Birkenstock Holding Plc [NYSE: BIRK] traded at a low on Thursday, posting a -0.57 loss after which it closed the day’ session at $54.30.
The results of the trading session contributed to over 5133690 shares changing hands. Over the past one week, the price volatility of Birkenstock Holding Plc stands at 3.89% while the volatility over the past one month is 3.52%.
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The market cap for BIRK stock reached $10.20 billion, with 182.72 million shares outstanding and 25.19 million shares in the current float. Compared to the average trading volume of 785.04K shares, BIRK reached a trading volume of 5133690 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Birkenstock Holding Plc [BIRK]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BIRK shares is $61.41 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BIRK stock is a recommendation set at 1.73. 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.
Exane BNP Paribas have made an estimate for Birkenstock Holding Plc shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on June 20, 2024. While these analysts kept the previous recommendation, Deutsche Bank raised their target price to Buy. The new note on the price target was released on June 13, 2024, representing the official price target for Birkenstock Holding Plc stock. Previously, the target price had yet another raise from $54.20 to $58, while Goldman kept a Neutral rating on BIRK stock. On May 31, 2024, analysts increased their price target for BIRK shares from 56 to 63.
The Average True Range (ATR) for Birkenstock Holding Plc is set at 2.03, with the Price to Sales ratio for BIRK stock in the period of the last 12 months amounting to 5.76. The Price to Book ratio for the last quarter was 3.70, with the Price to Cash per share for the same quarter was set at 1.01.
How has BIRK stock performed recently?
Birkenstock Holding Plc [BIRK] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -11.19. With this latest performance, BIRK shares gained by 10.41% in over the last four-week period, additionally plugging by 10.75% over the last 6 months.
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 BIRK stock in for the last two-week period is set at 44.85, with the RSI for the last a single of trading hit 33.89, and the three-weeks RSI is set at 50.48 for Birkenstock Holding Plc [BIRK]. The present Moving Average for the last 50 days of trading for this stock 50.85, while it was recorded at 57.51 for the last single week of trading.
Birkenstock Holding Plc [BIRK]: Deeper insight into the fundamentals
Birkenstock Holding Plc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.13 and a Current Ratio set at 2.87.
Earnings analysis for Birkenstock Holding Plc [BIRK]
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 BIRK. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Birkenstock Holding Plc go to 24.61%.
Insider trade positions for Birkenstock Holding Plc [BIRK]
The top three institutional holders of BIRK 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 BIRK stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in BIRK stock with ownership which is approximately 5.8386%.
