The stock of Allbirds Inc (NASDAQ: BIRD) has decreased by -6.86 when compared to last closing price of 0.67.Despite this, the company has seen a gain of 13.06% in its stock price over the last five trading days. GlobeNewsWire reported 2024-04-17 that SAN FRANCISCO, April 17, 2024 (GLOBE NEWSWIRE) — Allbirds, Inc. (NASDAQ: BIRD), a global lifestyle brand that innovates with naturally derived materials to make better footwear and apparel products in a better way, today announced that its first quarter 2024 financial results will be released after market close on Wednesday, May 8, 2024. The company will host a conference call to discuss the results at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on the same day.
Is It Worth Investing in Allbirds Inc (NASDAQ: BIRD) Right Now?
The 36-month beta value for BIRD is also noteworthy at 1.84. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for BIRD is 97.42M, and at present, short sellers hold a 11.64% of that float. The average trading volume of BIRD on May 09, 2024 was 1.12M shares.
BIRD’s Market Performance
BIRD’s stock has seen a 13.06% increase for the week, with a -1.59% drop in the past month and a -33.17% fall in the past quarter. The volatility ratio for the week is 8.87%, and the volatility levels for the past 30 days are at 10.23% for Allbirds Inc The simple moving average for the past 20 days is 0.76% for BIRD’s stock, with a -38.46% simple moving average for the past 200 days.
Analysts’ Opinion of BIRD
Many brokerage firms have already submitted their reports for BIRD stocks, with Telsey Advisory Group repeating the rating for BIRD by listing it as a “Outperform.” The predicted price for BIRD in the upcoming period, according to Telsey Advisory Group is $1.50 based on the research report published on May 01, 2023 of the previous year 2023.
TD Cowen, on the other hand, stated in their research note that they expect to see BIRD reach a price target of $1.50, previously predicting the price at $4. The rating they have provided for BIRD stocks is “Market Perform” according to the report published on March 13th, 2023.
BIRD Trading at -11.51% from the 50-Day Moving Average
After a stumble in the market that brought BIRD to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -66.12% of loss for the given period.
Volatility was left at 10.23%, however, over the last 30 days, the volatility rate increased by 8.87%, as shares sank -1.59% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -35.88% lower at present.
During the last 5 trading sessions, BIRD rose by +13.06%, which changed the moving average for the period of 200-days by -59.48% in comparison to the 20-day moving average, which settled at $0.6148. In addition, Allbirds Inc saw -49.39% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at BIRD starting from Vernachio Joseph, who sale 23,935 shares at the price of $0.91 back on Mar 01 ’24. After this action, Vernachio Joseph now owns 321,740 shares of Allbirds Inc, valued at $21,661 using the latest closing price.
Vernachio Joseph, the Chief Operating Officer of Allbirds Inc, sale 17,341 shares at $1.05 during a trade that took place back on Dec 04 ’23, which means that Vernachio Joseph is holding 345,675 shares at $18,173 based on the most recent closing price.
Stock Fundamentals for BIRD
Current profitability levels for the company are sitting at:
- -0.48 for the present operating margin
- 0.39 for the gross margin
The net margin for Allbirds Inc stands at -0.6. The total capital return value is set at -0.46. Equity return is now at value -60.73, with -38.26 for asset returns.
Based on Allbirds Inc (BIRD), the company’s capital structure generated 0.34 points at debt to capital in total, while cash flow to debt ratio is standing at -0.35. The debt to equity ratio resting at 0.51. The interest coverage ratio of the stock is -40.89.
Currently, EBITDA for the company is -97.85 million with net debt to EBITDA at 0.4. When we switch over and look at the enterprise to sales, we see a ratio of 0.24. The receivables turnover for the company is 31.03for trailing twelve months and the total asset turnover is 0.81. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.37.
Conclusion
In summary, Allbirds Inc (BIRD) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
