Currently, Allbirds Inc. [BIRD] is trading at $3.32, down -3.77%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The BIRD shares have lost -14.21% over the last week, with a monthly amount drifted -20.38%, and not seem to be holding up well over a long-time horizon.
On 16, August 2022, Allbirds Announces Appointment of Ann Freeman to its Board of Directors. In a post published today on Yahoo Finance, Allbirds, Inc. (Nasdaq: BIRD), a global lifestyle brand that innovates with naturally derived materials to make better footwear and apparel products in a better way, today announced the appointment of Ann Freeman as a member of the company’s board of directors, effective August 16, 2022.
From an analyst’s perspective:
Allbirds Inc. [NASDAQ: BIRD] stock has seen the most recent analyst activity on August 10, 2022, when Morgan Stanley downgraded its rating to a Equal-Weight and also revised its price target to $5 from $12. Previously, Piper Sandler started tracking the stock with Overweight rating on July 22, 2022, and set its price target to $10. On July 21, 2022, KeyBanc Capital Markets initiated with a Sector Weight rating. Stifel downgraded its rating to a Hold and decreased its price target to $5 on July 20, 2022. Wedbush initiated its recommendation with a Outperform and recommended $8 as its price target on April 29, 2022. Jefferies started tracking with a Hold rating for this stock on March 18, 2022, and assigned it a price target of $6. In a note dated February 24, 2022, Stifel reiterated an Buy rating on this stock and revised its target price from $25 to $20.
This stock has fluctuated between a low of $3.42 and a high of $32.44 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $6.68 within the next 12 months. Allbirds Inc. [NASDAQ: BIRD] shares were valued at $3.32 at the most recent close of the market. An investor can expect a potential return of 101.2% based on the average price forecast.
Analyzing the BIRD fundamentals
Recent quarter sales for Allbirds Inc. [NASDAQ:BIRD] were 78.17 billion which represents 15.20% growth. Gross Margin for this corporation currently stands at +49.18% with Operating Margin at -11.85%, Pretax Margin comes in at -16.06%, and Net Margin reading is -16.35%.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 3.23 points at the first support level, and at 3.15 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.45, and for the 2nd resistance point, it is at 3.59.
Allbirds Inc. [BIRD] reported earnings per share of -$0.15 for its fiscal quarter that ended on 3/30/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.12/share, meaning a difference of $-0.03 and a surprise factor of -25.00%. By comparison, the stated earnings for the previous quarter ended on 12/30/2021 were -$0.09 per share as compared to estimates of -$0.09 per share, a difference of $0 representing a surprise of 0.00%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Allbirds Inc. [NASDAQ:BIRD] is 6.30. In addition, the Quick Ratio stands at 4.16 and the Cash Ratio stands at 3.56. Considering the valuation of this stock, the price to sales ratio is 7.99, the price to book ratio is 5.59.
Transactions by insiders
In the past 3 months, 1 insiders have purchased 47,528 shares, and 0 have sold 0 shares. Recent insider trading involved Bufano Michael J, Chief Financial Officer, that happened on Sep 01 when 9237.0 shares were sold. Chief Operating Officer, Vernachio Joseph completed a deal on Sep 01 to sell 5902.0 shares. Meanwhile, Co-Chief Executive Officer Brown Timothy O. bought 50000.0 shares on May 17.