Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
The price of Allbirds Inc (NASDAQ: BIRD) closed at $0.63 in the last session, up 3.46% from day before closing price of $0.61. In other words, the price has increased by $3.46 from its previous closing price. On the day, 0.72 million shares were traded. BIRD stock price reached its highest trading level at $0.6373 during the session, while it also had its lowest trading level at $0.61.
Ratios:
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 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:
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 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 95068736 and an Enterprise Value of 62275920. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.39 while its Price-to-Book (P/B) ratio in mrq is 0.53. Its current Enterprise Value per Revenue stands at 0.245 whereas that against EBITDA is -0.636.
Stock Price History:
The Beta on a monthly basis for BIRD is 1.81, which has changed by -0.46722686 over the last 52 weeks, in comparison to a change of 0.24191546 over the same period for the S&P500. 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 -15.10%, while the 200-Day Moving Average is calculated to be -38.94%.
Shares Statistics:
According to the various share statistics, BIRD traded on average about 1.05M shares per day over the past 3-months and 1135700 shares per day over the past 10 days. 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 25.65% stake in the company. Shares short for BIRD as of 1713139200 were 11337111 with a Short Ratio of 10.77, compared to 1710460800 on 10094731. Therefore, it implies a Short% of Shares Outstanding of 11337111 and a Short% of Float of 11.07.
Earnings Estimates
The stock of Allbirds Inc (BIRD) is currently in the spotlight, with 3.0 analysts actively rating and assessing its market standing.On average, analysts expect EPS of -$0.21 for the current quarter, with a high estimate of -$0.21 and a low estimate of -$0.22, while EPS last year was -$0.21. The consensus estimate for the next quarter is -$0.17, with high estimates of -$0.17 and low estimates of -$0.18.
Analysts are recommending an EPS of between -$0.68 and -$0.72 for the fiscal current year, implying an average EPS of -$0.71. EPS for the following year is -$0.58, with 3.0 analysts recommending between -$0.56 and -$0.6.
Revenue Estimates
According to 5 analysts, the current quarter’s revenue is expected to be $39.84M. It ranges from a high estimate of $41.2M to a low estimate of $38.7M. As of the current estimate, Allbirds Inc’s year-ago sales were $54.35MFor the next quarter, 5 analysts are estimating revenue of $51.94M. There is a high estimate of $53.5M for the next quarter, whereas the lowest estimate is $49.9M.
A total of 5 analysts have provided revenue estimates for BIRD’s current fiscal year. The highest revenue estimate was $202.3M, while the lowest revenue estimate was $196.3M, resulting in an average revenue estimate of $199.06M. In the same quarter a year ago, actual revenue was $254.06MBased on 5 analysts’ estimates, the company’s revenue will be $203.22M in the next fiscal year. The high estimate is $212M and the low estimate is $188.8M.
