Allbirds Investor Relations (2024)

FAQs

Is it worth investing in Allbirds? ›

Valuation metrics show that Allbirds, Inc. may be fairly valued. Its Value Score of C indicates it would be a neutral pick for value investors. The financial health and growth prospects of BIRD, demonstrate its potential to perform inline with the market.

Analysts, such as Siegel, said the benefits of direct sales were often overstated. As DTC companies started to fall out of favor, and investors started to pay more attention to profitability, Allbirds stock started to drop.

Allbirds ended the quarter with $102.1 million of cash and cash equivalents and no outstanding borrowings under its $50 million revolving credit facility. Inventories totaled $60.6 million, a decrease of 45% versus a year ago, reflecting fewer units of on hand inventory and a healthier overall composition.

Allbirds Stock Forecast

The 4 analysts with 12-month price forecasts for Allbirds stock have an average target of 1.08, with a low estimate of 0.70 and a high estimate of 1.60. The average target predicts an increase of 51.86% from the current stock price of 0.71.

The Allbirds, Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock.

Bottom line, Allbirds is on shaky ground, and its difficulties in raising capital could be the final nail in the coffin. As it stands, a comeback for Allbirds stock seems like a long shot.

In the fourth quarter of 2023, net loss was $56.8 million compared to $24.9 million in the fourth quarter of 2022, and net loss margin was 78.9% compared to 29.5% in the fourth quarter of 2022.

Sustainable footwear brand Allbirds has until Sept. 30, 2024, to regain compliance with the NASDAQ. Allbirds is at risk of being delisted from the Nasdaq Stock Market (NASDAQ) amid a tumbling stock price.

In 2022, Allbirds officially lost its novelty in Silicon Valley wardrobes. Roughly five years after The New York Times christened Wool Runners part of the Silicon Valley uniform, The Wall Street Journal in December 2022 said that "tech bros" had moved on.

The Allbirds sustainability lawsuit (which the brand won) stemmed from PETA's call-out, in which the world's largest animal rights organization blasted the brand for falsely advertising sheep “living the good life” on Merino wool farms.

Can Allbirds make a comeback? ›

Vernachio is overseeing an ambitious plan to return to growth and shave $35 million in operating and production costs by 2025. But Allbirds sales growth prospects are soft as it sticks to releasing updated versions of classic styles, and a sustainability-driven zero carbon shoe.

China - Our partners work out of a China-based factory in Shenzhen, where knitting and hand-assembly takes place. This factory is WRAP certified, and they pride themselves on being one of the nation's most innovative producers.

Weaknesses of Allbirds

Despite its strengths, Allbirds also faces certain weaknesses. Supply chain issues and challenges related to product availability have been areas of concern for the brand. These issues can hinder the brand's ability to meet customer demand and potentially impact its growth.

Nasdaq gives former unicorn Allbirds a compliance warning | Fortune.

After the initial success, Allbirds tried to expand beyond its base of 30- and 40-year-olds to attract younger customers with more technical running shoes and other trainers in brighter colors and edgier patterns. It also pushed into new categories—underwear, puffer jackets and golf shoes.

Stock Prediction 2030. In 2030, the Allbirds, Inc. stock will reach $ 0.025852 if it maintains its current 10-year average growth rate. If this Allbirds, Inc. stock prediction for 2030 materializes, BIRD stock will grow -96.54% from its current price.

After the initial success, Allbirds tried to expand beyond its base of 30- and 40-year-olds to attract younger customers with more technical running shoes and other trainers in brighter colors and edgier patterns.

Despite recently launching an updated version of this shoe in the form of the Wool Runners 2 (more below), Allbirds will continue to offer the original silhouette indefinitely, as it's an incredibly popular style. Read our full Allbirds Wool Runners review.