Bird Global (BRDS) has experienced a sudden halt in trading, leaving investors eagerly awaiting news. These trading halts can occur for a multitude of reasons, often indicating the release of significant information. The reasons behind Bird Global‘s share halt remain a mystery, although the company has endured a challenging year thus far.
Back in May 2023, Bird’s share price took a significant hit, plummeting by 10.8%. This decline followed the company’s announcement of a reverse stock split aimed at regaining compliance with the New York Stock Exchange (NYSE). Despite implementing various cost-cutting measures such as dropping business lines, laying off staff, restructuring its executive team, and exiting unprofitable markets, Bird Global has struggled to restore its stock price to compliance levels.
Adding to the company’s woes, as of September 19, 2023, there is a substantial short interest totaling 20,330,000 shares. This represents a notable increase of 19.3% from the short interest recorded on December 15, 2023, which stood at 17,040,000 shares. These figures highlight the skepticism and bearish sentiment surrounding Bird Global’s future prospects.
Investors eagerly anticipate Bird Global’s next quarterly earnings announcement, scheduled for Tuesday, March 21, 2023. This announcement will likely provide further insights into the company’s financial performance and potentially shed light on the reasons behind the recent trading halt.
Bird Global, Inc.
BRDS
Buy
Updated on: 19/09/2023
Financial Health
Healthy
Debt to equity ratio: Strong Buy
Price to earnings ratio: Neutral
Price to book ratio: Strong Buy
DCF: Strong Buy
ROE: Strong Sell
BRDS Stock: Volatile Day with High Trading Volume and Mixed Financial Performance
On September 19, 2023, BRDS stock had a relatively volatile day in the market. The stock opened at the same price as the previous close, which was $0.70. Throughout the day, it reached a high of $1.60 and a low of $0.70. The trading volume was quite high, with 21,663,883 shares being traded.
BRDS, a transportation company in the other transportation industry, has a market capitalization of $9.8 million. The company’s earnings growth in the last year was -33.32%. However, there is no information available regarding its earnings growth for this year or the next five years. On the other hand, the company experienced revenue growth of 28.40% in the last year.
The stock’s price-to-earnings (P/E) ratio is not available (NM), indicating that the company may not have positive earnings or may not have any earnings at all. The price-to-sales ratio is 0.20, suggesting that the stock is relatively undervalued compared to its sales. The price-to-book ratio is 0.33, indicating that the stock may be trading at a discount to its book value.
The next reporting date for BRDS is scheduled for November 13, 2023. Investors will be eagerly awaiting the company’s financial results and any updates on its performance.
Analysts are forecasting an earnings per share (EPS) of -$1.25 for this quarter. This negative forecast suggests that the company may be facing challenges in generating profits in the short term.
In the previous year, BRDS reported annual revenue of $244.7 million. However, the company incurred a significant loss of -$358.7 million, resulting in a net profit margin of -146.63%. This indicates that the company’s expenses exceeded its revenue, leading to a negative profit margin.
Overall, BRDS stock had a volatile day on September 19, 2023, with a wide trading range and high volume. The company’s financial performance has been mixed, with negative earnings growth in the last year and a significant loss. Investors will be closely watching for any signs of improvement in the company’s upcoming financial reports.
BRDS Stock Shows Strong Performance with 599.30% Increase in Target Price: Analysts Hold Positive Outlook for Bird Global Inc
BRDS stock had a strong performance on September 19, 2023, with a significant increase in its price. According to data from CNN Money, the 1 analyst offering a 12-month price forecast for Bird Global Inc has a median target of $10.00. This median estimate represents a remarkable 599.30% increase from the last price of $1.43.
The consensus among 1 polled investment analyst is to hold stock in Bird Global Inc. This rating has remained steady since August, indicating that the analyst’s opinion of the stock has not changed.
Bird Global Inc reported an earnings per share of -$1.25 for the current quarter, along with sales of $71.4 million. The reporting date for these figures is set for November 13.
The optimistic price forecast for BRDS stock suggests that investors have a positive outlook on the company’s future performance. Despite the current hold rating, the significant increase in the median target price indicates that analysts believe the stock has the potential for substantial growth.
Investors should keep an eye on Bird Global Inc as the reporting date approaches, as the financial results for the current quarter could have a significant impact on the stock’s performance. The company’s ability to improve its earnings per share and increase sales will be crucial in determining whether the stock can reach the forecasted target price.
It is important for investors to conduct their own research and consider various factors before making any investment decisions. While analyst forecasts can provide valuable insights, they should not be the sole basis for investment choices.
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