In the latest trading session, 0.43 million Allbirds Inc (NASDAQ:BIRD) shares changed hands as the company’s beta touched 1.79. With the company’s most recent per share price at $0.96 changing hands around $0.04 or 3.76% at last look, the market valuation stands at $146.17M. BIRD’s current price is a discount, trading about -259.38% off its 52-week high of $3.45. The share price had its 52-week low at $0.64, which suggests the last value was 33.33% up since then. When we look at Allbirds Inc’s average trading volume, we note the 10-day average is 1.35 million shares, with the 3-month average coming to 903.02K.
Analysts gave the Allbirds Inc (BIRD) stock a consensus recommendation rating of a Hold, calculated at a mean rating of 3.00. If we narrow down to specifics, the data shows that 0 out of 10 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 10 recommended BIRD as a Hold, 0 felt it is a Buy and 0 rated the stock as Underweight. Allbirds Inc’s EPS for the current quarter is expected to be $VanEck BDC Income ETF.
Allbirds Inc (NASDAQ:BIRD) trade information
Instantly BIRD is in green as seen in intraday trades today. With action 43.01%, the performance over the past five days has been green. The jump to weekly highs of 1.0000 on Friday, 11/17/23 added 3.76% to the stock’s daily price. The company’s shares are showing year-to-date downside of -60.41%, with the 5-day performance at 43.01% in the green. However, in the 30-day time frame, Allbirds Inc (NASDAQ:BIRD) is 4.15% up. Looking at the short shares, we see there were 5.52 million shares sold at short interest cover period of 6.69 days.
The consensus price target for the stock as assigned by Wall Street analysts is $1.18, meaning bulls need an upside of 18.64% from its recent market value. According to analyst projections, BIRD’s forecast low is $1.00 with $1.80 as the target high. To hit the forecast high, the stock’s price needs a -87.5% plunge from its current level, while the stock would need to soar -4.17% for it to hit the projected low.
Allbirds Inc (BIRD) estimates and forecasts
Data shows that the Allbirds Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -18.11% over the past 6 months, a -46.43% in annual growth rate that is considerably lower than the industry average of -8.50%.
The 2023 estimates are for Allbirds Inc earnings to decrease by -60.09%.
Allbirds Inc is expected to release its next quarterly earnings report on November 08.
Allbirds Inc (NASDAQ:BIRD)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 4.16% of Allbirds Inc shares while 39.01% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 40.71%. There are 39.01% institutions holding the Allbirds Inc stock share, with Blackrock Inc. the top institutional holder. As of Jun 29, 2023, the company held 6.70% of the shares, roughly 6.66 million BIRD shares worth $8.39 million.
FMR, LLC holds the second largest percentage of outstanding shares, with 6.00% or 5.96 million shares worth $7.51 million as of Jun 29, 2023.
Among Mutual Funds, the top two as of Jun 29, 2023 were Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF. With 3.16 million shares estimated at $3.98 million under it, the former controlled 3.18% of total outstanding shares. On the other hand, iShares Russell 2000 ETF held about 2.33% of the shares, roughly 2.32 million shares worth around $2.99 million.