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Bird Global Inc. (NYSE:BRDS) Has Risen By -37.53 Percent Over The Past 30 Days: Will It Continue?

In last trading session, Bird Global Inc. (NYSE:BRDS) saw 1.55 million shares changing hands with its beta currently measuring 0. Company’s recent per share price level of $0.23 trading at $0.0 or 0.00% at ring of the bell on the day assigns it a market valuation of $67.93M. That closing price of BRDS’s stock is at a discount of -3834.78% from its 52-week high price of $9.05 and is indicating a premium of 13.04% from its 52-week low price of $0.20. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 4.16 million shares which gives us an average trading volume of 3.01 million if we extend that period to 3-months.

For Bird Global Inc. (BRDS), analysts’ consensus is at an average recommendation of a Hold while assigning it a mean rating of 2.50. Splitting up the data highlights that, out of 1 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 0 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$0.15 in the current quarter.

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Bird Global Inc. (NYSE:BRDS) trade information

BRDS remained trading in the red while hitting it’s week-highest on Thursday, 11/17/22 when the stock touched $0.23 price level, adding 21.8% to its value on the day. Bird Global Inc.’s shares saw a change of -96.23% in year-to-date performance and have moved -18.51% in past 5-day. Bird Global Inc. (NYSE:BRDS) showed a performance of -37.53% in past 30-days. Number of shares sold short was 19.85 million shares which calculate 7.57 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of $0.40 to the stock, which implies a rise of 42.5% to its current value. Analysts have been projecting $0.40 as a low price target for the stock while placing it at a high target of $0.40. It follows that stock’s current price would drop -73.91% in reaching the projected high whereas dropping to the targeted low would mean a loss of -73.91% for stock’s current value.

Bird Global Inc. (BRDS) estimates and forecasts

Statistics highlight that Bird Global Inc. is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -71.40% of value to its shares in past 6 months, showing an annual growth rate of 87.14% while that of industry is 11.60. Apart from that, the company came raising its revenue forecast for fiscal year 2022. The company is estimating its revenue growth to increase by 79.20% in the current quarter and calculating 64.00% increase in the next quarter. This year revenue growth is estimated to rise 35.60% from the last financial year’s standing.

4 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $98.42 million for the same. And 4 analysts are in estimates of company making revenue of $65.48 million in the next quarter that will end on Dec 2022.

BRDS Dividends

Bird Global Inc. is more likely to be releasing its next quarterly report on August 15 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

Bird Global Inc. (NYSE:BRDS)’s Major holders

Insiders are in possession of 15.19% of company’s total shares while institution are holding 64.11 percent of that, with stock having share float percentage of 75.59%. Investors also watch the number of corporate investors in a company very closely, which is 64.11% institutions for Bird Global Inc. that are currently holding shares of the company. FMR, LLC is the top institutional holder at BRDS for having 28.87 million shares of worth $12.59 million. And as of Jun 29, 2022, it was holding 11.52% of the company’s outstanding shares.

The second largest institutional holder is Craft Ventures GP I, LLC, which was holding about 26.95 million shares on Jun 29, 2022. The number of shares represents firm’s hold over 10.75% of outstanding shares, having a total worth of $11.75 million.

On the other hand, Fidelity Blue Chip Growth Fund and iShares Russell 2000 ETF are the top two Mutual Funds which own company’s shares. As of Aug 30, 2022, the former fund manager was holding 10.67 million shares of worth $4.53 million or 4.26% of the total outstanding shares. The later fund manager was in possession of 3.37 million shares on Sep 29, 2022, making its stake of worth around $1.19 million in the company or a holder of 1.34% of company’s stock.

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