You might want to take a look at Allbirds Inc. (BIRD) now

Allbirds Inc. (NASDAQ: BIRD) stock jumped 5.49% on Friday to $2.50 against a previous-day closing price of $2.37. With 0.82 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.51 million shares. During the session, the Apparel Retail company that operates in wider Consumer Cyclical sector, reached to the highest price of $2.5050 whereas the lowest price it dropped to was $2.3500. The 52-week range on BIRD shows that it touched its highest point at $14.02 and its lowest point at $2.14 during that stretch. It currently has a 1-year price target of $4.90.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of BIRD was down-trending over the past week, with a drop of -0.40%, but this was down by -2.72% over a month. Three-month performance dropped to -22.60% while six-month performance fell -53.79%. The stock lost -81.92% in the past year, while it has gained 3.31% so far this year. A look at the trailing 12-month EPS for BIRD yields -0.59 with Next year EPS estimates of -0.45. For the next quarter, that number is -0.12. This implies an EPS growth rate of -75.20% for this year and 20.00% for next year.

Float and Shares Shorts:

At present, 149.27 million BIRD shares are outstanding with a float of 95.47 million shares on hand for trading. On Oct 13, 2022, short shares totaled 9.9 million, which was 6.65% higher than short shares on Sep 14, 2022. In addition to Mr. Timothy O. Brown as the firm’s Co-Founder, Co-CEO & Director, Mr. Joseph Z. Zwillinger serves as its Co-Founder, Co-CEO, Pres, Treasurer, Sec. & Director.


Institutional Ownership:

Through their ownership of 52.01% of BIRD’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 26.29% of BIRD, in contrast to 26.24% held by mutual funds. Shares owned by individuals account for 0.83%. As the largest shareholder in BIRD with 9.24% of the stake, The Vanguard Group, Inc. holds 8,885,500 shares worth 8,885,500. A second-largest stockholder of BIRD, BlackRock Fund Advisors, holds 5,818,923 shares, controlling over 6.05% of the firm’s shares. Jackson Square Partners LLC is the third largest shareholder in BIRD, holding 3,395,914 shares or 3.53% stake. With a 3.28% stake in BIRD, the Vanguard Total Stock Market Index is the largest stakeholder. A total of 3,156,493 shares are owned by the mutual fund manager. The Schiehallion Fund Ltd., which owns about 2.32% of BIRD stock, is the second-largest Mutual Fund holder. It holds 2,232,956 shares valued at 5.4 million. Franklin Small Cap Growth Fund holds 2.28% of the stake in BIRD, owning 2,197,305 shares worth 5.32 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for BIRD since 13 analysts follow the stock currently. There are 6 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 6 believe that the stock is worth HOLDING, 1 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With BIRD analysts setting a high price target of $9.00 and a low target of $3.00, the average target price over the next 12 months is $4.90. Based on these targets, BIRD could surge 260.0% to reach the target high and rise by 20.0% to reach the target low. Reaching the average price target will result in a growth of 96.0% from current levels.


EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. BIRD will report FY 2022 earnings on 02/22/2024. Analysts have provided yearly estimates in a range of -$0.51 being high and -$0.66 being low. For BIRD, this leads to a yearly average estimate of -$0.55. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Allbirds Inc. surprised analysts by $0.02 when it reported -$0.15 EPS against a consensus estimate of -$0.17. The surprise factor in the prior quarter was $0.03. Based on analyst estimates, the high estimate for the next quarter is -$0.10 and the low estimate is -$0.15. The average estimate for the next quarter is thus -$0.12.

Summary of Insider Activity:

Insiders traded BIRD stock several times over the past three months with 0 Buys and 2 Sells. In these transactions, 0 shares were bought while 18,625 shares were sold. The number of buy transactions has increased to 13 while that of sell transactions has risen to 4 over the past year. The total number of shares bought during that period was 1,290,026 while 33,764 shares were sold.

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