The stock price of Blue Bird Corp (NASDAQ: BLBD) has plunged by -7.52 when compared to previous closing price of 41.47, but the company has seen a -7.12% decline in its stock price over the last five trading sessions. zacks.com reported 2024-11-13 that Blue Bird (BLBD) closed at $41.47 in the latest trading session, marking a +1.94% move from the prior day.
Is It Worth Investing in Blue Bird Corp (NASDAQ: BLBD) Right Now?
The price-to-earnings ratio for Blue Bird Corp (NASDAQ: BLBD) is above average at 12.69x. The 36-month beta value for BLBD is also noteworthy at 1.60. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 1 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The public float for BLBD is 31.77M, and at present, short sellers hold a 10.76% of that float. The average trading volume of BLBD on November 15, 2024 was 670.28K shares.
BLBD’s Market Performance
BLBD stock saw a decrease of -7.12% in the past week, with a monthly decline of -16.05% and a quarterly a decrease of -20.02%. The volatility ratio for the week is 5.52%, and the volatility levels for the last 30 days are 4.78% for Blue Bird Corp (BLBD). The simple moving average for the last 20 days is -9.22% for BLBD stock, with a simple moving average of -12.82% for the last 200 days.
Analysts’ Opinion of BLBD
Many brokerage firms have already submitted their reports for BLBD stocks, with BTIG Research repeating the rating for BLBD by listing it as a “Buy.” The predicted price for BLBD in the upcoming period, according to BTIG Research is $55 based on the research report published on October 09, 2024 of the current year 2024.
ROTH MKM, on the other hand, stated in their research note that they expect to see BLBD reach a price target of $48. The rating they have provided for BLBD stocks is “Neutral” according to the report published on October 03rd, 2024.
Needham gave a rating of “Buy” to BLBD, setting the target price at $65 in the report published on July 17th of the current year.
BLBD Trading at -15.45% 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 -35.44% of loss for the given period.
Volatility was left at 4.78%, however, over the last 30 days, the volatility rate increased by 5.52%, as shares sank -15.49% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -21.33% lower at present.
During the last 5 trading sessions, BLBD fell by -7.12%, which changed the moving average for the period of 200-days by +31.65% in comparison to the 20-day moving average, which settled at $42.25. In addition, Blue Bird Corp saw 42.25% 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 Horlock Phil, who sale 29,708 shares at the price of $50.80 back on Sep 16 ’24. After this action, Horlock Phil now owns 299,812 shares of Blue Bird Corp, valued at $1,509,166 using the latest closing price.
Horlock Phil, the Chief Executive Officer of Blue Bird Corp, sale 30,044 shares at $49.20 during a trade that took place back on Sep 13 ’24, which means that Horlock Phil is holding 299,812 shares at $1,478,165 based on the most recent closing price.
Stock Fundamentals for BLBD
Current profitability levels for the company are sitting at:
- 0.11 for the present operating margin
- 0.19 for the gross margin
The net margin for Blue Bird Corp stands at 0.08. The total capital return value is set at 0.53. Equity return is now at value 134.71, with 23.19 for asset returns.
Based on Blue Bird Corp (BLBD), the company’s capital structure generated 0.41 points at debt to capital in total, while cash flow to debt ratio is standing at 0.94. The debt to equity ratio resting at 0.71. The interest coverage ratio of the stock is 11.28.
Currently, EBITDA for the company is 60.92 million with net debt to EBITDA at 0.06. When we switch over and look at the enterprise to sales, we see a ratio of 0.96. The receivables turnover for the company is 38.23for trailing twelve months and the total asset turnover is 2.78. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.40.
Conclusion
In summary, Blue Bird Corp (BLBD) has had a mixed performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others 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.
