The stock of Allbirds Inc (NASDAQ: BIRD) has increased by 1.73 when compared to last closing price of 0.62.Despite this, the company has seen a gain of 0.68% in its stock price over the last five trading days. zacks.com reported 2024-07-19 that Allbirds, Inc. (BIRD) made it through our ‘Fast-Paced Momentum at a Bargain’ screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.
Is It Worth Investing in Allbirds Inc (NASDAQ: BIRD) Right Now?
Additionally, the 36-month beta value for BIRD is 1.77. 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.”
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The public float for BIRD is 102.03M and currently, short sellers hold a 8.73% ratio of that float. The average trading volume of BIRD on August 01, 2024 was 1.26M shares.
BIRD’s Market Performance
BIRD stock saw an increase of 0.68% in the past week, with a monthly gain of 32.01% and a quarterly increase of 15.81%. The volatility ratio for the week is 7.45%, and the volatility levels for the last 30 days are 11.14% for Allbirds Inc (BIRD). The simple moving average for the past 20 days is 2.76% for BIRD’s stock, with a -21.42% 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 7.27% 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 -63.81% of loss for the given period.
Volatility was left at 11.14%, however, over the last 30 days, the volatility rate increased by 7.45%, as shares surge +29.19% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -9.98% lower at present.
During the last 5 trading sessions, BIRD rose by +2.93%, which changed the moving average for the period of 200-days by -28.25% in comparison to the 20-day moving average, which settled at $0.6254. In addition, Allbirds Inc saw -48.16% 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 LEVITAN DAN, who purchase 71,175 shares at the price of $0.55 back on Jun 07 ’24. After this action, LEVITAN DAN now owns 289,080 shares of Allbirds Inc, valued at $38,933 using the latest closing price.
LEVITAN DAN, the Director of Allbirds Inc, purchase 28,825 shares at $0.54 during a trade that took place back on Jun 06 ’24, which means that LEVITAN DAN is holding 217,905 shares at $15,623 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 0.32. 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 seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
