Do Allbirds Inc (NASDAQ: BIRD) Fit In A Value Investing Philosophy?

Currently, there are 102.58M common shares owned by the public and among those 97.29M shares have been available to trade.

The company’s stock has a 5-day price change of -4.13% and -22.32% over the past three months. BIRD shares are trading -56.96% year to date (YTD), with the 12-month market performance down to -60.35% lower. It has a 12-month low price of $0.51 and touched a high of $1.83 over the same period. BIRD has an average intraday trading volume of 1.17 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -10.02%, -14.16%, and -41.06% respectively.

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Institutional ownership of Allbirds Inc (NASDAQ: BIRD) shares accounts for 24.13% of the company’s 102.58M shares outstanding.

It has a market capitalization of $82.17M and a beta (3y monthly) value of 1.77. The earnings-per-share (ttm) stands at -$0.94. Price movements for the stock have been influenced by the stock’s volatility, which stands at 7.45% over the week and 7.43% over the month.

Analysts forecast that Allbirds Inc (BIRD) will achieve an EPS of -0.17 for the current quarter, -0.16 for the next quarter and -0.53 for current fiscal year. The lowest estimate earnings-per-share for the quarter is -0.18 while analysts give the company a high EPS estimate of -0.18. Comparatively, EPS for the current quarter was -0.18 a year ago. Earnings per share for the fiscal year are expected to increase by 35.05%, and 20.31% over the next financial year.

Looking at the support for the BIRD, a number of firms have released research notes about the stock. Telsey Advisory Group stated their Outperform rating for the stock in a research note on May 01, 2023, with the firm’s price target at $1.50. TD Cowen coverage for the Allbirds Inc (BIRD) stock in a research note released on March 13, 2023 offered a Market Perform rating with a price target of $1.50. William Blair was of a view on March 10, 2023 that the stock is Mkt Perform, while Telsey Advisory Group gave the stock Market Perform rating on March 10, 2023, issuing a price target of $4- $2.25. Guggenheim on their part issued Neutral rating on March 10, 2023.

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