Allbirds, Inc. to Issue Special Dividend of $0.31 (NASDAQ:BIRD)

Allbirds, Inc. (NASDAQ:BIRD) announced a special dividend on Wednesday, August 19th. Stockholders of record on Thursday, June 25th will be paid a dividend of 0.31 per share on Thursday, August 20th. The ex-dividend date is Friday, August 21st.

Allbirds Stock Performance

Allbirds stock traded down $0.01 during trading on Wednesday, hitting $2.40. The stock had a trading volume of 257,701 shares, compared to its average volume of 3,028,355. Allbirds has a 1 year low of $2.15 and a 1 year high of $24.31. The company has a quick ratio of 0.68, a current ratio of 1.59 and a debt-to-equity ratio of 1.07. The stock’s 50 day moving average is $3.34 and its two-hundred day moving average is $3.92. The stock has a market cap of $21.14 million, a price-to-earnings ratio of -0.26 and a beta of 2.59.

Allbirds (NASDAQ:BIRD) last released its earnings results on Tuesday, August 18th. The company reported ($1.79) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.49) by ($0.30). Allbirds had a negative return on equity of 173.54% and a negative net margin of 53.36%.The firm had revenue of $2.76 million during the quarter, compared to analysts’ expectations of $29.50 million.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Wall Street Zen downgraded shares of Allbirds from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Weiss Ratings upgraded shares of Allbirds from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, June 1st. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Allbirds has an average rating of “Reduce”.

Allbirds Company Profile

Allbirds, Inc is a sustainable lifestyle company specializing in environmentally friendly footwear and apparel. The company’s core business centers on designing, manufacturing, and selling shoes that leverage natural and recycled materials to minimize ecological impact. Allbirds’ product portfolio includes lifestyle sneakers, running shoes, and casual slip-ons, all engineered for comfort, durability, and low carbon footprint.

The company’s signature offerings include the Wool Runner series, crafted from New Zealand merino wool, and the Tree line, which uses eucalyptus fiber.