Allbirds Inc. (NASDAQ: BIRD) is -81.50% lower on its value in year-to-date trading and has touched a low of $2.50 and a high of $22.33 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The BIRD stock was last observed hovering at around $2.71 in the last trading session, with the day’s gains setting it 0.08% off its average median price target of $5.00 for the next 12 months. It is also 69.0% off the consensus price target high of $9.00 offered by 13 analysts, but current levels are 7.0% higher than the price target low of $3.00 for the same period.
Currently trading at $2.79, the stock is -7.02% and -12.46% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.15 million and changing 2.95% at the moment leaves the stock -43.74% off its SMA200. BIRD registered -85.24% loss for a year compared to 6-month loss of -41.14%.
The stock witnessed a -18.90% gain in the last 1 month and extending the period to 3 months gives it a -37.02%, and is -3.46% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.66% over the week and 7.76% over the month.
Allbirds Inc. (BIRD) has around 710 employees, a market worth around $419.56M and $310.80M in sales. Profit margin for the company is -28.00%. Distance from 52-week low is 11.60% and -87.51% from its 52-week high. The company has generated returns on investments over the last 12 months (-8.50%).
Allbirds Inc. (BIRD) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Allbirds Inc. (BIRD) is a “Overweight”. 13 analysts offering their recommendations for the stock have an average rating of 2.00, where 5 rate it as a Hold and 1 think it is a “Overweight”. 7 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Allbirds Inc. is expected to release its quarterly report on 02/22/2023.The EPS is expected to shrink by -75.20% this year
Allbirds Inc. (BIRD) Top Institutional Holders
The shares outstanding are 149.27M, and float is at 95.47M with Short Float at 9.89%.
Allbirds Inc. (BIRD) Insider Activity
A total of 9 insider transactions have happened at Allbirds Inc. (BIRD) in the last six months, with sales accounting for 2 and purchases happening 7 times. The most recent transaction is an insider sale by Bufano Michael J, the company’s Chief Financial Officer. SEC filings show that Bufano Michael J sold 9,237 shares of the company’s common stock on Sep 01 at a price of $3.95 per share for a total of $36486.0. Following the sale, the insider now owns 0.35 million shares.
Allbirds Inc. disclosed in a document filed with the SEC on Sep 01 that Vernachio Joseph (Chief Operating Officer) sold a total of 5,902 shares of the company’s common stock. The trade occurred on Sep 01 and was made at $3.95 per share for $23313.0. Following the transaction, the insider now directly holds 0.19 million shares of the BIRD stock.
Still, SEC filings show that on May 17, Brown Timothy O. (Co-Chief Executive Officer) acquired 50,000 shares at an average price of $4.86 for $0.24 million. The insider now directly holds 50,000 shares of Allbirds Inc. (BIRD).
Allbirds Inc. (BIRD): Who are the competitors?
The company’s main competitors (and peers) include NIKE Inc. (NKE) that is trading -38.05% down over the past 12 months.