The stock of Blue Bird Corp (NASDAQ: BLBD) has increased by 2.42 when compared to last closing price of 53.62. Despite this, the company has experienced a 3.47% gain in its stock price over the last five trading sessions. zacks.com reported 2024-05-24 that The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock’s price.
Is It Worth Investing in Blue Bird Corp (NASDAQ: BLBD) Right Now?
Blue Bird Corp (NASDAQ: BLBD) has a higher price-to-earnings ratio of 22.37x compared to its average ratio. BLBD has 36-month beta value of 1.59. Analysts have mixed views on the stock, with 3 analysts rating it as a “buy,” 1 as “overweight,” 0 as “hold,” and 0 as “sell.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for BLBD is 31.66M, and currently, short sellers hold a 3.30% ratio of that float. The average trading volume of BLBD on May 24, 2024 was 540.81K shares.
BLBD’s Market Performance
The stock of Blue Bird Corp (BLBD) has seen a 3.47% increase in the past week, with a 61.70% rise in the past month, and a 70.14% gain in the past quarter. The volatility ratio for the week is 4.02%, and the volatility levels for the past 30 days are at 4.44% for BLBD. The simple moving average for the past 20 days is 24.04% for BLBD’s stock, with a 99.56% simple moving average for the past 200 days.
Analysts’ Opinion of BLBD
Many brokerage firms have already submitted their reports for BLBD stocks, with Needham repeating the rating for BLBD by listing it as a “Buy.” The predicted price for BLBD in the upcoming period, according to Needham is $44 based on the research report published on February 29, 2024 of the current year 2024.
Barclays, on the other hand, stated in their research note that they expect to see BLBD reach a price target of $25. The rating they have provided for BLBD stocks is “Overweight” according to the report published on September 11th, 2023.
BLBD Trading at 40.49% from the 50-Day Moving Average
After a stumble in the market that brought BLBD to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -2.64% of loss for the given period.
Volatility was left at 4.44%, however, over the last 30 days, the volatility rate increased by 4.02%, as shares surge +61.91% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +71.66% upper at present.
During the last 5 trading sessions, BLBD rose by +3.62%, which changed the moving average for the period of 200-days by +163.92% in comparison to the 20-day moving average, which settled at $45.33. In addition, Blue Bird Corp saw 103.71% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at BLBD starting from Smith Britton, who sale 6,228 shares at the price of $33.49 back on Feb 29 ’24. After this action, Smith Britton now owns 87,250 shares of Blue Bird Corp, valued at $208,607 using the latest closing price.
Radulescu Razvan, the Chief Financial Officer of Blue Bird Corp, sale 15,662 shares at $30.49 during a trade that took place back on Feb 22 ’24, which means that Radulescu Razvan is holding 97,362 shares at $477,534 based on the most recent closing price.
Stock Fundamentals for BLBD
Current profitability levels for the company are sitting at:
- 0.1 for the present operating margin
- 0.18 for the gross margin
The net margin for Blue Bird Corp stands at 0.06. The total capital return value is set at 0.52. Equity return is now at value 153.15, with 19.53 for asset returns.
Based on Blue Bird Corp (BLBD), the company’s capital structure generated 0.48 points at debt to capital in total, while cash flow to debt ratio is standing at 1.32. The debt to equity ratio resting at 0.93. The interest coverage ratio of the stock is 8.14.
Currently, EBITDA for the company is 60.33 million with net debt to EBITDA at 0.04. When we switch over and look at the enterprise to sales, we see a ratio of 1.41. The receivables turnover for the company is 110.36for trailing twelve months and the total asset turnover is 2.76. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.23.
Conclusion
To put it simply, Blue Bird Corp (BLBD) has had a better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
