Birkenstock Holding Plc (NYSE: BIRK) has a higher price-to-earnings ratio of 72.73x compared to its average ratio, The 36-month beta value for BIRK is at 2.19. Analysts have varying views on the stock, with 9 analysts rating it as a “buy,” 6 rating it as “overweight,” 4 as “hold,” and 0 as “sell.”
The public float for BIRK is 58.18M, and currently, shorts hold a 9.17% of that float. The average trading volume for BIRK on November 01, 2024 was 1.31M shares.
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BIRK) stock’s latest price update
Birkenstock Holding Plc (NYSE: BIRK)’s stock price has plunge by -1.56relation to previous closing price of 46.73. Nevertheless, the company has seen a -7.09% plunge in its stock price over the last five trading sessions. zacks.com reported 2024-10-30 that Birkenstock (BIRK) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
BIRK’s Market Performance
Birkenstock Holding Plc (BIRK) has experienced a -7.09% fall in stock performance for the past week, with a -3.06% drop in the past month, and a -17.78% drop in the past quarter. The volatility ratio for the week is 2.71%, and the volatility levels for the past 30 days are at 2.64% for BIRK. The simple moving average for the last 20 days is -6.82% for BIRK stock, with a simple moving average of -9.14% for the last 200 days.
Analysts’ Opinion of BIRK
Many brokerage firms have already submitted their reports for BIRK stocks, with BTIG Research repeating the rating for BIRK by listing it as a “Buy.” The predicted price for BIRK in the upcoming period, according to BTIG Research is $60 based on the research report published on October 10, 2024 of the current year 2024.
Telsey Advisory Group, on the other hand, stated in their research note that they expect to see BIRK reach a price target of $70, previously predicting the price at $63. The rating they have provided for BIRK stocks is “Outperform” according to the report published on August 23rd, 2024.
BofA Securities gave a rating of “Buy” to BIRK, setting the target price at $65 in the report published on July 25th of the current year.
BIRK Trading at -7.86% 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 -28.99% of loss for the given period.
Volatility was left at 2.64%, however, over the last 30 days, the volatility rate increased by 2.71%, as shares sank -3.04% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -27.02% lower at present.
During the last 5 trading sessions, BIRK fell by -7.09%, which changed the moving average for the period of 200-days by -7.96% in comparison to the 20-day moving average, which settled at $49.37. In addition, Birkenstock Holding Plc saw -5.60% 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 Klaus Baumann, who proposed sale 30,000 shares at the price of $46.43 back on Sep 13 ’24. After this action, Klaus Baumann now owns shares of Birkenstock Holding Plc, valued at $1,392,900 using the latest closing price.
Erik Massmann, the Officer of Birkenstock Holding Plc, proposed sale 35,000 shares at $44.79 during a trade that took place back on Sep 12 ’24, which means that Erik Massmann is holding shares at $1,567,650 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 5.24. 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 conclusion, Birkenstock Holding Plc (BIRK) has had a bad performance lately. Opinion on the stock among analysts is bullish, 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.
