Birkenstock Holding Plc [BIRK] stock prices are up 3.73% to $57.31 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The BIRK shares have lost -1.39% over the last week, with a monthly amount glided 4.09%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Birkenstock Holding Plc [NYSE: BIRK] stock has seen the most recent analyst activity on July 25, 2024, when BofA Securities upgraded its rating to a Buy and also boosted its price target to $65 from $62. Previously, UBS upgraded its rating to Buy on July 01, 2024, and elevated its price target to $85. Goldman downgraded its rating to Neutral for this stock on June 12, 2024, and upped its price target to $58. In a note dated May 31, 2024, Telsey Advisory Group reiterated an Outperform rating on this stock and boosted its target price from $56 to $63.
The stock price of Birkenstock Holding Plc [BIRK] has been fluctuating between $35.83 and $61.83 over the past year. Currently, Wall Street analysts expect the stock to reach $65.08 within the next 12 months. Birkenstock Holding Plc [NYSE: BIRK] shares were valued at $57.31 at the most recent close of the market. An investor can expect a potential return of 13.56% based on the average BIRK price forecast.
Analyzing the BIRK fundamentals
The Birkenstock Holding Plc [NYSE:BIRK] reported sales of 1.77B for trailing twelve months, representing a surge of 22.35%. Gross Profit Margin for this corporation currently stands at 0.6% with Operating Profit Margin at 0.19%, Pretax Profit Margin comes in at 0.12%, and Net Profit Margin reading is 0.06%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.04 and Total Capital is 0.07. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.53.
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 55.91 points at the first support level, and at 54.51 for the second support level. However, for the 1st resistance point, the stock is sitting at 58.06, and for the 2nd resistance point, it is at 58.81.
Ratios To Look Out For
It’s worth pointing out that Birkenstock Holding Plc [NYSE:BIRK]’s Current Ratio is 2.87. In addition, the Quick Ratio stands at 1.13 and the Cash Ratio stands at 0.47. Considering the valuation of this stock, the price to sales ratio is 6.08, the price to book ratio is 3.90 and price to earnings (TTM) ratio is 98.73.
