Blue Bird Corp (NASDAQ: BLBD) Seen Running Too Hot, Let’s Look At This More Closely

Currently, there are 32.17M common shares owned by the public and among those 31.66M shares have been available to trade.

The company’s stock has a 5-day price change of 2.41% and 67.41% over the past three months. BLBD shares are trading 112.61% year to date (YTD), with the 12-month market performance up to 158.43% higher. It has a 12-month low price of $17.59 and touched a high of $59.40 over the same period. BLBD has an average intraday trading volume of 539.86K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 2.73%, 25.78%, and 89.04% respectively.

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Institutional ownership of Blue Bird Corp (NASDAQ: BLBD) shares accounts for 92.09% of the company’s 32.17M shares outstanding.

It has a market capitalization of $1.85B and a beta (3y monthly) value of 1.63. The stock’s trailing 12-month PE ratio is 23.34, while the earnings-per-share (ttm) stands at $2.46. The company has a PEG of 0.47 and a Quick Ratio of 0.56 with the debt-to-equity ratio at 0.93. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.68% over the week and 3.84% over the month.

Earnings per share for the fiscal year are expected to increase by 157.83%, and 13.52% over the next financial year. EPS should grow at an annualized rate of 49.95% over the next five years, compared to -6.09% over the past 5-year period.

Looking at the support for the BLBD, a number of firms have released research notes about the stock. Needham stated their Buy rating for the stock in a research note on February 29, 2024, with the firm’s price target at $44. Barclays coverage for the Blue Bird Corp (BLBD) stock in a research note released on September 11, 2023 offered a Overweight rating with a price target of $25. R. F. Lafferty was of a view on September 06, 2023 that the stock is Buy, while BofA Securities gave the stock Buy rating on August 18, 2023, issuing a price target of $26.50. DA Davidson on their part issued Buy rating on June 29, 2022.

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