bluebird bio Inc. [BLUE] Stock trading around $7.88 per share: What’s Next?

bluebird bio Inc. [NASDAQ: BLUE] price surged by 3.55 percent to reach at $0.27. The company report on January 5, 2023 that bluebird bio to Present at the 41st Annual J.P. Morgan Healthcare Conference.

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bluebird bio, Inc. (Nasdaq: BLUE) today announced that Andrew Obenshain, chief executive officer, bluebird bio, will present a corporate update at the 41st Annual J.P. Morgan Healthcare Conference on Thursday, January 12, 2023, at 7:30AM PT.

To access the live webcast of bluebird bio’s presentation, please visit the “Events & Presentations” page within the Investors & Media section of the bluebird bio website at A replay of the webcast will be available on the bluebird bio website for 30 days following the event.

A sum of 3661988 shares traded at recent session while its average daily volume was at 3.61M shares. bluebird bio Inc. shares reached a high of $8.14 and dropped to a low of $7.48 until finishing in the latest session at $7.88.

The one-year BLUE stock forecast points to a potential downside of -7.5. The average equity rating for BLUE stock is currently 3.10, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on bluebird bio Inc. [BLUE]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BLUE shares is $7.33 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BLUE stock is a recommendation set at 3.10. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Barclays have made an estimate for bluebird bio Inc. shares, keeping their opinion on the stock as Equal Weight, with their previous recommendation back on August 05, 2022. The new note on the price target was released on August 02, 2022, representing the official price target for bluebird bio Inc. stock.

The Average True Range (ATR) for bluebird bio Inc. is set at 0.54, with the Price to Sales ratio for BLUE stock in the period of the last 12 months amounting to 127.36. The Price to Book ratio for the last quarter was 4.04, with the Price to Cash per share for the same quarter was set at 1.69.

BLUE Stock Performance Analysis:

bluebird bio Inc. [BLUE] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 19.58. With this latest performance, BLUE shares dropped by -1.62% in over the last four-week period, additionally plugging by 56.97% over the last 6 months – not to mention a drop of -21.12% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for BLUE stock in for the last two-week period is set at 56.72, with the RSI for the last a single of trading hit 61.09, and the three-weeks RSI is set at 55.15 for bluebird bio Inc. [BLUE]. The present Moving Average for the last 50 days of trading for this stock 7.22, while it was recorded at 7.25 for the last single week of trading, and 5.55 for the last 200 days.

Insight into bluebird bio Inc. Fundamentals:

bluebird bio Inc.’s liquidity data is similarly interesting compelling, with a Current Ratio set at 1.30.


The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for BLUE. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for bluebird bio Inc. go to 56.40%.

bluebird bio Inc. [BLUE] Insider Position Details

There are presently around $518 million, or 81.30% of BLUE stock, in the hands of institutional investors. The top three institutional holders of BLUE stocks are: STATE STREET CORP with ownership of 12,720,480, which is approximately 596.974% of the company’s market cap and around 1.20% of the total institutional ownership; BLACKROCK INC., holding 6,898,975 shares of the stock with an approximate value of $54.36 million in BLUE stocks shares; and TANG CAPITAL MANAGEMENT LLC, currently with $49.92 million in BLUE stock with ownership of nearly 7.188% of the company’s market capitalization.

Positions in bluebird bio Inc. stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 97 institutional holders increased their position in bluebird bio Inc. [NASDAQ:BLUE] by around 27,168,037 shares. Additionally, 62 investors decreased positions by around 16,488,682 shares, while 31 investors held positions by with 22,134,797 shares. The mentioned changes placed institutional holdings at 65,791,516 shares, according to the latest SEC report filing. BLUE stock had 36 new institutional investments in for a total of 5,486,526 shares, while 27 institutional investors sold positions of 4,412,077 shares during the same period.


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