Birkenstock Holding Plc (NYSE: BIRK)’s stock price has plunge by -2.02relation to previous closing price of 44.58. Nevertheless, the company has seen a -12.38% plunge in its stock price over the last five trading sessions. fool.com reported 2024-09-09 that Birkenstock didn’t grow direct-to-consumer revenue as much as investors hoped, which modestly affected sales and profits. The company is still setting records and has great margins, so it’s worth paying attention to for now.
Is It Worth Investing in Birkenstock Holding Plc (NYSE: BIRK) Right Now?
The price-to-earnings ratio for Birkenstock Holding Plc (NYSE: BIRK) is above average at 69.06x, Analysts have differing opinions on the stock, with 8 analysts rating it as a “buy,” 5 as “overweight,” 4 as “hold,” and 0 as “sell.”
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The public float for BIRK is 58.18M, and currently, short sellers hold a 6.92% ratio of that floaft. The average trading volume of BIRK on September 10, 2024 was 1.33M shares.
BIRK’s Market Performance
BIRK stock saw a decrease of -12.38% in the past week, with a monthly decline of -25.30% and a quarterly a decrease of -25.68%. The volatility ratio for the week is 4.01%, and the volatility levels for the last 30 days are 3.50% for Birkenstock Holding Plc (BIRK). The simple moving average for the past 20 days is -23.21% for BIRK’s stock, with a -13.28% simple moving average for the past 200 days.
Analysts’ Opinion of BIRK
Many brokerage firms have already submitted their reports for BIRK stocks, with Telsey Advisory Group repeating the rating for BIRK by listing it as a “Outperform.” The predicted price for BIRK in the upcoming period, according to Telsey Advisory Group is $70 based on the research report published on August 23, 2024 of the current year 2024.
BofA Securities, on the other hand, stated in their research note that they expect to see BIRK reach a price target of $65, previously predicting the price at $62. The rating they have provided for BIRK stocks is “Buy” according to the report published on July 25th, 2024.
UBS gave a rating of “Buy” to BIRK, setting the target price at $85 in the report published on July 01st of the current year.
BIRK Trading at -22.48% 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 -32.57% of loss for the given period.
Volatility was left at 3.50%, however, over the last 30 days, the volatility rate increased by 4.01%, as shares sank -26.39% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -20.64% lower at present.
During the last 5 trading sessions, BIRK fell by -13.38%, which changed the moving average for the period of 200-days by -0.51% in comparison to the 20-day moving average, which settled at $56.11. In addition, Birkenstock Holding Plc saw -10.37% 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 BIRK starting from Christian Heesch, who proposed sale 25,000 shares at the price of $61.97 back on Aug 30 ’24. After this action, Christian Heesch now owns shares of Birkenstock Holding Plc, valued at $1,549,250 using the latest closing price.
Kahan David, the Officer of Birkenstock Holding Plc, proposed sale 161,153 shares at $50.90 during a trade that took place back on Aug 30 ’24, which means that Kahan David is holding shares at $8,202,688 based on the most recent closing price.
Stock Fundamentals for BIRK
Current profitability levels for the company are sitting at:
- 0.21 for the present operating margin
- 0.59 for the gross margin
The net margin for Birkenstock Holding Plc stands at 0.06. The total capital return value is set at 0.08. Equity return is now at value 4.42, with 2.26 for asset returns.
Based on Birkenstock Holding Plc (BIRK), the company’s capital structure generated 0.36 points at debt to capital in total, while cash flow to debt ratio is standing at 0.26. The debt to equity ratio resting at 0.57. The interest coverage ratio of the stock is 2.37.
Currently, EBITDA for the company is 378.12 million with net debt to EBITDA at 2.48. When we switch over and look at the enterprise to sales, we see a ratio of 4.97. The receivables turnover for the company is 8.2for 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 2.91.
Conclusion
In a nutshell, Birkenstock Holding Plc (BIRK) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
