Blue Bird Corp (NASDAQ:BLBD) traded with an addition of $0.38 to close at $21.41on Friday, an upside of 1.81 percent. An average of 342,010 shares of common stock have been traded in the last five days. There was a gain of $1.92 in the past week, and it reached a new high 34 times over the past 12 months. The last 20 days have seen an average of 418,732 shares traded, while the 50-day average volume stands at 322,707.
BLBD stock has decreased by -0.56% in the last month. The company shares reached their 1-month lowest point of $18.73 on 09/19/23. 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 99.91% or $10.66 in price. In spite of this, the price is down -25.66% from the 52-week high.
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Insider Transactions
BLBD stock investors should be aware that Blue Bird Corp (BLBD) stock had its last reported insider trading activity 15 days ago on Sep 14. In this transaction, the insider spent $26,512,500. Director, Coliseum Capital Management, L, disposed of 1,237,500 shares at a price of $21.00 on Sep 14. The insider now owns more than $25,987,500 worth of shares. Prior to that, Director Coliseum Capital Management, L went on to Sale 3,450,000 shares at $20.00 each on Jun 12. An amount of $69,000,000 was transacted.
Valuation Metrics
Blue Bird Corp (BLBD) has a trailing price-to-earnings (P/E) ratio of N/A for the broader industry. The stock’s beta is 1.28. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.63, the price-to-book (PB) ratio at 65.85, and the price-to-cash flow ratio at 6.72.
Financial Health
The quick ratio of Blue Bird Corp for the three months ended June 29 was 0.33, and the current ratio was 0.92, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 11.14 and a total debt to equity ratio of 13.09 for the quarter ending June 29. 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 Corp 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 Corp’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 Corp (BLBD) price momentum. RSI 9-day as of the close on 28 September was 62.65%, suggesting the stock is Neutral, with historical volatility in this time frame at 24.04%.
As of today, BLBD’s price is $20.56 +9.90% or $1.92 from its 5-day moving average. BLBD is currently trading -2.17% lower than its 20-day SMA and +8.23% higher than its 100-day SMA. However, the stock’s current price level is -3.46% below the SMA50 and +73.08% above the SMA200.
The stochastic %K and %D were 61.03% and 44.72%, respectively, and the average true range (ATR) was 0.78. With the 14-day stochastic at 90.89% and the average true range at 0.84, the RSI (14) stands at 56.30%. The stock has reached 0.91 on the 9-day MACD Oscillator while the 14-day reading was at 0.94.
Analyst Ratings
Barclays launched coverage on Blue Bird Corp (NASDAQ: BLBD) in its analyst report released on September 11, 2023. The firm assigned the stock an Overweight rating. The consensus rating for Blue Bird Corp (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 1 analysts, while 5 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 $25.00 and $34.00, with a median target of $26.25. Taking a look at these predictions, the average price target given by analysts for Blue Bird Corp (BLBD) stock is $27.58.
