Allbirds Inc. (NASDAQ:BIRD) saw an upside of 1.53% to close Friday at $1.33 after adding $0.02 on the day. The 5-day average trading volume is 721,240 shares of the company’s common stock. It has gained $1.6000 in the past week and touched a new high 1 time within the past 5 days. An average of 1,267,540 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,534,860.
BIRD’s 1-month performance is -19.88% or -$0.2100 on its low of $1.2600 reached on 08/18/23. The company’s shares have touched a 52-week low of $1.03 and high of $4.87, with the stock’s rally to the 52-week high happening on 02/02/23. YTD, BIRD has lost -45.04% or -$1.0900 and has reached a new high 11 times. However, the current price is down -72.69% from the 52-week high price.
Insider Transactions
BIRD stock investors last saw insider trading activity on Jun 02.Vernachio Joseph (Chief Operating Officer) most recently sold 5,132 shares at $1.28 per share on Jun 02. This transaction cost the insider $6,569. Chief Financial Officer, Bufano Michael J, sold 10,570 shares at a price of $2.82 on Mar 02. Then, on Mar 02, Chief Operating Officer Vernachio Joseph sold 6,784 shares at a price of $2.82 per share. This transaction amounted to $19,131.
Valuation Metrics
BIRD stock has a beta of 1.73. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.71 while the price-to-book (PB) in the most recent quarter is 0.76.
Allbirds Inc.’s quick ratio for the period ended June 29 was 3.60, with the current ratio over the same period at 5.60. In terms of profitability, the gross margin trailing 12 months is 42.90%. The trailing 12-month EBITDA margin is -26.87% while for the period ending June 29, Allbirds Inc.’s operating margin was -41.20%. The firm’s gross profit as reported stood at $129.63 million against revenue of $297.77 million.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -1.49% to -$28.94 million, while revenue of -$35.17 million was -21.53% off the previous quarter. Analysts expected BIRD to announce -$0.22 per share in earnings in its latest quarter, but it posted -$0.18, representing a 18.20% surprise. EBITDA for the quarter stood at more than -$24.66 million. BIRD stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 141.97 million, with total debt at $110.58 million. Shareholders hold equity totaling $151.93 million.
Let’s look briefly at Allbirds Inc. (BIRD) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 18 August was 41.21% to suggest the stock is trending Neutral, with historical volatility in this time period at 155.40%.
The stock’s 5-day moving average is $1.3700, reflecting a -16.35% or -$0.2600 change from its current price. BIRD is currently trading -19.88% above its 20-day SMA, +8.13% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -1.48% and SMA200 by-61.34%.
Stochastic %K and %D was 10.90% and 17.15% and the average true range (ATR) pointed at 0.1159. The RSI (14) points at 44.74%, while the 14-day stochastic is at 14.14% with the period’s ATR at 0.1142. The stock’s 9-day MACD Oscillator is pointing at -0.1278 and -0.1129 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Allbirds Inc. (NASDAQ: BIRD), Telsey Advisory Group upgraded it to an Outperform rating. They previously had a Market perform rating on the stock. Analysts offering their rating for BIRD stock have a consensus rating for the stock as Hold. Currently, 0 brokerage advisors rate BIRD as a “sell,”, while 11 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 1 have offered a “buy” rating.
What is BIRD’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $1.00 and a high of $3.50, with their median price target at $1.75. Looking at these predictions, the average price target given by analysts is for Allbirds Inc. (BIRD) stock is $1.88.
