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Investors Considering Selling Bird Global Inc. (Bird Global Inc.:BRDS) Holdings?

Bird Global Inc. (NYSE:BRDS) traded at $0.26 at last check on Tuesday, January 24, made an upward move of 1.91% on its previous day’s price.

Looking at the stock we see that its previous close was $0.26 with the day’s price range being $0.245 – $0.2604. In terms of its 52-week price range, BRDS has a high of $4.10 and a low of $0.14. The company’s stock has gained about 60.56% over that past 30 days.

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Bird Global Inc. has a market cap of $76.46 million and is expected to release its quarterly earnings report on Aug 15, 2022. Estimates by analysts give the company expected earnings per share (EPS) of -$0.15, with the EPS growth for the year raised at -$1.6 for 2022 and -$0.49 for next year. These figures represent 36.30% and 69.40% growth in EPS for the two years respectively.

Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $98.42 million, with a low of $92.61 million and a high of $104.09 million. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2022 is expected to hit $278.23 million, or 35.60% up from figures reported last year.

There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the BRDS stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 50% Sell. Long term indicators on average place the stock in the category of 100% Sell.

Looking further, we note the current price level is 19.52% off its SMA20 and 13.43% from its 50-day simple moving average. The RSI (14) is pointing at 59.55 while the volatility over the past week is 12.13% and jumps to 14.32% over the past one month. The average price target for the stock over the next 12 months is $0.40, with the estimates having a low of $0.40 and a high of $0.40. These price ends are -53.85% and -53.85% off the today’s price level respectively, although investors could be excited at the prospect of a -53.85% if the BRDS share price touches on the median price of $0.40.

Coming back to Bird Global Inc. (NYSE:BRDS), we note that the average 3-month trading volume was 2.36 million, while that of the preceding 10-day period stands at 1.65 million. Current shares outstanding are 280.91 million.

The insiders hold 16.40% of the company’s shares while institutions hold 62.00%. The data shows that short shares as of Oct 13, 2022, stood at 19.85 million at a short ratio of 7.57. This represents a 6.96% short interest in shares outstanding on Oct 13, 2022. Shares short rose in October from the previous month at 18.99 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock 42.56% up in year-to-date price movement.

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