Bluebird bio Inc (NASDAQ:BLUE) traded at $1.44 at close of the session on Monday, March 18, made an upward move of 1.41% on its previous day’s price.
Looking at the stock we see that its previous close was $1.42 and the beta (5Y monthly) reads 0.80 . In terms of its 52-week price range, BLUE has a high of $5.53 and a low of $0.88. The company’s stock has gained about 33.33% over that past 30 days.
Bluebird bio Inc has a market cap of $277.55 million and is expected to release its quarterly earnings report on Mar 27, 2024 – Apr 01, 2024. Estimates by analysts give the company expected earnings per share (EPS) of -$0.66, with the EPS growth for the year raised at -$1.72 for 2023 and -$1.77 for next year. These figures represent 49.30% and -2.90% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $16.62 million, with a low of $11.51 million and a high of $21.5 million. The median projection represents growth squeezing down to 26,706.50% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2023 is expected to hit $40.56 million, or 1,027.60% up from figures reported last year.
There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the BLUE stock, short term indicators assign the stock an average of Hold, while medium term indicators assign it an average of 50% Sell. Long term indicators on average place the stock in the category of 100% Sell.
Looking further, we note the current price level is 4.05% off its SMA20 and 14.22% from its 50-day simple moving average. The RSI (14) is pointing at 53.21 while the volatility over the past week is 10.44% and jumps to 14.14% over the past one month. The beta value is 0.76, while the average true range (ATR) is currently pointing at 0.17.
Coming back to Bluebird bio Inc (NASDAQ:BLUE), we note that the average 3-month trading volume was 13.36 million, while that of the preceding 10-day period stands at 10.4 million. Current shares outstanding are 192.74 million.
The insiders hold 1.51% of the company’s shares while institutions hold 67.23%. The data shows that short shares as of Feb 29, 2024, stood at 34.13 million at a short ratio of 3.35. This represents a 17.71% short interest in shares outstanding on Feb 29, 2024. Shares short rose in February from the previous month at 27.5 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 4.35% up in year-to-date price movement.
