In yesterday’s Wall Street session, Bird Global Inc. (NYSE:BRDS) shares traded at $0.11, down -0.44% from the previous session.
As of this writing, 1 analysts cover Bird Global Inc. (NYSE:BRDS). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $0.40 and a low of $0.40, we find $0.40. Given the previous closing price of $0.11, this indicates a potential upside of 263.64 percent. BRDS stock price is now -30.45% away from the 50-day moving average and -60.41% away from the 200-day moving average. The market capitalization of the company currently stands at $39.51M.
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There are 1 analysts who have given it a hold rating, whereas 0 have given it a buy rating. Brokers who have rated the stock have averaged $0.40 as their price target over the next twelve months.
With the price target of $6, Goldman recently initiated with Neutral rating for Bird Global Inc. (NYSE: BRDS).
In other news, VanderZanden Travis, Director bought 250,000 shares of the company’s stock on May 17. The stock was bought for $27,775 at an average price of $0.11. Upon completion of the transaction, the Director now directly owns 25,133,128 shares in the company, valued at $2.76 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 15, Director VanderZanden Travis bought 1,250,000 shares of the business’s stock. A total of $143,750 was incurred on buying the stock at an average price of $0.12. This leaves the insider owning 24,883,128 shares of the company worth $2.74 million. Insiders disposed of 2,447,083 shares of company stock worth roughly $0.27 million over the past 1 year. A total of 16.40% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in BRDS stock. A new stake in Bird Global Inc. shares was purchased by CYPRESS POINT WEALTH MANAGEMENT, LLC during the first quarter worth $275,000. MILLENNIUM MANAGEMENT LLC invested $192,000 in shares of BRDS during the first quarter. In the first quarter, ARCHPOINT INVESTORS acquired a new stake in Bird Global Inc. valued at approximately $42,000. BIENVILLE CAPITAL MANAGEMENT, LLC acquired a new stake in BRDS for approximately $15,000. DARK FOREST CAPITAL MANAGEMENT LP purchased a new stake in BRDS valued at around $10,000 in the second quarter. In total, there are 109 active investors with 62.00% ownership of the company’s stock.
Thursday morning saw Bird Global Inc. (NYSE: BRDS) opened at $0.1139. During the past 12 months, Bird Global Inc. has had a low of $0.11 and a high of $0.98. As of last week, the company has a debt-to-equity ratio of 3.12, a current ratio of 0.50, and a quick ratio of 0.50. The fifty day moving average price for BRDS is $0.1595 and a two-hundred day moving average price translates $0.2804 for the stock.
The latest earnings results from Bird Global Inc. (NYSE: BRDS) was released for Mar, 2023. According to the Rental & Leasing Services Company, earnings per share came in at -$0.14, missing analysts’ expectations of -$0.08 by -0.06. This compares to $0.03 EPS in the same period last year. The company reported revenue of $29.54 million for the quarter, compared to $35.38 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -16.5 percent. For the current quarter, analysts expect BRDS to generate $68.72M in revenue.
Bird Global Inc.(BRDS) Company Profile
Bird Global, Inc., a micromobility company, engages in delivering electric transportation solutions for short distances in Canada, the United States, the European Union, the United Kingdom, the Middle East, South America, China, Mexico, Australia, New Zealand, and Japan. The company offers a fleet of e-scooters and e-bikes to riders through bird.co website. It sells vehicles to distributors, retailers, and direct customers. The company was founded in 2017 and is headquartered in Miami, Florida.
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