At the time of writing, Allbirds Inc [BIRD] stock is trading at $0.60, down -11.78%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The BIRD shares have gain 19.96% over the last week, with a monthly amount glided 9.05%, and 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.
For the past year, the stock price of Allbirds Inc fluctuated between $0.45 and $1.83. Currently, Wall Street analysts expect the stock to reach $3.5 within the next 12 months. Allbirds Inc [NASDAQ: BIRD] shares were valued at $0.60 at the most recent close of the market. An investor can expect a potential return of 483.33% based on the average BIRD price forecast.
Analyzing the BIRD fundamentals
According to Allbirds Inc [NASDAQ:BIRD], the company’s sales were 239.04M for trailing twelve months, which represents an -27.64% plunge. Gross Profit Margin for this corporation currently stands at 0.38% with Operating Profit Margin at -0.49%, Pretax Profit Margin comes in at -0.6%, and Net Profit Margin reading is -0.61%. To continue investigating profitability, this company’s Return on Assets is posted at -0.53, Equity is -0.68 and Total Capital is -0.52. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.5.
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 0.5332 points at the first support level, and at 0.4667 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.7031, and for the 2nd resistance point, it is at 0.8065.
Ratios To Look Out For
It is important to note that Allbirds Inc [NASDAQ:BIRD] has a current ratio of 3.97. Also, the Quick Ratio is 2.67, while the Cash Ratio stands at 2.2. Considering the valuation of this stock, the price to sales ratio is 0.40, the price to book ratio is 0.58.
Transactions by insiders
Recent insider trading involved LEVITAN DAN, Director, that happened on Jun 07 ’24 when 71175.0 shares were purchased. Director, LEVITAN DAN completed a deal on Jun 06 ’24 to buy 28825.0 shares. Meanwhile, Chief Financial Officer Mitchell Ann sold 62486.0 shares on Jun 03 ’24.
