Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
After finishing at $0.57 in the prior trading day, Allbirds Inc (NASDAQ: BIRD) closed at $0.60, up 4.90%. In other words, the price has increased by $4.90 from its previous closing price. On the day, 0.88 million shares were traded. BIRD stock price reached its highest trading level at $0.6095 during the session, while it also had its lowest trading level at $0.5632.
Ratios:
Our goal is to gain a better understanding of BIRD by taking a closer 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 92740936 and an Enterprise Value of 56658072. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.37 while its Price-to-Book (P/B) ratio in mrq is 0.50. Its current Enterprise Value per Revenue stands at 0.223 whereas that against EBITDA is -0.579.
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 -24.09%, while the 200-Day Moving Average is calculated to be -43.42%.
Shares Statistics:
The stock has traded on average 999.74K shares per day over the past 3-months and 1530120 shares per day over the last 10 days, according to various share statistics. A total of 102.58M shares are outstanding, with a floating share count of 96.81M. Insiders hold about 37.62% of the company’s shares, while institutions hold 25.66% stake in the company. Shares short for BIRD as of 1711584000 were 10033940 with a Short Ratio of 10.04, compared to 1709164800 on 8569904. Therefore, it implies a Short% of Shares Outstanding of 10033940 and a Short% of Float of 9.8000005.
Earnings Estimates
At present, Allbirds, Inc. analysts are actively evaluating the performance of Allbirds Inc (BIRD) in the stock market.The consensus estimate for the next quarter is $33.94, with high estimates of $42.67 and low estimates of $25.45.
