Stocks of Bluebird bio Inc [BLUE] are gaining investors’ attention: here’s why

Stocks of Bluebird bio Inc (NASDAQ:BLUE) traded higher last session on Wall Street, down -7.91% to $3.26.

According to the data, Bluebird bio Inc (NASDAQ:BLUE) has 15 analysts covering its stock. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $13.00 and a low of $3.00, we find $7.00. Given the previous closing price of $3.54, this indicates a potential upside of 97.74 percent. BLUE stock price is now 3.23% away from the 50-day moving average and -16.49% away from the 200-day moving average. The market capitalization of the company currently stands at $348.66M.

A total of 7 analysts have issued a hold rating and 3 have given it a buy rating. Brokers who have rated the stock have averaged $7.20 as their price target over the next twelve months.

In other news, Obenshain Andrew, President and CEO sold 807 shares of the company’s stock on Nov 03. The stock was sold for $2,555 at an average price of $3.17. Upon completion of the transaction, the President and CEO now directly owns 291,134 shares in the company, valued at $0.95 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 02, Chief Medical Officer Colvin Richard A sold 2,343 shares of the business’s stock. A total of $6,975 was realized by selling the stock at an average price of $2.98. This leaves the insider owning 125,735 shares of the company worth $0.41 million. Insiders disposed of 34,839 shares of company stock worth roughly $0.11 million over the past 1 year. A total of 2.70% of the company’s stock is owned by insiders.

Wednesday’s opening bell rang with an opening price of $3.7000 for Bluebird bio Inc (NASDAQ: BLUE). During the past 12 months, Bluebird bio Inc has had a low of $2.52 and a high of $8.58. As of last week, the company has a debt-to-equity ratio of 1.06, a current ratio of 2.13, and a quick ratio of 2.03. The fifty day moving average price for BLUE is $3.1582 and a two-hundred day moving average price translates $3.9038 for the stock.

The latest earnings results from Bluebird bio Inc (NASDAQ: BLUE) was released for Sep, 2023. According to the Biotechnology Company, earnings per share came in at -$0.67, beating analysts’ expectations of -$0.72 by 0.05. This compares to -$0.94 EPS in the same period last year. The net profit margin was -1020.27% and return on equity was -40.91% for BLUE. The company reported revenue of $12.39 million for the quarter, compared to $71000.0 a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 17353.52 percent. For the current quarter, analysts expect BLUE to generate $13.41M in revenue.

Bluebird bio Inc(BLUE) Company Profile

bluebird bio, Inc., a biotechnology company, researches, develops, and commercializes gene therapies for severe genetic diseases. Its product candidates for severe genetic diseases include ZYNTEGLO (betibeglogene autotemcel) for the treatment of transfusion-dependent ß-thalassemia; lovotibeglogene autotemcel for the treatment of sickle cell disease (SCD); and SKYSONA (elivaldogene autotemcel) to treat cerebral adrenoleukodystrophy. The company’s clinical development programs include HGB-205, HGB-206, and HGB-210 to evaluate the safety and efficacy of lovo-cel in the treatment of patients with SCD; and HGB-204, HGB-205, HGB-207, and HGB-212 to evaluate the safety and efficacy of beti-cel in the treatment of patients with ß-thalassemia. It has license agreement with Orchard Therapeutics Limited. The company was formerly known as Genetix Pharmaceuticals, Inc., and changed its name to bluebird bio, Inc. in September 2010. bluebird bio, Inc. was incorporated in 1992 and is headquartered in Somerville, Massachusetts.

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