The stock of Bird Global Inc. (NYSE:BRDS) increased by $0.73 on Tuesday to finish at $1.43, up 103.59 percent. The last five days have seen an average of 4,545,200 shares of common stock traded. 4 times new highs were reached in the current year, with a fall of -$3.0750. The average number of shares traded over the last 20 days was 1,248,955, while the average volume over the last 50 days totaled 589,988.
BRDS stock appreciated 24.35% since last month. On 09/19/23, the company’s shares reached a one-month low of $0.6850. The stock touched a high of $11.50 on 03/31/23, after rallying from a low of $0.69 in 52 weeks. The price of BRDS stock has declined by -68.26% or -$3.0750 this year, reaching a new high 4 times. Still, the stock price is down -87.57% from the 52-week high.
Insider Transactions
BRDS stock investors should be aware that Bird Global Inc. (BRDS) stock had its last reported insider trading activity 124 days ago on May 19. On May 19, Director VanderZanden Travis acquired 45,000 shares at $2.85 each. This transaction resulted in the insider spending $128,250. On May 19, Bitove John Ivan added 35,000 shares at a price of US$2.66. After the transaction, the insider now owns 4,337,392 shares. CEO Torchiana Shane had earlier bought 2,500 shares on May 19 for $2.74 a share. The transaction was completed for $6,850.
Financial Health
For the three months ended June 29, Bird Global Inc.’s quick ratio was 0.20, while its current ratio was 0.20, indicating its inability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 37.00% percent. Bird Global Inc.’s EBITDA margin for the year ended June 29 was -79.22%, whereas its operating margin stood at -37.70% for the same period. Based on annual data, it had gross profit of $34.7 million and revenue of $244.66 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. BRDS’s return on assets (ROA) during the last 12 months has been -43.00%. There was a -457.40% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -793.80%.
Earnings Surprise
According to Bird Global Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $47.35 million, while revenues fell by -41.01% to $29.54 million. It was predicted that Bird Global Inc.’s quarterly earnings would be -$0.73, but it ended up being -$1.25, beating the consensus by 41.60%. EBITDA was -$8.07 million for the quarter. At the end of Bird Global Inc.’s most recent quarter ended June 29, its liabilities totaled 205.94 million, while its total debt was $100.74 million. Equity owned by shareholders amounts to $12.93 million.
Technical Picture
Here’s a quick look at Bird Global Inc.’s (BRDS) price momentum from a technical perspective. As of 19 September, the RSI 9-day stood at 69.55%, suggesting the stock is Neutral, with a 384.90% historical volatility rate.
The stochastic %K and %D were 29.56% and 11.61% respectively, while the average true range (ATR) was 0.1982. Based on the 14-day stochastic reading of 81.42%, the RSI (14) reading is 58.46%. On the 9-day MACD Oscillator, the stock is at 0.0622.
Analyst Ratings
In its analyst report released on January 07, 2022, Goldman began covering Bird Global Inc. (NYSE: BRDS). The stock was rated as a Neutral by the brokerage firm. Analysts have assigned Bird Global Inc. (BRDS) an Hold rating. BRDS is a stock that is recommended for selling by 0 brokerage firms, while 1 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 0 others recommend it as a buy.
What is BRDS’s price target for the next 12 months?
The current consensus forecast for the stock is between $10.00 and $10.00, with a median target price of $10.00. In analyzing these forecasts, the average price target given by analysts for Bird Global Inc. (BRDS) is $10.00.
