In today’s recent session, 5.68 million shares of the Bluebird bio Inc (NASDAQ:BLUE) have been traded, and its beta is 0.72. Most recently the company’s share price was $0.47, and it changed around $0.01 or 3.98% from the last close, which brings the market valuation of the company to $94.39M. BLUE at last check was trading at a discount to its 52-week high of $5.53, offering almost -1076.6% off that amount. The share price’s 52-week low was $0.29, which indicates that the recent value has risen by an impressive 38.3% since then. We note from Bluebird bio Inc’s average daily trading volume that its 10-day average is 16.25 million shares, with the 3-month average coming to 7.56 million.
Bluebird bio Inc stock received a consensus recommendation rating of Hold, based on a mean score of 3.00. If we narrow it down even further, the data shows that 0 out of 10 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 6 recommended BLUE as a Hold, whereas 1 deemed it a Buy, and 2 rated it as Underweight. Bluebird bio Inc is expected to report earnings per share of -0.31 for the current quarter.
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Bluebird bio Inc (NASDAQ:BLUE) trade information
Instantly BLUE has been showing a green trend so far today with a performance of 3.98% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 0.7700 on recent trading dayincreased the stock’s daily price by 38.96%. The company’s shares are currently down -65.70% year-to-date, but still up 13.47% over the last five days. On the other hand, Bluebird bio Inc (NASDAQ:BLUE) is 23.87% up in the 30-day period. We can see from the shorts that 47.71 million shares have been sold at a short interest cover period of 9.53 day(s).
The consensus price target as assigned by Wall Street analysts is $12.5, which translates to bulls needing to increase their stock price by 96.24% from its current value. Analyst projections state that BLUE is forecast to be at a low of $5 and a high of $25.
Bluebird bio Inc (BLUE) estimates and forecasts
Bluebird bio Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -49.25 percent over the past six months and at a 30.05% annual growth rate that is well above the industry average of 17.10%. The year-over-year growth rate is expected to be 141.32%, up from the previous year.
Consensus estimates provided by 6 financial analysts predict the company will bring in an average of 25.56M in revenue for the current quarter. 5 analysts expect Bluebird bio Inc to make 37.46M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 7.83M and 18.57M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 226.24%. Forecasts for the next quarter put sales growth at 101.69%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 28.98%. Bluebird bio Inc earnings are expected to increase by 19.23% in 2024, but the outlook is positive 45.80% per year for the next five years.
BLUE Dividends
Bluebird bio Inc’s next quarterly earnings report is expected to be released in January.
Bluebird bio Inc (NASDAQ:BLUE)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.63% of Bluebird bio Inc shares, and 43.69% of them are in the hands of institutional investors. The stock currently has a share float of 43.96%. Bluebird bio Inc stock is held by 196.0 institutions, with BLACKROCK INC. being the largest institutional investor. By 2024-06-30, it held 14.1544% of the shares, which is about 15.44 million shares worth $15.2 million.
VANGUARD GROUP INC, with 9.4422% or 10.3 million shares worth $10.14 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF were the top two Mutual Funds as of Sep 30, 2024. The former held 5.86 shares worth $2.63 million, making up 3.01% of all outstanding shares. On the other hand, iShares Russell 2000 ETF held roughly 5.06 shares worth around $2.27 million, which represents about 2.60% of the total shares outstanding.
