Bird Global Inc. (NYSE:BRDS) saw an upside of 4.55% to close Friday at $1.15 after adding $0.05 on the day. The 5-day average trading volume is 280,300 shares of the company’s common stock. It has gained $1.7100 in the past week and touched a new high 1 time within the past 5 days. An average of 155,010 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 162,446.
BRDS’s 1-month performance is -52.08% or -$1.4500 on its low of $1.0500 reached on 08/17/23. The company’s shares have touched a 52-week low of $1.05 and high of $14.00, with the stock’s rally to the 52-week high happening on 03/31/23. YTD, BRDS has lost -74.47% or -$3.3550 and has reached a new high 4 times. However, the current price is down -91.79% from the 52-week high price.
Insider Transactions
BRDS stock investors last saw insider trading activity on May 19.Ling Yibo (Chief Financial Officer) most recently sold 200,365 shares at $0.43 per share on Sep 06. This transaction cost the insider $85,616. General Counsel and Secretary, Murison Lisa, sold 37,598 shares at a price of $0.43 on Sep 06. Then, on Sep 06, Chief Vehicle Officer Rushforth William S sold 30,978 shares at a price of $0.43 per share. This transaction amounted to $13,237.
Valuation Metrics
BRDS stock has a beta of 2.67. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.06.
Bird Global Inc.’s quick ratio for the period ended June 29 was 0.20, with the current ratio over the same period at 0.20. In terms of profitability, the gross margin trailing 12 months is 29.60%. The trailing 12-month EBITDA margin is -79.22%. The firm’s gross profit as reported stood at $34.7 million against revenue of $244.66 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 -3340.6% to -$9.31 million, while revenue of -$44.32 million was -376.05% off the previous quarter. Analysts expected BRDS to announce -$1.25 per share in earnings in its latest quarter, but it posted -$0.73, representing a 41.60% surprise. EBITDA for the quarter stood at more than -$8.07 million. BRDS stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 205.94 million, with total debt at $100.74 million. Shareholders hold equity totaling $12.93 million.
Let’s look briefly at Bird Global Inc. (BRDS) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 18 August was 18.26% to suggest the stock is trending oversold, with historical volatility in this time period at 76.99%.
The stock’s 5-day moving average is $1.3580, reflecting a -33.14% or -$0.5700 change from its current price. BRDS is currently trading -52.28% above its 20-day SMA, -66.25% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -48.66% and SMA200 by-89.41%.
Stochastic %K and %D was 3.38% and 2.95% and the average true range (ATR) pointed at 0.2121. The RSI (14) points at 25.83%, while the 14-day stochastic is at 6.25% with the period’s ATR at 0.2189. The stock’s 9-day MACD Oscillator is pointing at -0.4278 and -0.7598 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Bird Global Inc. (NYSE: BRDS), Goldman launched coverage with a Neutral rating. Analysts offering their rating for BRDS stock have a consensus rating for the stock as Hold. Currently, 0 brokerage advisors rate BRDS as a “sell,”, while 1 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 0 have offered a “buy” rating.
What is BRDS’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $10.00 and a high of $10.00, with their median price target at $10.00. Looking at these predictions, the average price target given by analysts is for Bird Global Inc. (BRDS) stock is $10.00.
