Bluebird bio Inc [NASDAQ: BLUE] closed the trading session at $1.13.
The stocks have a year to date performance of -18.12 percent and weekly performance of -8.87 percent. The stock has been moved at 0.00 percent over the last six months. The stock has performed 14.81 percent around the most recent 30 days and changed 22.37 percent over the most recent 3-months.
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If compared to the average trading volume of 6.08M shares, BLUE reached to a volume of 4465902 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 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 $4.12 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 2.64. 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.
HSBC Securities have made an estimate for Bluebird bio Inc shares, keeping their opinion on the stock as Reduce, with their previous recommendation back on December 11, 2023. While these analysts kept the previous recommendation, Morgan Stanley raised their target price from $3 to $7. The new note on the price target was released on December 08, 2023, representing the official price target for Bluebird bio Inc stock.
The Average True Range (ATR) for Bluebird bio Inc is set at 0.10, with the Price to Sales ratio for BLUE stock in the period of the last 12 months amounting to 10.02. The Price to Book ratio for the last quarter was 0.54, with the Price to Cash per share for the same quarter was set at 0.95.
BLUE stock trade performance evaluation
Bluebird bio Inc [BLUE] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -8.87. With this latest performance, BLUE shares gained by 14.81% in over the last four-week period, additionally sinking by 0.00% over the last 6 months – not to mention a drop of -71.39% 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 51.38, with the RSI for the last a single of trading hit 48.56, and the three-weeks RSI is set at 52.14 for Bluebird bio Inc [BLUE]. The present Moving Average for the last 50 days of trading for this stock 1.0212, while it was recorded at 1.1840 for the last single week of trading, and 1.6642 for the last 200 days.
Bluebird bio Inc [BLUE]: An insightful look at the core fundamentals
Bluebird bio Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.42 and a Current Ratio set at 1.55.
Earnings per share (EPS) analysis for Bluebird bio Inc [BLUE] 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 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 45.80%.
Bluebird bio Inc [BLUE]: Institutional Ownership
The top three institutional holders of BLUE stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in BLUE stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in BLUE stock with ownership which is approximately 5.1238%.
