Allbirds, Inc. (NASDAQ:BIRD – Get Free Report) shares dropped 4.6% on Thursday . The company traded as low as $11.91 and last traded at $11.91. Approximately 3,830 shares were traded during trading, a decline of 93% from the average daily volume of 55,276 shares. The stock had previously closed at $12.49.
Allbirds Stock Performance
The stock has a market capitalization of $1.86 billion, a P/E ratio of -12.54 and a beta of 1.79. The firm has a fifty day moving average price of $4.31 and a two-hundred day moving average price of $1.90.
Allbirds (NASDAQ:BIRD – Get Free Report) last announced its earnings results on Wednesday, August 7th. The company reported ($0.12) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.18) by $0.06. The business had revenue of $51.58 million for the quarter, compared to analysts’ expectations of $50.34 million. Allbirds had a negative return on equity of 61.22% and a negative net margin of 61.24%. During the same period last year, the firm posted ($0.18) earnings per share. On average, research analysts anticipate that Allbirds, Inc. will post -12.27 earnings per share for the current fiscal year.
Insider Transactions at Allbirds
Institutional Trading of Allbirds
A hedge fund recently bought a new stake in Allbirds stock. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Allbirds, Inc. (NASDAQ:BIRD – Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 129,694 shares of the company’s stock, valued at approximately $65,000. Point72 Asia Singapore Pte. Ltd. owned 0.08% of Allbirds as of its most recent SEC filing. 44.07% of the stock is owned by hedge funds and other institutional investors.
Allbirds Company Profile
Allbirds, Inc manufactures and sells footwear and apparel products for men and women in the United States and internationally. The company offers a range of lifestyle and performance shoes; and apparel, including classic tees and sweats, socks, and underwear. It sells its products through its retail stores, as well as online.
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