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Bluebird bio Inc (BLUE) Stock Could Soon Reward Patient Investors

Bluebird bio Inc (NASDAQ: BLUE) is -27.54% lower on its value in year-to-date trading and has touched a low of $0.85 and a high of $5.53 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 BLUE stock was last observed hovering at around $0.94 in the last trading session, with the day’s gains setting it 0.06%.

Currently trading at $1.00, the stock is 6.00% and 4.14% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 8.5 million and changing 6.89% at the moment leaves the stock -44.84% off its SMA200. BLUE registered -70.76% loss for a year compared to 6-month loss of -29.58%.

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The stock witnessed a 9.35% gain in the last 1 month and extending the period to 3 months gives it a -13.79%, and is 2.53% up 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 6.38% over the week and 7.88% over the month.

Profit margin for the company is -419.62%. Distance from 52-week low is 18.34% and -81.92% from its 52-week high. The company has generated returns on investments over the last 12 months (-20.06%).

The EPS is expected to grow by 3.31% this year.

Bluebird bio Inc (BLUE) Top Institutional Holders

The shares outstanding are 192.74M, and float is at 189.84M with Short Float at 15.53%.

Bluebird bio Inc (BLUE) Insider Activity

The most recent transaction is an insider sale by Klima Thomas J. SEC filings show that Klima Thomas J sold 3,834 shares of the company’s common stock on Jun 03 ’24 at a price of $0.97 per share for a total of $3726.0. Following the sale, the insider now owns 0.12 million shares.

Bluebird bio Inc disclosed in a document filed with the SEC on Mar 04 ’24 that Obenshain Andrew (President and CEO) sold a total of 6,095 shares of the company’s common stock. The trade occurred on Mar 04 ’24 and was made at $1.53 per share for $9311.0. Following the transaction, the insider now directly holds 0.28 million shares of the BLUE stock.

Still, SEC filings show that on Mar 04 ’24, Klima Thomas J () disposed off 4,573 shares at an average price of $1.53 for $6986.0. The insider now directly holds 124,840 shares of Bluebird bio Inc (BLUE).

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