On May 26, 2023, Bird Global, Inc. (NYSE: BRDS) received a notice from the New York Stock Exchange (NYSE) regarding non-compliance with Section 802.01C of the NYSE Listed Company Manual. The reason for non-compliance was due to the Company’s average market capitalization being less than $50 million over a 30 trading-day period. Despite this, Bird’s Class A common stock will not be immediately delisted from the NYSE.
To rectify the situation, the Company plans to present a business plan to the NYSE by July 5, 2023, that will demonstrate compliance with the continued listing standard within the next 18 months. During this period, Bird’s Class A common stock will continue to be listed and traded on the NYSE, provided that the Company adheres to other NYSE continued listing standards.
BRDS Stock Performance and Analysis on May 26, 2023: Undervalued but Unprofitable Company in the Transportation Sector
On May 26, 2023, BRDS stock opened at 2.40, which was higher than its previous close of 2.34. Throughout the day, the stock fluctuated between a low of 2.11 and a high of 2.40. The volume of shares traded was 349,155, which was lower than the average volume of the last three months, which was 572,301.
BRDS has a market capitalization of $30.8M and operates in the transportation sector, specifically in the other transportation industry.
In terms of earnings growth, BRDS saw a decline of 33.32% in the last year and has not yet reported any earnings growth for this year. There is also no forecast for earnings growth in the next five years.
On the other hand, BRDS saw a revenue growth of 28.40% in the last year, which is a positive sign for the company. However, the company’s net profit margin is negative at -146.63%, which indicates that the company is not profitable.
BRDS has a price-to-sales ratio of 0.20 and a price-to-book ratio of 26.06, which suggests that the stock is undervalued. However, the company’s P/E ratio is not available.
The next reporting date for BRDS is August 16, 2023, and the EPS forecast for this quarter is -$1.25.
Overall, the performance of BRDS stock on May 26, 2023, was mixed. While the stock opened higher than its previous close, it fluctuated throughout the day and closed at an uncertain level. The company’s revenue growth is positive, but its net profit margin is negative, which suggests that the company is not profitable. Investors may want to keep an eye on BRDS stock and wait for more information before making any investment decisions.
Bird Global Inc (BRDS) Stock Target Price Soars by 371.70%: Analysts Consensus Indicates Strong Growth Potential
On May 26, 2023, Bird Global Inc (BRDS) stock had a median target price of $10.00, according to the one analyst offering 12-month price forecasts. This represents a significant increase of 371.70% from the stock’s last price of $2.12. The high and low estimates are also at $10.00, indicating a strong consensus among analysts.
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