Allbirds Inc (NASDAQ:BIRD) shares, rose in value, with the stock price down by -4.42% to the previous day’s close as strong demand from buyers drove the stock to $0.73.
Actively observing the price movement in the last trading, the stock closed the session at $0.76. The value of beta (5-year monthly) was 1.89. Referring to stock’s 52-week performance, its high was $1.83, and the low was $0.64. On the whole, BIRD has fluctuated by -26.50% over the past month.
With the market capitalization of Allbirds Inc currently standing at about $113.26 million, investors are eagerly awaiting this quarter’s results, scheduled for May 07, 2024 – May 13, 2024. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.22, which is expected to increase to -$0.17 for fiscal year -$0.74 and then to about -$0.61 by fiscal year 2025. Data indicates that the EPS growth is expected to be 2.60% in 2025, while the next year’s EPS growth is forecast to be 17.60%.
Analysts have estimated the company’s revenue for the quarter at $40 million, with a low estimate of $38.7 million and a high estimate of $41.2 million. According to the average forecast, sales growth in current quarter could jump down -26.40%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $220.48 million, representing a decrease of -13.20% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that BIRD’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of BIRD currently trading nearly -18.99% and -25.08% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 34.68, while the 7-day volatility ratio is showing 14.85% which for the 30-day chart, stands at 8.82%. Furthermore, Allbirds Inc (BIRD)’s beta value is 1.88, and its average true range (ATR) is 0.09.
A comparison of Allbirds Inc (BIRD) with its peers suggests the former has fared considerably weaker in the market. BIRD showed an intraday change of -4.42% in last session, and over the past year, it shrunk by -31.12%%.
Data on historical trading for Allbirds Inc (NASDAQ:BIRD) indicates that the trading volumes over the past 10 days have averaged 1.36 million and over the past 3 months, they’ve averaged 905.86K. According to company’s latest data on outstanding shares, there are 102.58 million shares outstanding.
Nearly 37.29% of Allbirds Inc’s shares belong to company insiders and institutional investors own 25.75% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 8.57 million shares as on Feb 29, 2024, resulting in a short ratio of 15.35. According to the data, the short interest in Allbirds Inc (BIRD) stood at 5.61% of shares outstanding as of Feb 29, 2024; the number of short shares registered in Jan 31, 2024 reached 7.49 million. The stock has fallen by -40.40% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the BIRD stock heading into the next quarter.
