Bluebird bio Inc (NASDAQ: BLUE) is -65.89% lower on its value in year-to-date trading and has touched a low of $0.46 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 $0.52 in the last trading session, with the day’s loss setting it -0.05%.
Currently trading at $0.47, the stock is -11.35% and -38.14% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.52 million and changing -9.39% at the moment leaves the stock -57.05% off its SMA200. BLUE registered -84.52% loss for a year compared to 6-month loss of -61.10%. The firm has a 50-day simple moving average (SMA 50) of $0.7476 and a 200-day simple moving average (SMA200) of $1.08305.
The stock witnessed a -16.17% gain in the last 1 month and extending the period to 3 months gives it a -49.01%, and is -5.86% 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 8.33% over the week and 8.73% over the month.
Bluebird bio Inc (BLUE) has around 375 employees, a market worth around $91.27M and $54.90M in sales. Profit margin for the company is -553.28%. Distance from 52-week low is 2.89% and -91.49% from its 52-week high. The company has generated returns on investments over the last 12 months (-122.89%).
The EPS is expected to grow by 20.24% this year.
Bluebird bio Inc (BLUE) Top Institutional Holders
205.0 institutions hold shares in Bluebird bio Inc (BLUE), with institutional investors hold 43.59% of the company’s shares. The shares outstanding are 193.91M, and float is at 193.05M with Short Float at 25.07%. Institutions hold 43.40% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 15.44 million shares valued at $15.2 million. The investor’s holdings represent 14.1544% of the BLUE Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 10.3 million shares valued at $10.14 million to account for 9.4422 of the shares outstanding. The other top investors are AMERIPRISE FINANCIAL INC which holds 6.39 million shares representing 5.8586% and valued at over $6.29 million, while MILLENNIUM MANAGEMENT LLC holds 4.7175 of the shares totaling 5.15 million with a market value of $5.07 million.
Bluebird bio Inc (BLUE) Insider Activity
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Still, SEC filings show that on Jun 03 ’24, Klima Thomas J () disposed off 3,834 shares at an average price of $0.97 for $3726.0. The insider now directly holds 121,006 shares of Bluebird bio Inc (BLUE).
