Stocks of Bluebird bio Inc (NASDAQ:BLUE) traded higher last session on Wall Street, down -7.08% to $0.95.
BLUE stock price is now -2.20% away from the 50-day moving average and -50.72% away from the 200-day moving average. The market capitalization of the company currently stands at $182.68M.
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On December 08, 2023, Morgan Stanley Upgraded its previous ‘Underweight’ rating to ‘Equal-Weight’ on the stock increasing its target price from $3 to quote $7, while ‘Cantor Fitzgerald’ rates the stock as ‘Neutral’
In other news, Klima Thomas J, insider sold 3,834 shares of the company’s stock on Jun 03 ’24. The stock was sold for $3,726 at an average price of $0.97. Upon completion of the transaction, the insider now directly owns 121,006 shares in the company, valued at $0.11 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 04 ’24, President and CEO Obenshain Andrew sold 6,095 shares of the business’s stock. A total of $9,311 was realized by selling the stock at an average price of $1.53. This leaves the insider owning 279,998 shares of the company worth $0.27 million. A total of 1.51% of the company’s stock is owned by insiders.
During the past 12 months, Bluebird bio Inc has had a low of $0.85 and a high of $5.53. As of last week, the company has a debt-to-equity ratio of 1.36, a current ratio of 1.55, and a quick ratio of 1.42. The fifty day moving average price for BLUE is $0.9686 and a two-hundred day moving average price translates $1.9234 for the stock.
The latest earnings results from Bluebird bio Inc (NASDAQ: BLUE) was released for 2023-09-30. The net profit margin was -419.62% and return on equity was -47.81% for BLUE. The company reported revenue of $12.39 million for the quarter, compared to $71000.0 a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 17353.52 percent.
