Bluebird bio Inc [BLUE] stock prices are up 13.45% to $1.02 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The BLUE shares have gain 6.29% over the last week, with a monthly amount glided 3.70%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Bluebird bio Inc [NASDAQ: BLUE] stock has seen the most recent analyst activity on December 11, 2023, when HSBC Securities downgraded its rating to a Reduce. Previously, Morgan Stanley upgraded its rating to Equal-Weight on December 08, 2023, and elevated its price target to $7. On October 17, 2023, Cantor Fitzgerald initiated with a Neutral rating. HSBC Securities started tracking the stock assigning a Buy rating and suggested a price target of $4.21 on September 06, 2023. BofA Securities upgraded its rating to a Buy and raised its price target to $10 on July 19, 2023. Barclays upgraded its rating to Overweight for this stock on June 01, 2023, and upped its price target to $8. In a note dated April 28, 2023, JP Morgan initiated an Overweight rating and provided a target price of $7 on this stock.
The stock price of Bluebird bio Inc [BLUE] has been fluctuating between $0.85 and $5.53 over the past year. Currently, Wall Street analysts expect the stock to reach $14.13 within the next 12 months. Bluebird bio Inc [NASDAQ: BLUE] shares were valued at $1.02 at the most recent close of the market. An investor can expect a potential return of 1285.29% based on the average BLUE price forecast.
Analyzing the BLUE fundamentals
The Bluebird bio Inc [NASDAQ:BLUE] reported sales of 21.73M for trailing twelve months, representing a surge of 17353.52%. Gross Profit Margin for this corporation currently stands at -0.1% with Operating Profit Margin at -6.27%, Pretax Profit Margin comes in at -4.2%, and Net Profit Margin reading is -3.61%. To continue investigating profitability, this company’s Return on Assets is posted at -0.13, Equity is -0.29 and Total Capital is -0.3. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.36.
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 0.9333 points at the first support level, and at 0.8467 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.0733, and for the 2nd resistance point, it is at 1.1267.
Ratios To Look Out For
It’s worth pointing out that Bluebird bio Inc [NASDAQ:BLUE]’s Current Ratio is 1.55. On the other hand, the Quick Ratio is 1.42, and the Cash Ratio is 1.04. Considering the valuation of this stock, the price to sales ratio is 9.05, the price to book ratio is 0.49.
Transactions by insiders
Recent insider trading involved Klima Thomas J,, that happened on Jun 03 ’24 when 3834.0 shares were sold. President and CEO, Obenshain Andrew completed a deal on Mar 04 ’24 to sell 6095.0 shares. Meanwhile, Klima Thomas J sold 4573.0 shares on Mar 04 ’24.
