A share price of Birkenstock Holding Plc [BIRK] is currently trading at $63.03, up 2.32%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The BIRK shares have gain 5.83% over the last week, with a monthly amount glided 13.53%, 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.
Birkenstock Holding Plc experienced fluctuations in its stock price throughout the past year between $35.83 and $63.89. 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 $63.03 at the most recent close of the market. An investor can expect a potential return of 3.25% based on the average BIRK price forecast.
Analyzing the BIRK fundamentals
Trailing Twelve Months sales for Birkenstock Holding Plc [NYSE:BIRK] were 1.77B which represents 22.35% growth. 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 62.16 points at the first support level, and at 61.29 for the second support level. However, for the 1st resistance point, the stock is sitting at 63.61, and for the 2nd resistance point, it is at 64.20.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Birkenstock Holding Plc [NYSE:BIRK] is 2.87. Also, the Quick Ratio is 1.13, while the Cash Ratio stands at 0.47. Considering the valuation of this stock, the price to sales ratio is 6.69, the price to book ratio is 4.29 and price to earnings (TTM) ratio is 108.58.
