Birkenstock Holding Plc [NYSE: BIRK] stock went on a downward path that fall over -16.14% on Thursday, amounting to a one-week price decrease of less than -18.19%.
The one-year Birkenstock Holding Plc stock forecast points to a potential upside of 24.99. The average equity rating for BIRK stock is currently 1.53, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $9.56 billion, with 182.72 million shares outstanding and 58.18 million shares in the current float. Compared to the average trading volume of 1.23M shares, BIRK stock reached a trading volume of 5825736 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $67.86 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 1.53. 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.
Telsey Advisory Group have made an estimate for Birkenstock Holding Plc shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on August 23, 2024. While these analysts kept the previous recommendation, BofA Securities raised their target price from $62 to $65. The new note on the price target was released on July 25, 2024, representing the official price target for Birkenstock Holding Plc stock. Previously, the target price had yet another raise from $52 to $85, while UBS kept a Buy rating on BIRK stock.
The Average True Range (ATR) for Birkenstock Holding Plc is set at 2.52, with the Price to Sales ratio for BIRK stock in the period of the last 12 months amounting to 5.40. The Price to Book ratio for the last quarter was 3.47, with the Price to Cash per share for the same quarter was set at 1.01.
BIRK Stock Performance Analysis:
Birkenstock Holding Plc [BIRK] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -18.19. With this latest performance, BIRK shares dropped by -13.89% in over the last four-week period, additionally plugging by 1.78% 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 31.05, with the RSI for the last a single of trading hit 23.07, and the three-weeks RSI is set at 36.50 for Birkenstock Holding Plc [BIRK]. The present Moving Average for the last 50 days of trading for this stock 57.61, while it was recorded at 59.91 for the last single week of trading, and 50.17 for the last 200 days.
Insight into Birkenstock Holding Plc 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.
BIRK Stock EPS
With the latest financial reports released by the company, Birkenstock Holding Plc posted 0.15/share EPS, while the average EPS was predicted by analysts to be reported at 0.18/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -0.03. 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 25.32%.
