Birkenstock Holding Plc (BIRK) Shares Plummet Below 1-Year High

Birkenstock Holding Plc (NYSE: BIRK)’s stock price has decreased by -2.19 compared to its previous closing price of 56.29. However, the company has seen a -0.72% decrease in its stock price over the last five trading sessions. zacks.com reported 2024-07-10 that Here is how Birkenstock (BIRK) and iPower Inc. (IPW) have performed compared to their sector so far this year.

Is It Worth Investing in Birkenstock Holding Plc (NYSE: BIRK) Right Now?

The price-to-earnings ratio for Birkenstock Holding Plc (NYSE: BIRK) is 94.85x, which is above its average ratio. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”

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The public float for BIRK is 25.19M and currently, short sellers hold a 14.88% of that float. On July 11, 2024, BIRK’s average trading volume was 996.17K shares.

BIRK’s Market Performance

The stock of Birkenstock Holding Plc (BIRK) has seen a -0.72% decrease in the past week, with a -4.87% drop in the past month, and a 21.79% gain in the past quarter. The volatility ratio for the week is 2.70%, and the volatility levels for the past 30 days are at 3.01% for BIRK. The simple moving average for the last 20 days is -4.79% for BIRK stock, with a simple moving average of 16.42% for the last 200 days.

Analysts’ Opinion of BIRK

Many brokerage firms have already submitted their reports for BIRK stocks, with UBS repeating the rating for BIRK by listing it as a “Buy.” The predicted price for BIRK in the upcoming period, according to UBS is $85 based on the research report published on July 01, 2024 of the current year 2024.

Citigroup, on the other hand, stated in their research note that they expect to see BIRK reach a price target of $65. The rating they have provided for BIRK stocks is “Buy” according to the report published on July 01st, 2024.

Exane BNP Paribas gave a rating of “Outperform” to BIRK, setting the target price at $68 in the report published on June 20th of the current year.

BIRK Trading at 4.74% from the 50-Day Moving Average

After a stumble in the market that brought BIRK to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -10.95% of loss for the given period.

Volatility was left at 3.01%, however, over the last 30 days, the volatility rate increased by 2.70%, as shares sank -6.31% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +21.14% upper at present.

During the last 5 trading sessions, BIRK fell by -0.72%, in comparison to the 20-day moving average, which settled at $57.65. In addition, Birkenstock Holding Plc saw 12.99% in overturn over a single year, with a tendency to cut further gains.

Stock Fundamentals for BIRK

Current profitability levels for the company are sitting at:

  • 0.19 for the present operating margin
  • 0.6 for the gross margin

The net margin for Birkenstock Holding Plc stands at 0.06. The total capital return value is set at 0.07. Equity return is now at value 3.39, with 1.68 for asset returns.

Based on Birkenstock Holding Plc (BIRK), the company’s capital structure generated 0.35 points at debt to capital in total, while cash flow to debt ratio is standing at 0.25. The debt to equity ratio resting at 0.53. The interest coverage ratio of the stock is 2.4.

Currently, EBITDA for the company is 378.12 million with net debt to EBITDA at 3.27. When we switch over and look at the enterprise to sales, we see a ratio of 6.65. The receivables turnover for the company is 7.78for trailing twelve months and the total asset turnover is 0.34. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.87.

Conclusion

To wrap up, the performance of Birkenstock Holding Plc (BIRK) has been mixed in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.

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