Bluebird bio Inc (NASDAQ:BLUE)’s traded shares stood at 5.66 million during the last session, with the company’s beta value hitting 0.73. At the close of trading, the stock’s price was $0.36, to imply a decrease of -3.64% or -$0.02 in intraday trading. The BLUE share’s 52-week high remains $5.53, putting it -1436.11% down since that peak but still an impressive 5.56% since price per share fell to its 52-week low of $0.34. The company has a valuation of $70.31M, with an average of 6.47 million shares in intraday trading volume over the past 10 days and average of 7.60 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Bluebird bio Inc (BLUE), translating to a mean rating of 2.80. Of 4 analyst(s) looking at the stock, 1 analyst(s) give BLUE a Sell rating. 0 of those analysts rate the stock as Overweight while 1 advise Hold as 2 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.22.
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Bluebird bio Inc (NASDAQ:BLUE) trade information
After registering a -3.64% downside in the last session, Bluebird bio Inc (BLUE) has traded red over the past five days. The 5-day price performance for the stock is -5.10%, and -24.74% over 30 days. With these gigs, the year-to-date price performance is -73.72%. Short interest in Bluebird bio Inc (NASDAQ:BLUE) saw shorts transact 47.71 million shares and set a 9.53 days time to cover.
The extremes give us $5 and $25 for target low and target high price respectively. As such, BLUE has been trading -6844.44% off suggested target high and -1288.89% from its likely low.
Bluebird bio Inc (BLUE) estimates and forecasts
Looking at statistics comparing Bluebird bio Inc share performance against respective industry, we note that the company has outperformed competitors. Bluebird bio Inc (BLUE) shares are -65.47% down over the last 6 months, with its year-to-date growth rate higher than industry average at 26.94% against 16.90%. Revenue is forecast to grow 71.79% this quarter before jumping 33.33% for the next one. The rating firms project that company’s revenue will grow 148.38% compared to the previous financial year.
Revenue forecast for the current quarter as set by 3 analysts is 26.84M. Meanwhile, for the current quarter, a total of 5 analyst(s) estimate revenue growth to 35.49M.Earnings reports from the last fiscal year show that sales brought in 7.83M and 18.57M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 242.57% before jumping 91.07% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 28.98% for the past 5-year period. While 2024 is set for a 21.21% return in earnings, projections for the next 5 years are at 45.80% annually.
BLUE Dividends
Bluebird bio Inc has its next earnings report out in December. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Bluebird bio Inc (NASDAQ:BLUE)’s Major holders
Bluebird bio Inc insiders hold 0.63% of total outstanding shares, with institutional holders owning 43.69% of the shares at 43.96% float percentage. In total, 43.69% institutions holds shares in the company, led by BLACKROCK INC.. As of 2024-06-30, the company held over 15.44 million shares (or 14.1544% of shares), all amounting to roughly $15.2 million.
The next major institution holding the largest number of shares is VANGUARD GROUP INC with 10.3 million shares, or about 9.4422% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $10.14 million.
