BlackRock Fund Advisors has recently announced that it has increased stake in Bird Global Inc. (NYSE:BRDS) by 300.47%. After grabbing 8.89 million shares, the institutional investor is now in possession of 6.67 million shares of the Industrials Company. The new investment brought the stake of investor firm to 3.55% having worth around $3.86 million. Moreover, SSgA Funds Management, Inc. increased its share by 2.23 million to have a control over 3.66 million shares. And Geode Capital Management LLC raised its holdings to 1.53 million shares by acquiring 2.8 million shares or 1.12% of the stake.
Bird Global Inc. (BRDS) concluded trading on 11/17/22 at a closing price of $0.24, with 5.17 million shares of worth about $1.24 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -69.83% during that period and on Thursday the price saw a loss of about -16.61%. Currently the company’s common shares owned by public are about 272.02M shares, out of which, 178.00M shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 47 times over the past 12 months. They bought 11,554,410 shares in 22 of the transactions. In 25 selling transactions, insiders dumped 2,802,035 shares.
Fidelity Blue Chip Growth Fund, Vanguard Total Stock Market Index, and Caisse de Dépôt & Placement du Qu are the top 3 mutual funds which are holding stakes in Bird Global Inc. Fidelity Blue Chip Growth Fund is currently holding 11.28 million shares of worth totaling $4.9 million. The company recently came buying 0.61 million shares which brought its stake up to 4.50% of the company’s outstanding shares. Caisse de Dépôt & Placement du Qu, after buying 3.79 million shares, have now control over 1.51% of the stake in the company. It holds 3.79 million shares of worth $1.64 million.
Bird Global Inc. (NYSE: BRDS) started trading at $0.2796, below -$0.01 from concluding price of the previous day. However, the stock later moved at a day high price of 0.2941, or with a loss of -16.61%. Stock saw a price change of -41.46% in past 5 days and over the past one month there was a price change of -32.43%. Year-to-date (YTD), BRDS shares are showing a performance of -96.14% which decreased to -96.41% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.28 but also hit the highest price of $9.05 during that period. The average intraday trading volume for Bird Global Inc. shares is 2.88 million. The stock is currently trading -37.90% below its 20-day simple moving average (SMA20), while that difference is down -38.25% for SMA50 and it goes to -80.77% lower than SMA200.
BlackRock Fund Advisors acquired 8.89 million shares of Bird Global Inc. having value of about $3.86 million. Data submitted at the U.S SEC by BlackRock Fund Advisors revealed that the firm now holds 6.67 million shares in the company valued at close to $1601494.32, or have control over 300.47% stake in the company. Bird Global Inc. (NYSE: BRDS) currently have 272.02M outstanding shares and institutions hold larger chunk of about 64.60% of that. Holding of mutual funds in the company is about 57.17% while other institutional holders and individual stake holders have control over 6.08% and 16.82% of the stake respectively.
The stock has a current market capitalization of $55.93M. It has posted earnings per share of -$1.41 in the same period. It has Quick Ratio of 0.60 while making debt-to-equity ratio of 1.31. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for BRDS, volatility over the week remained 17.84% while standing at 10.74% over the month.
Analysts are in expectations that Bird Global Inc. (BRDS) stock would likely to be making an EPS of -$0.15 in the current quarter, while forecast for next quarter EPS is -$0.18 and it is -$0.49 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.24 which is -$0.06 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.72 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -2.40% while it is estimated to increase by 69.40% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Goldman on January 07, 2022 offering a Neutral rating for the stock and assigned a target price of $6 to it.