Blue Bird Corporation (NASDAQ:BLBD) finished Friday with an addition of $1.08 to close at $21.10, an upside of 5.39 percent. An average of 446,700 shares of common stock have been traded in the last five days. There was a gain of $0.60 in the past week, and it reached a new high 25 times over the past 12 months. The last 20 days have seen an average of 285,555 shares traded, while the 50-day average volume stands at 395,674.
BLBD stock has decreased by -7.09% in the last month. The company shares reached their 1-month lowest point of $18.93 on 08/10/23. With the stock rallying to its 52-week high on 05/23/23, shares of the company touched a low of $7.14 and a high of $28.80 in 52 weeks. It has reached a new high 23 times so far this year and achieved 97.01% or $10.39 in price. In spite of this, the price is down -26.74% from the 52-week high.
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Insider Transactions
BLBD stock investors should be aware that Blue Bird Corporation (BLBD) stock had its last reported insider trading activity 61 days ago on Jun 12. In this transaction, the insider spent $69,000,000. 10% Owner, ASP BB Holdings LLC, disposed of 1,725,000 shares at a price of $20.00 on Jun 12. The insider now owns more than $34,500,000 worth of shares. Prior to that, Director Horlock Phil went on to Sale 14,749 shares at $22.00 each on Mar 08. An amount of $324,478 was transacted.
Valuation Metrics
Blue Bird Corporation (BLBD) stock’s beta is 1.30. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.67, and the price-to-cash flow ratio at 26.87.
Financial Health
The quick ratio of Blue Bird Corporation for the three months ended June 29 was 0.20, and the current ratio was 0.90, indicating that the company is not able to meet its debt obligations. Blue Bird Corporation’s EBITDA margin for the year ending June 29 is -3.16%, while its operating margin for the same period stands at -2.00%. Its gross profit as reported stood at $36.55 million compared to revenue of $800.64 million.
Earnings Surprise
For the three-month period that ended June 29, Blue Bird Corporation had $115.15 million in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $9.36 million in the quarter, while revenues of $7.13 million were grew 168.8%. The analyst consensus anticipated Blue Bird Corporation’s latest quarter earnings to come in at $0.25 per share, but it turned out to be $0.44, a 76.00% surprise. For the quarter, EBITDA amounted to $24.73 million. Shareholders own equity worth $32.15 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Blue Bird Corporation (BLBD) price momentum. RSI 9-day as of the close on 11 August was 50.94%, suggesting the stock is Neutral, with historical volatility in this time frame at 44.14%.
As of today, BLBD’s price is $20.81 +2.93% or $0.60 from its 5-day moving average. BLBD is currently trading -6.72% lower than its 20-day SMA and +10.13% higher than its 100-day SMA. However, the stock’s current price level is -16.80% below the SMA50 and +168.79% above the SMA200.
The stochastic %K and %D were 44.41% and 36.22%, respectively, and the average true range (ATR) was 1.16. With the 14-day stochastic at 66.77% and the average true range at 1.11, the RSI (14) stands at 48.47%. The stock has reached -0.04 on the 9-day MACD Oscillator while the 14-day reading was at -0.12.
Analyst Ratings
DA Davidson launched coverage on Blue Bird Corporation (NASDAQ: BLBD) in its analyst report released on June 29, 2022. The firm assigned the stock a Buy rating. The consensus rating for Blue Bird Corporation (BLBD) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell BLBD, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 3 others rate it as a “buy”.
What is BLBD’s price target for the next 12 months?
Analysts predict a range of price targets between $26.00 and $34.00, with a median target of $29.00. Taking a look at these predictions, the average price target given by analysts for Blue Bird Corporation (BLBD) stock is $29.67.
