Birkenstock Holding Plc (BIRK) Shares on the Rise: Short-term Analysis

Birkenstock Holding Plc [BIRK] stock is trading at $60.40, up 4.88%. An important factor to consider is whether the stock is rising or falling in short-term value. The BIRK shares have gain 9.70% over the last week, with a monthly amount glided 30.65%, 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 December 18, 2024, when BTIG Research reiterated its Buy rating and also boosted its price target to $70 from $60. Previously, Piper Sandler started tracking the stock with Overweight rating on December 10, 2024, and set its price target to $65. On December 03, 2024, upgrade upgraded it’s rating to Buy and revised its price target to $60 on the stock. BTIG Research started tracking the stock assigning a Buy rating and suggested a price target of $60 on October 10, 2024. Telsey Advisory Group reiterated its recommendation of a Outperform and raised its price target to $70 on August 23, 2024. BofA Securities upgraded its rating to Buy for this stock on July 25, 2024, and upped its price target to $65. In a note dated July 01, 2024, UBS upgraded an Buy rating on this stock and boosted its target price from $52 to $85.

Birkenstock Holding Plc [BIRK] stock has fluctuated between $41.00 and $64.78 over the past year. Currently, Wall Street analysts expect the stock to reach $72 within the next 12 months. Birkenstock Holding Plc [NYSE: BIRK] shares were valued at $60.40 at the most recent close of the market. An investor can expect a potential return of 19.21% based on the average BIRK price forecast.

Analyzing the BIRK fundamentals

Birkenstock Holding Plc [NYSE:BIRK] reported sales of 1.96B for the trailing twelve months, which represents a growth of 22.88%. Gross Profit Margin for this corporation currently stands at 0.58% with Operating Profit Margin at 0.24%, Pretax Profit Margin comes in at 0.16%, and Net Profit Margin reading is 0.11%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.07 and Total Capital is 0.1. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.44.

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 57.56 points at the first support level, and at 54.72 for the second support level. However, for the 1st resistance point, the stock is sitting at 62.16, and for the 2nd resistance point, it is at 63.91.

Ratios To Look Out For

For context, Birkenstock Holding Plc’s Current Ratio is 2.60. On the other hand, the Quick Ratio is 1.20, and the Cash Ratio is 0.79. Considering the valuation of this stock, the price to sales ratio is 6.08, the price to book ratio is 3.87 and price to earnings (TTM) ratio is 54.53.

Transactions by insiders

Recent insider trading involved Klaus Baumann, Officer, that happened on Sep 13 ’24 when 30000.0 shares were purchased. Officer, Erik Massmann completed a deal on Sep 12 ’24 to buy 35000.0 shares. Meanwhile, Officer Christian Heesch bought 25000.0 shares on Aug 30 ’24.

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