As of Thursday close, Allbirds Inc.’s (NASDAQ:BIRD) stock was down -$0.1, moving down -8.00 percent to $1.15. The average number of shares traded per day over the past five days has been 940,640 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.2100 fall in that time frame. In the last twenty days, the average volume was 821,320, while in the previous 50 days, it was 1,335,872.
Since last month, BIRD stock retreated -10.85%. Shares of the company fell to $1.1500 on 09/21/23, the lowest level in the past month. A 52-week high of $3.68 was reached on 02/02/23 after having rallying from a 52-week low of $1.03. Since the beginning of this year, BIRD’s stock price has dropped by -52.48% or -$1.2700, and marked a new high 11 times. However, the stock has declined by -68.76% since its 52-week high.
BIRD stock investors should be aware that Allbirds Inc. (BIRD) stock had its last reported insider trading activity 17 days ago on Sep 05. Vernachio Joseph, the Chief Operating Officer of the company, disposed of 5,790 shares for $1.26 on Sep 05. It resulted in a $7,324 divestment by the insider. Vernachio Joseph sold 5,132 shares at an average price of $1.28 on Jun 02. The insider now owns 368,806 shares following the transaction. On May 22, Director LEVITAN DAN bought 1,304 shares at $1.17 apiece. The transaction was valued at $1,526.
Valuation Metrics
The stock’s beta is 1.73. Besides these, the trailing price-to-sales (P/S) ratio of 0.65, the price-to-book (PB) ratio of 0.66.
Financial Health
In the three months ended June 29, Allbirds Inc.’s quick ratio stood at 3.60, while its current ratio was 5.60, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 42.90% percent. In the year ended June 29, EBITDA margin amounted to -26.87%, whereas operating margins totaled -41.20%. Based on annual data, BIRD earned $129.63 million in gross profit and brought in $297.77 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -32.00%. Return on equity (ROE) for the past 12 months was -38.00%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. BIRD’s revenue fell -10.04% to $53.82 million during the quarter, while net income inched up to $70.15 million. While analysts expected Allbirds Inc. to report -$0.22 quarterly earnings, the actual figure was -$0.18 per share, beating the consensus estimate by 18.20%. During the quarter, the company generated -$24.66 million in EBITDA. The liabilities of Allbirds Inc. were 141.97 million at the end of its most recent quarter ended June 29, and its total debt was $110.58 million. The value of shareholders’ equity is $151.93 million.
Technical Picture
This quick technical analysis looks at Allbirds Inc.’s (BIRD) price momentum. With a historical volatility rate of 70.05%, the RSI 9-day stood at 29.84% on 21 September.
With respect to its five-day moving average, the current Allbirds Inc. price is down by -15.44% percent or -$0.2100. At present, BIRD shares trade -14.18% below its 20-day simple moving average and -8.00% percent below its 100-day simple moving average. However, the stock is currently trading approximately -9.45% below its SMA50 and -59.79% below its SMA200.
Stochastic coefficient K was 19.59% and Stochastic coefficient D was 21.33%, while ATR was 0.0785. Given the Stochastic reading of 0.00% for the 14-day period, the RSI (14) reading has been calculated as 35.75%. As of today, the MACD Oscillator reading stands at -0.0733, while the 14-day reading stands at -0.0686.
Analyst Ratings
Telsey Advisory Group upgraded its rating on Allbirds Inc. (NASDAQ: BIRD) to an Outperform in a note to investors on May 01, 2023. The analysts firm previously had a Market perform rating on the stock.Allbirds Inc. (BIRD) has been rated Hold by analysts. According to 0 brokerage firms, BIRD is a sell, and 11 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Allbirds Inc. stock as buy, with 1 recommending it as overweight.
With a median target price of $1.75, the current consensus forecast for the stock is $1.00 – $3.50. Based on these forecasts, analysts predict Allbirds Inc. (BIRD) will achieve an average price target of $1.88.
