In the latest session, Allbirds Inc (NASDAQ: BIRD) closed at $0.69 down -6.60% from its previous closing price of $0.74. In other words, the price has decreased by -$0.0486 from its previous closing price. On the day, 958886 shares were traded.
Ratios:
For a deeper understanding of Allbirds Inc’s stock, let’s take a closer look at its various 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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 106.30M and an Enterprise Value of 70.22M. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.42 while its Price-to-Book (P/B) ratio in mrq is 0.58. Its current Enterprise Value per Revenue stands at 0.28 whereas that against EBITDA is -0.72.
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 $0.64. The 50-Day Moving Average of the stock is 0.9233, while the 200-Day Moving Average is calculated to be 1.1157.
Shares Statistics:
For the past three months, BIRD has traded an average of 926.32K shares per day and 1.69M over the past ten days. A total of 102.58M shares are outstanding, with a floating share count of 96.62M. Insiders hold about 37.72% of the company’s shares, while institutions hold 25.75% stake in the company. Shares short for BIRD as of Feb 29, 2024 were 8.57M with a Short Ratio of 9.25, compared to 7.49M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 5.61% and a Short% of Float of 8.56%.
Earnings Estimates
There are 3 different market analysts currently analyzing its stock. On average, analysts expect EPS of -$0.22 for the current quarter, with a high estimate of -$0.21 and a low estimate of -$0.23, 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 -$0.72 and -$0.77 for the fiscal current year, implying an average EPS of -$0.74. EPS for the following year is -$0.61, with 3 analysts recommending between -$0.59 and -$0.64.
Revenue Estimates
A total of 5 analysts believe the company’s revenue will be $40.02M this quarter.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 $54.35M, an estimated decrease of -26.40% from the year-ago figure. For the next quarter, 5 analysts are estimating revenue of $52.42M, a decrease of -25.60% over than the figure of -$26.40% in the same quarter last year. There is a high estimate of $54.4M 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 $199.12M. In the same quarter a year ago, actual revenue was $254.06M, down -21.60% from the average estimate. Based on 5 analysts’ estimates, the company’s revenue will be $201.9M in the next fiscal year. The high estimate is $211.4M and the low estimate is $188.8M. The average revenue growth estimate for next year is up 1.40% from the average revenue estimate for this year.
