Check Out What Bird Global Inc. (BRDS) Insiders Are Doing

The stock of Bird Global Inc. (NYSE:BRDS) decreased by -$0.02 on Tuesday to finish at $0.53, down -3.83 percent. The last five days have seen an average of 3,337,680 shares of common stock traded. The average number of shares traded over the last 20 days was 2,763,765, while the average volume over the last 50 days totaled 2,594,492.

BRDS stock dropped -32.53% since last month. On 06/13/22, the company’s shares reached a one-month low of $0.4822. The stock touched a high of $11.25, after rallying from a low of $0.48 in 52 weeks. The price of BRDS stock has declined by -91.38% or -$5.6380 this year, reaching a new high 2 times. Still, the stock price is down -95.27% from the 52-week high.


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Insider Transactions

There have been 9 days since Bird Global Inc. (BRDS) last reported insider trading activity on Jun 13. On Jun 13, Chief Operating Officer Torchiana Shane sold 40,747 shares at $0.56 each. This transaction resulted in the insider making $22,818. On Jun 13, Rushforth William S sold 42,337 shares at a price of US$0.56. After the transaction, the insider now owns 2,765,635 shares. General Counsel and Secretary Murison Lisa had earlier sold 1,430 shares on Jun 13 for $0.56 a share. The transaction was completed for $801.

Financial Health

For the three months ended December 30, Bird Global Inc.’s quick ratio was 0.90, while its current ratio was 1.00, indicating its inability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 12.80% percent. Based on annual data, it had gross profit of $39.41 million and revenue of $205.14 million.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. There was a -59.50% return on investment (ROI) in the past year.

Earnings Surprise

According to Bird Global Inc.’s quarterly financial report for the quarter that ended December 30. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $33.75 million, while revenues rose by 100.0% to -$64.03 million. It was predicted that Bird Global Inc.’s quarterly earnings would be -$0.5, but it ended up being -$0.34, beating the consensus by -47.10%. EBITDA was -$86.93 million for the quarter. At the end of Bird Global Inc.’s most recent quarter ended December 30, its liabilities totaled 193.38 million, while its total debt was $49.09 million. Equity owned by shareholders amounts to $278.77 million.

Technical Picture

Here’s a quick look at Bird Global Inc.’s (BRDS) price momentum from a technical perspective. As of 21 June, the RSI 9-day stood at 29.62%, suggesting the stock is oversold, with a 120.92% historical volatility rate.

The stochastic %K and %D were 20.42% and 18.84% respectively, while the average true range (ATR) was 0.0901. Based on the 14-day stochastic reading of 15.91%, the RSI (14) reading is 27.02%. On the 9-day MACD Oscillator, the stock is at -0.0296, and the 14-day reading is at -0.0924.

Analyst Ratings

In its analyst report released on January 07, 2022, Goldman began covering Bird Global Inc. (NYSE: BRDS). The stock was rated as a Neutral by the brokerage firm.

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