Blue Bird Corp [NASDAQ: BLBD] closed the trading session at $46.72.
The stocks have a year to date performance of 73.29 percent and weekly performance of 36.21 percent. The stock has been moved at 156.70 percent over the last six months. The stock has performed 30.14 percent around the most recent 30 days and changed 54.04 percent over the most recent 3-months.
If compared to the average trading volume of 495.13K shares, BLBD reached to a volume of 2882159 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Blue Bird Corp [BLBD]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BLBD shares is $44.79 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BLBD stock is a recommendation set at 1.14. 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.
Needham have made an estimate for Blue Bird Corp shares, keeping their opinion on the stock as Buy, with their previous recommendation back on February 29, 2024. While these analysts kept the previous recommendation, Barclays raised their target price to Overweight. The new note on the price target was released on September 11, 2023, representing the official price target for Blue Bird Corp stock.
The Average True Range (ATR) for Blue Bird Corp is set at 2.18, with the Price to Sales ratio for BLBD stock in the period of the last 12 months amounting to 1.19. The Price to Book ratio for the last quarter was 14.26, with the Price to Cash per share for the same quarter was set at 2.89. Price to Free Cash Flow for BLBD in the course of the last twelve months was 12.25 with Quick ratio for the last quarter at 0.56.
BLBD stock trade performance evaluation
Blue Bird Corp [BLBD] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 36.21. With this latest performance, BLBD shares gained by 30.14% in over the last four-week period, additionally plugging by 156.70% over the last 6 months – not to mention a rise of 150.78% 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 BLBD stock in for the last two-week period is set at 79.40, with the RSI for the last a single of trading hit 86.09, and the three-weeks RSI is set at 74.82 for Blue Bird Corp [BLBD]. The present Moving Average for the last 50 days of trading for this stock 35.30, while it was recorded at 38.69 for the last single week of trading, and 25.94 for the last 200 days.
Blue Bird Corp [BLBD]: An insightful look at the core fundamentals
Blue Bird Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.56 and a Current Ratio set at 1.23.
Earnings per share (EPS) analysis for Blue Bird Corp [BLBD] stock
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 BLBD. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Blue Bird Corp go to 43.55%.
Blue Bird Corp [BLBD]: Institutional Ownership
The top three institutional holders of BLBD stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in BLBD stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in BLBD stock with ownership which is approximately 5.8386%.
