Should You Invest in Allbirds Inc (BIRD) Now?

The 36-month beta value for BIRD is at 1.89. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”

The public float for BIRD is 99.52M, and currently, shorts hold a 11.61% of that float. The average trading volume for BIRD on May 23, 2024 was 1.23M shares.

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BIRD) stock’s latest price update

Allbirds Inc (NASDAQ: BIRD) has seen a decline in its stock price by -6.31 in relation to its previous close of 0.70. However, the company has experienced a -14.17% decline in its stock price over the last five trading sessions. pymnts.com reported 2024-05-09 that Economic challenges have consumers pulling back on full-priced purchases, but Allbirds maintains that, if products are novel and relevant enough, shoppers will spring for non-discounted goods.

BIRD’s Market Performance

Allbirds Inc (BIRD) has experienced a -14.17% fall in stock performance for the past week, with a 3.06% rise in the past month, and a -29.32% drop in the past quarter. The volatility ratio for the week is 8.54%, and the volatility levels for the past 30 days are at 10.02% for BIRD. The simple moving average for the past 20 days is -0.14% for BIRD’s stock, with a -32.29% 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 -0.05% 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 -64.32% of loss for the given period.

Volatility was left at 10.02%, however, over the last 30 days, the volatility rate increased by 8.54%, as shares surge +9.40% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -10.18% lower at present.

During the last 5 trading sessions, BIRD fell by -11.44%, which changed the moving average for the period of 200-days by -47.36% in comparison to the 20-day moving average, which settled at $0.6568. In addition, Allbirds Inc saw -46.69% 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 Mitchell Ann, who purchase 10,000 shares at the price of $0.72 back on May 20 ’24. After this action, Mitchell Ann now owns 874,510 shares of Allbirds Inc, valued at $7,200 using the latest closing price.

Vernachio Joseph, the Chief Operating Officer of Allbirds Inc, sale 23,935 shares at $0.91 during a trade that took place back on Mar 01 ’24, which means that Vernachio Joseph is holding 321,740 shares at $21,661 based on the most recent closing price.

Stock Fundamentals for BIRD

Current profitability levels for the company are sitting at:

  • -0.49 for the present operating margin
  • 0.38 for the gross margin

The net margin for Allbirds Inc stands at -0.61. The total capital return value is set at -0.52. Equity return is now at value -64.55, with -41.22 for asset returns.

Based on Allbirds Inc (BIRD), the company’s capital structure generated 0.33 points at debt to capital in total, while cash flow to debt ratio is standing at -0.48. The debt to equity ratio resting at 0.5. The interest coverage ratio of the stock is 145.67.

Currently, EBITDA for the company is -97.85 million with net debt to EBITDA at 0.26. When we switch over and look at the enterprise to sales, we see a ratio of 0.33. The receivables turnover for the company is 15.91for trailing twelve months and the total asset turnover is 0.88. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.97.

Conclusion

In conclusion, Allbirds Inc (BIRD) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.

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