As of Friday close, Allbirds Inc.’s (NASDAQ:BIRD) stock was up $0.02, moving up 1.89 percent to $1.08. The average number of shares traded per day over the past five days has been 6,503,600 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.1700 fall in that time frame. In the last twenty days, the average volume was 3,925,895, while in the previous 50 days, it was 2,512,880.
Since last month, BIRD stock retreated -64.00%. Shares of the company fell to $1.0300 on 03/16/23, the lowest level in the past month. A 52-week high of $6.85 was reached on 02/02/23 after having rallying from a 52-week low of $1.03. Since the beginning of this year, BIRD’s stock price has dropped by -55.37% or -$1.3400, and marked a new high 11 times. However, the stock has declined by -84.23% since its 52-week high.
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BIRD stock investors should be aware that Allbirds Inc. (BIRD) stock had its last reported insider trading activity 3 days ago on Mar 15. LEVITAN DAN, the Director of the company, purchased of 75,796 shares for $1.08 on Mar 15. It resulted in a $81,860 investment by the insider. Bufano Michael J sold 10,570 shares at an average price of $2.82 on Mar 02. The insider now owns 323,188 shares following the transaction. On Mar 02, Chief Operating Officer Vernachio Joseph sold 6,784 shares at $2.82 apiece. The transaction was valued at $19,131.
In the three months ended December 30, Allbirds Inc.’s quick ratio stood at 3.50, while its current ratio was 5.50, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 45.70% percent. In the year ended December 30, operating margins totaled -21.70%. Based on annual data, BIRD earned $129.63 million in gross profit and brought in $297.77 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -8.50%. Return on equity (ROE) for the past 12 months was -20.60%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. BIRD’s revenue rose 13.68% to $78.17 million during the quarter, while net income inched up to $72.65 million. While analysts expected Allbirds Inc. to report -$0.12 quarterly earnings, the actual figure was -$0.12 per share. During the quarter, the company generated -$21.9 million in EBITDA. The liabilities of Allbirds Inc. were 145.59 million at the end of its most recent quarter ended December 30, and its total debt was $105.85 million. The value of shareholders’ equity is $149.96 million.
This quick technical analysis looks at Allbirds Inc.’s (BIRD) price momentum. With a historical volatility rate of 281.05%, the RSI 9-day stood at 13.13% on 17 March.
With respect to its five-day moving average, the current Allbirds Inc. price is down by -13.60% percent or -$0.1700. At present, BIRD shares trade -60.00% below its 20-day simple moving average and -67.47% percent below its 100-day simple moving average. However, the stock is currently trading approximately -55.37% below its SMA50 and -80.22% below its SMA200.
Stochastic coefficient K was 1.78% and Stochastic coefficient D was 1.53%, while ATR was 0.2185. Given the Stochastic reading of 2.43% for the 14-day period, the RSI (14) reading has been calculated as 19.25%. As of today, the MACD Oscillator reading stands at -0.5161, while the 14-day reading stands at -0.9915.
Allbirds Inc. downgraded its rating on Allbirds Inc. (NASDAQ: BIRD) to a Market perform in a note to investors on March 13, 2023. The analysts firm previously had an Outperform rating on the stock.Allbirds Inc. (BIRD) has been rated Hold by analysts. According to 0 brokerage firms, BIRD is a sell, and 12 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Allbirds Inc. stock as buy, with 1 recommending it as overweight.
With a median target price of $2.00, the current consensus forecast for the stock is $1.50 – $9.00. Based on these forecasts, analysts predict Allbirds Inc. (BIRD) will achieve an average price target of $3.19.