In last trading session, Allbirds Inc (NASDAQ:BIRD) saw 1.04 million shares changing hands with its beta currently measuring 1.86. Company’s recent per share price level of $0.70 trading at $0.02 or 3.20% at ring of the bell on the day assigns it a market valuation of $108.67M. That closing price of BIRD’s stock is at a discount of -161.43% from its 52-week high price of $1.83 and is indicating a premium of 8.57% from its 52-week low price of $0.64. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.64 million shares which gives us an average trading volume of 917.44K if we extend that period to 3-months.
Allbirds Inc (NASDAQ:BIRD) trade information
Upright in the green during last session for gaining 3.20%, in the last five days BIRD remained trading in the red while hitting it’s week-highest on Thursday, 03/14/24 when the stock touched $0.70 price level, adding 14.63% to its value on the day. Allbirds Inc’s shares saw a change of -42.82% in year-to-date performance and have moved -6.62% in past 5-day. Allbirds Inc (NASDAQ:BIRD) showed a performance of -23.61% in past 30-days. Number of shares sold short was 8.57 million shares which calculate 15.35 days to cover the short interests.
Allbirds Inc (BIRD) estimates and forecasts
Statistics highlight that Allbirds Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -44.40% of value to its shares in past 6 months, showing an annual growth rate of 10.98% while that of industry is 1.10. Apart from that, the company came raising its revenue forecast for fiscal year 2024. The company is estimating its revenue growth to decrease by -4.80% in the current quarter and calculating 5.60% increase in the next quarter. This year revenue growth is estimated to fall -21.60% from the last financial year’s standing.
5 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $40.02 million for the same. And 5 analysts are in estimates of company making revenue of $52.42 million in the next quarter that will end on Jun 2024. Company posted $54.35 million and $70.48 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to shrink by -26.40% while estimating it to be -25.60% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -77.84% during past 5 years.
BIRD Dividends
Allbirds Inc is more likely to be releasing its next quarterly report on March 12 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.
Allbirds Inc (NASDAQ:BIRD)’s Major holders
Insiders are in possession of 4.46% of company’s total shares while institution are holding 48.40 percent of that, with stock having share float percentage of 50.66%. Investors also watch the number of corporate investors in a company very closely, which is 48.40% institutions for Allbirds Inc that are currently holding shares of the company. Blackrock Inc. is the top institutional holder at BIRD for having 6.66 million shares of worth $8.39 million. And as of Jun 29, 2023, it was holding 6.70% of the company’s outstanding shares.
The second largest institutional holder is FMR, LLC, which was holding about 5.96 million shares on Jun 29, 2023. The number of shares represents firm’s hold over 6.00% of outstanding shares, having a total worth of $7.51 million.
On the other hand, Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF are the top two Mutual Funds which own company’s shares. As of Jun 29, 2023, the former fund manager was holding 3.16 million shares of worth $3.98 million or 3.18% of the total outstanding shares. The later fund manager was in possession of 2.32 million shares on Aug 30, 2023, making its stake of worth around $2.99 million in the company or a holder of 2.33% of company’s stock.
