While Allbirds Inc has overperformed by 12.06%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, BIRD fell by -25.60%, with highs and lows ranging from $1.83 to $0.64, whereas the simple moving average fell by -18.24% in the last 200 days.
On May 01, 2023, Telsey Advisory Group Upgraded Allbirds Inc (NASDAQ: BIRD) to Outperform. A report published by TD Cowen on March 13, 2023, Downgraded its rating to ‘Market Perform’ for BIRD. Telsey Advisory Group March 10, 2023d the rating to Market Perform on March 10, 2023, and set its price target from $4 to $2.25. Guggenheim March 10, 2023d its ‘Buy’ rating to ‘Neutral’ for BIRD, as published in its report on March 10, 2023. Wedbush’s report from March 06, 2023 suggests a price prediction of $3 for BIRD shares, giving the stock a ‘Neutral’ rating. BTIG Research also rated the stock as ‘Neutral’.
Analysis of Allbirds Inc (BIRD)
Further, the quarter-over-quarter decrease in sales is -21.21%, showing a negative trend in the upcoming months.
Allbirds Inc’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. The goal here is to ensure that your current return on equity of -42.39% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 3.04, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
The average volume for any stock is also a very valuable indicator of volatility, and BIRD has an average volume of 818.91K. On a monthly basis, the volatility of the stock is set at 7.82%, whereas on a weekly basis, it is put at 10.60%, with a gain of 5.68% over the past seven days. Furthermore, long-term investors anticipate a median target price of $1.15, showing growth from the present price of $0.93, which can serve as yet another indication of whether BIRD is worth investing in or should be passed over.
How Do You Analyze Allbirds Inc Shares?
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 37.83%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 26.19% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
BIRD shares are owned by institutional investors to the tune of 26.19% at present.
