On September 19, 2023, Bird Global witnessed a surge in its share prices following the exciting news of its latest venture. The company proudly revealed its acquisition of Skinny Labs, a prominent micromobility operator, for a staggering $19 million. This strategic move is expected to not only broaden Bird’s presence across various regions but also solidify its position as the unrivaled leader in the micromobility industry throughout North America.
This noteworthy acquisition comes hot on the heels of Bird’s recent successful acquisition of Spin, propelling it to the top spot as the largest micromobility operator in North America in terms of market share. With these two significant acquisitions under its belt, Bird is poised to revolutionize the way people navigate urban environments, offering convenient and sustainable transportation options for all.
The future looks promising for Bird Global as it continues to expand its reach and enhance its offerings, cementing its status as the go-to micromobility solution provider.
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 Analysis: Volatile Trading Day, High Trading Volume, and Negative Earnings Growth
On September 19, 2023, BRDS stock experienced a volatile day of trading. The stock opened at $0.70, reached a high of $1.60, and a low of $0.70. The trading volume for BRDS on this day was 21,927,643 shares, significantly higher than the three-month average volume. BRDS has a market capitalization of $9.8 million. The company’s earnings growth in the past year was -33.32%, while revenue growth was 28.40%. BRDS reported a net loss of -$358.7 million for the previous year. The P/E ratio for BRDS is listed as NM, and the price/sales ratio is 0.20, while the price/book ratio is 0.33. There is no available data on BRDS’s competitors. The next reporting date for BRDS is scheduled for November 13, 2023, with analysts’ EPS forecast for this quarter being -$1.25.
BRDS Stock Performance: Stable with a Median Target Price Forecast of $10.00
BRDS stock performances on September 19, 2023, were relatively stable, with a median target price forecast of $10.00 by analysts. This represents a significant increase of +599.30% from the last price of $1.43.
According to CNN Money, Bird Global Inc, the company behind BRDS, has one analyst providing a 12-month price forecast. The median target price of $10.00 indicates a positive outlook for the stock. The high and low estimates also stand at $10.00, suggesting a consensus among analysts.
The current consensus among investment analysts is to hold stock in Bird Global Inc. This rating has remained steady since August, indicating that analysts have not changed their stance on the stock.
Looking at the company’s recent financial performance, the current quarter’s earnings per share stand at -$1.25. This indicates that Bird Global Inc has incurred a loss during this period.
In terms of sales, Bird Global Inc reported $71.4 million for the current quarter.
Investors should also keep an eye on the reporting date for the company’s financial results. According to the provided information, Bird Global Inc is scheduled to report its next earnings on November 13.
In conclusion, BRDS stock performances on September 19, 2023, showed a positive outlook with a median target price forecast of $10.00, representing a significant increase from the last price. The current consensus among analysts is to hold stock in Bird Global Inc. Investors should closely monitor the company’s financial results and market conditions to make informed investment decisions.
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