On September 19, 2023, at exactly 2:48:39 PM ET, trading recommenced after a brief pause. The temporary halt in trading was possibly triggered by a momentary disruption in the market, which can happen when a security deviates by 10% from its last eligible sale on the Consolidated Tape, compared to all previous trades within a five-minute timeframe. Additionally, trading halts can also be implemented as a response to unusually high market volatility. Following the halt, a Display Only Period typically ensues, allowing market participants to submit quotations and orders for that particular security within Nasdaq systems.
Bird Global, Inc.
BRDS
Buy
Updated on: 29/09/2023
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 Performance: Volatile Trading Day and Challenging Financials on September 19, 2023
BRDS Stock Performance on September 19, 2023
On September 19, 2023, BRDS stock had a tumultuous day of trading, with the price fluctuating between $0.70 and $1.60. The stock opened at $0.70, the same as the previous day’s closing price. The volume of shares traded was significantly higher than the average volume over the past three months, with 20,776,118 shares changing hands.
BRDS, a company in the transportation sector, operates in the other transportation industry. With a market capitalization of $9.8 million, it is considered a small-cap stock.
The company’s financial performance has been challenging, with a negative earnings growth of -33.32% in the previous year. However, there is a positive revenue growth of 28.40% in the last year, indicating an increase in the company’s top line.
BRDS has a negative net profit margin of -146.63%, indicating that the company is currently operating at a loss.
The stock’s valuation metrics also raise some concerns. The price-to-sales ratio is 0.20, indicating that investors are paying $0.20 for every dollar of sales generated by the company. The price-to-book ratio is 0.33, suggesting that the stock is trading at a discount compared to its book value.
Looking ahead, the next reporting date for BRDS is November 13, 2023. The current EPS forecast for this quarter is -$1.25, indicating a potential loss.
In conclusion, BRDS stock had a volatile trading day on September 19, 2023. The company’s financial performance has been challenging, with negative earnings growth and a negative net profit margin. The stock’s valuation metrics suggest that it is trading at a discount. Investors will be closely watching the upcoming financial results to assess the company’s progress and future prospects.
Promising Stock Performance of Bird Global Inc: Analyst Forecasts and Consensus Rating
On September 19, 2023, Bird Global Inc’s stock performance showed promising signs for investors. According to data from CNN Money, the one analyst offering a 12-month price forecast for BRDS stock had a median target of $10.00, with both the high and low estimates also at $10.00. This indicates a potential increase of 599.30% from the last recorded price of $1.43.
The consensus among one polled investment analyst was to hold stock in Bird Global Inc. This rating has remained steady since August, when it was unchanged from a hold rating. This suggests that the analyst community is cautiously optimistic about the company’s prospects.
Bird Global Inc reported earnings per share of -$1.25 for the current quarter. This indicates that the company has incurred a loss during this period.
Bird Global Inc reported sales of $71.4 million for the current quarter. This indicates a healthy level of revenue generation for the company.
Investors should also keep an eye on the reporting date, which is set for November 13. This will provide further insights into the company’s financial performance and may impact the stock’s future trajectory.
Overall, based on the analyst forecasts and the current consensus rating, Bird Global Inc’s stock performance on September 19, 2023, appears to be promising. However, investors should conduct thorough research and analysis before making any investment decisions. It is essential to consider the company’s financials, industry trends, and any upcoming news or events that may impact the stock’s performance.
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