Taking On Challenges And Growing? – Bluebird bio Inc (BLUE)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Most recently, Yahoo Finance reported about the stock as it publicized that bluebird bio Provides Update on Commercial Launch Progress, Program Milestones, and 2024 Financial Outlook.

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Stocks Info

This NASDAQ-listed company operates within the Biotechnology industry segment, falling under the Healthcare sector. The current market capitalization of Bluebird bio Inc is $294.89M. A total of 10.88 million shares were traded on the day, compared to an average of 14.28M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, BLUE has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 7 BUYs and 5 SELLs from insiders. Insiders purchased 69,403 shares during that period but sold 25,131.

In the most recent transaction, Vittiglio Joseph sold 5,217 shares of BLUE for 0.90 per share on Feb 05. After the transaction, the Chief Business & Legal Officer now owns 44,783 company shares. In a previous transaction on Feb 05, Klima Thomas J sold 2,714 shares at 0.90 per share. BLUE shares that the insider owns now total 129,413.

Among the insiders who sold shares, Obenshain Andrew disposed of 1,879 shares on Feb 05 at a per-share price of $0.90. This resulted in the President and CEO holding 286,093 shares of BLUE after the transaction. In another insider transaction, Obenshain Andrew sold 3,162 shares at $1.43 per share on Jan 05. Company shares held by the President and CEO now total 287,972.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, BLUE has a high of $5.53 and a low of $0.88.

As of this writing, BLUE has an earnings estimate of -$0.66 per share for the current quarter. EPS was calculated based on a consensus of 11 estimates, with a high estimate of -$0.38 per share and a lower estimate of -$0.98. The company reported an EPS of -$0.67 in the last quarter, which was 6.90% higher than expectations of -$0.72.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. BLUE’s latest balance sheet shows that the firm has $299.50M in Cash & Short Term Investments as of fiscal 2021. There were $89.58M in debt and $152.99M in liabilities at the time. Its Book Value Per Share was $2.08, while its Total Shareholder’s Equity was $374.28M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for BLUE is Buy with a score of 3.50.

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