Allbirds Inc (NASDAQ:BIRD) At $0.53: What To Do?

In last trading session, Allbirds Inc (NASDAQ:BIRD) saw 0.59 million shares changing hands with its beta currently measuring 1.78. Company’s recent per share price level of $0.53 trading at -$0.01 or -2.98% at ring of the bell on the day assigns it a market valuation of $82.16M. That closing price of BIRD’s stock is at a discount of -245.28% from its 52-week high price of $1.83 and is indicating a premium of 1.89% from its 52-week low price of $0.52. Taking a look at company’s average trading volume volume of 1.23 million if we extend that period to 3-months.

Allbirds Inc (NASDAQ:BIRD) trade information

Upright in the red during last session for losing -2.98%, in the last five days BIRD remained trading in the red while hitting it’s week-highest on Wednesday, 06/12/24 when the stock touched $0.53 price level, adding 11.67% to its value on the day. Allbirds Inc’s shares saw a change of -56.96% in year-to-date performance and have moved -1.77% in past 5-day. Allbirds Inc (NASDAQ:BIRD) showed a performance of -26.67% in past 30-days.

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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 -52.50% of value to its shares in past 6 months, showing an annual growth rate of 19.51% while that of industry is 17.40. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -22.40% 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 50.51M for the same. And 4 analysts are in estimates of company making revenue of 43.54M in the next quarter. Company posted 70.48M and 59.4M of sales in current and next quarters respectively a year earlier.

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 in July 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.