Allbirds Inc. (NASDAQ:BIRD) finished Wednesday with an addition of $0.38 to close at $1.66, an upside of 29.69 percent. An average of 2,123,700 shares of common stock have been traded in the last five days. There was a gain of $0.2700 in the past week, and it reached a new high 4 times over the past 12 months. The last 20 days have seen an average of 1,999,365 shares traded, while the 50-day average volume stands at 1,665,280.
BIRD stock has increased by 33.87% in the last month. The company shares reached their 1-month lowest point of $1.2300 on 07/11/23. With the stock rallying to its 52-week high on 02/02/23, shares of the company touched a low of $1.03 and a high of $5.41 in 52 weeks. It has reached a new high 11 times so far this year and lost -31.40% or -$0.7600 in price. In spite of this, the price is down -69.34% from the 52-week high.
Insider Transactions
BIRD stock investors should be aware that Allbirds Inc. (BIRD) stock had its last reported insider trading activity 69 days ago on Jun 02. In this transaction, the insider spent $6,569. Chief Financial Officer, Bufano Michael J, disposed of 10,570 shares at a price of $2.82 on Mar 02. The insider now owns more than $29,807 worth of shares. Prior to that, Chief Operating Officer Vernachio Joseph went on to Sale 6,784 shares at $2.82 each on Mar 02. An amount of $19,131 was transacted.
Valuation Metrics
Allbirds Inc. (BIRD) stock’s beta is 1.77. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.91, the price-to-book (PB) ratio at 0.86.
Financial Health
The quick ratio of Allbirds Inc. for the three months ended March 30 was 3.80, and the current ratio was 6.30, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the quarter ending March 30. Allbirds Inc.’s EBITDA margin for the year ending March 30 is -26.87%, while its operating margin for the same period stands at -40.00%. Its gross profit as reported stood at $129.63 million compared to revenue of $297.77 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Allbirds Inc.’s return on assets was -26.40%.
Earnings Surprise
In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$35.17 million in the quarter, while revenues of -$25.24 million were grew 139.24%. The analyst consensus anticipated Allbirds Inc.’s latest quarter earnings to come in at -$0.24 per share, but it turned out to be -$0.21, a 12.50% surprise. For the quarter, EBITDA amounted to -$30.59 million. At the end of the quarter ending March 30, Allbirds Inc.’s stock balance sheet showed total liabilities of 141.52 million. Shareholders own equity worth $150.48 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Allbirds Inc. (BIRD) price momentum. RSI 9-day as of the close on 09 August was 64.61%, suggesting the stock is Neutral, with historical volatility in this time frame at 153.79%.
As of today, BIRD’s price is $1.4220 +19.42% or $0.2700 from its 5-day moving average. BIRD is currently trading +30.71% higher than its 20-day SMA and +56.60% higher than its 100-day SMA. However, the stock’s current price level is +39.50% above the SMA50 and -48.61% below the SMA200.
The stochastic %K and %D were 32.41% and 19.27%, respectively, and the average true range (ATR) was 0.1344. With the 14-day stochastic at 87.64% and the average true range at 0.1220, the RSI (14) stands at 61.75%. The stock has reached -0.0167 on the 9-day MACD Oscillator while the 14-day reading was at -0.0548.
Analyst Ratings
Telsey Advisory Group upgraded Allbirds Inc. (NASDAQ: BIRD) to a an Outperform rating in its most recent analyst report. Previously, the stock was rated as a Market perform. The consensus rating for Allbirds Inc. (BIRD) among analysts is Hold. According to current brokerage recommendations, 0 brokerage firms advise that investors sell BIRD, while 10 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 1 others rate it as a “buy”.
What is BIRD’s price target for the next 12 months?
Analysts predict a range of price targets between $1.00 and $3.50, with a median target of $2.00. Taking a look at these predictions, the average price target given by analysts for Allbirds Inc. (BIRD) stock is $1.93.
