While Blue Bird Corp has overperformed by 4.35%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, BLBD rose by 110.84%, with highs and lows ranging from $59.40 to $17.79, whereas the simple moving average fell by -10.93% in the last 200 days.
On October 09, 2024, BTIG Research started tracking Blue Bird Corp (NASDAQ: BLBD) recommending Buy. A report published by ROTH MKM on October 03, 2024, Downgraded its rating to ‘Neutral’ for BLBD. Needham also reiterated BLBD shares as ‘Buy’, quoting a target price of $65 on the company’s shares in a report dated July 17, 2024. Needham Initiated an Buy rating on February 29, 2024, and assigned a price target of $44. Barclays initiated its ‘Overweight’ rating for BLBD, as published in its report on September 11, 2023. BofA Securities also rated the stock as ‘Buy’.
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Analysis of Blue Bird Corp (BLBD)
Further, the quarter-over-quarter increase in sales is 13.28%, showing a positive trend in the upcoming months.
One of the most important indicators of Blue Bird Corp’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of 134.71% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.66, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and BLBD is recording 692.10K average volume. On a monthly basis, the volatility of the stock is set at 5.14%, whereas on a weekly basis, it is put at 6.52%, with a loss of -5.23% over the past seven days. Furthermore, long-term investors anticipate a median target price of $59.75, showing growth from the present price of $39.30, which can serve as yet another indication of whether BLBD is worth investing in or should be passed over.
How Do You Analyze Blue Bird Corp Shares?
The Farm & Heavy Construction Machinery market is dominated by Blue Bird Corp (BLBD) based in the USA. When comparing Blue Bird Corp shares with other companies under Industrials, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 13.01, there is a growth in quarterly earnings of 197.14%.
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 1.80%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 94.49% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
BLBD shares are owned by institutional investors to the tune of 94.49% at present.
