Allbirds Inc [BIRD] stock prices are up 9.07% to $0.65 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The BIRD shares have gain 17.89% over the last week, with a monthly amount drifted -11.46%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Allbirds Inc [NASDAQ: BIRD] stock has seen the most recent analyst activity on May 01, 2023, when Telsey Advisory Group upgraded its rating to a Outperform but kept the price target unchanged to $1.50 for it. Previously, TD Cowen downgraded its rating to Market Perform on March 13, 2023, and dropped its price target to $1.50. On March 10, 2023, downgrade downgraded it’s rating to Mkt Perform. Telsey Advisory Group downgraded its rating to a Market Perform and decreased its price target to $2.25 on March 10, 2023. Guggenheim downgraded its rating to a Neutral. Wedbush downgraded its rating to Neutral for this stock on March 06, 2023, but kept the price target unchanged to $3. In a note dated February 07, 2023, BTIG Research initiated an Neutral rating.
The stock price of Allbirds Inc [BIRD] has been fluctuating between $0.54 and $1.83 over the past year. Currently, Wall Street analysts expect the stock to reach $3.5 within the next 12 months. Allbirds Inc [NASDAQ: BIRD] shares were valued at $0.65 at the most recent close of the market. An investor can expect a potential return of 438.46% based on the average BIRD price forecast.
Analyzing the BIRD fundamentals
The Allbirds Inc [NASDAQ:BIRD] reported sales of 254.07M for trailing twelve months, representing a drop of -14.48%. Gross Profit Margin for this corporation currently stands at 0.39% with Operating Profit Margin at -0.48%, Pretax Profit Margin comes in at -0.6%, and Net Profit Margin reading is -0.6%. To continue investigating profitability, this company’s Return on Assets is posted at -0.49, Equity is -0.63 and Total Capital is -0.46. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.51.
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 0.5785 points at the first support level, and at 0.5053 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.7475, and for the 2nd resistance point, it is at 0.8433.
Ratios To Look Out For
It’s worth pointing out that Allbirds Inc [NASDAQ:BIRD]’s Current Ratio is 4.37. On the other hand, the Quick Ratio is 3.18, and the Cash Ratio is 2.68. Considering the valuation of this stock, the price to sales ratio is 0.40, the price to book ratio is 0.55.
Transactions by insiders
Recent insider trading involved Vernachio Joseph, Chief Operating Officer, that happened on Mar 01 ’24 when 23935.0 shares were sold. Chief Operating Officer, Vernachio Joseph completed a deal on Dec 04 ’23 to sell 17341.0 shares. Meanwhile, Chief Financial Officer Mitchell Ann bought 10000.0 shares on Nov 13 ’23.
