Ratio Revelations: Bluebird bio Inc (BLUE)’s Financial Metrics in the Spotlight

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Bluebird bio Inc (NASDAQ: BLUE) closed the day trading at $0.91 down -3.48% from the previous closing price of $0.95. In other words, the price has decreased by -$3.48 from its previous closing price. On the day, 4.28 million shares were traded. BLUE stock price reached its highest trading level at $0.9487 during the session, while it also had its lowest trading level at $0.906.

Ratios:

For a better understanding of BLUE, let’s look at its different ratios. 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:

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 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 182622896 and an Enterprise Value of 229401968. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.11 while its Price-to-Book (P/B) ratio in mrq is 0.44. Its current Enterprise Value per Revenue stands at 10.559 whereas that against EBITDA is -1.741.

Stock Price History:

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 -11.79%, while the 200-Day Moving Average is calculated to be -56.20%.

Shares Statistics:

Over the past 3-months, BLUE traded about 6.77M shares per day on average, while over the past 10 days, BLUE traded about 5440990 shares per day. A total of 192.74M shares are outstanding, with a floating share count of 189.83M. Insiders hold about 1.51% of the company’s shares, while institutions hold 55.12% stake in the company. Shares short for BLUE as of 1715731200 were 31599109 with a Short Ratio of 4.67, compared to 1713139200 on 32620441. Therefore, it implies a Short% of Shares Outstanding of 31599109 and a Short% of Float of 17.51.

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