns 217,905 shares after completing the transaction at $0.54 per share. On Jun 03 ’24, another insider, Mitchell Ann, who serves as the Chief Financial Officer of the company, sold 62,486 shares for $0.56 each. As a result, the insider received 35,005 and left with 812,024 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 82845608 and an Enterprise Value of 60112472. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.35 while its Price-to-Book (P/B) ratio in mrq is 0.52. Its current Enterprise Value per Revenue stands at 0.251 whereas that against EBITDA is -0.635.

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 $0.52. The 50-Day Moving Average of the stock is -15.20%, while the 200-Day Moving Average is calculated to be -42.09%.

Shares Statistics:

According to the various share statistics, BIRD traded on average about 1.31M shares per day over the past 3-months and 815660 shares per day over the past 10 days. A total of 102.58M shares are outstanding, with a floating share count of 97.92M. Insiders hold about 37.17% of the company’s shares, while institutions hold 24.13% stake in the company. Shares short for BIRD as of 1715731200 were 11603397 with a Short Ratio of 8.86, compared to 1713139200 on 11337111. Therefore, it implies a Short% of Shares Outstanding of 11603397 and a Short% of Float of 11.3800004.

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