Allbirds (NASDAQ:BIRD – Get Free Report) issued its quarterly earnings data on Tuesday. The company reported ($3.23) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($3.40) by $0.17, Zacks reports. Allbirds had a negative net margin of 60.43% and a negative return on equity of 65.30%.
Allbirds Trading Down 3.9 %
Allbirds stock traded down $0.25 on Tuesday, hitting $6.16. 87,558 shares of the stock traded hands, compared to its average volume of 50,360. Allbirds has a 1 year low of $5.76 and a 1 year high of $19.00. The firm has a market cap of $48.86 million, a P/E ratio of -0.38 and a beta of 1.56. The business’s fifty day simple moving average is $6.75 and its 200 day simple moving average is $8.83.
Analyst Upgrades and Downgrades
Separately, Morgan Stanley reduced their price target on shares of Allbirds from $12.00 to $8.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 21st.
Allbirds Company Profile
Allbirds, Inc manufactures and sells footwear and apparel products for men and women in the United States and internationally. The company offers a range of lifestyle and performance shoes; and apparel, including classic tees and sweats, socks, and underwear. It sells its products through its retail stores, as well as online.
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