Birkenstock (BIRK) Stock Price

Financial Performance

Birkenstock's financial performance indicates a challenging period for the company. Their reported revenue of $361.7M is down by -20.6% from the previous quarter and down by -36% YoY, indicating a significant decrease in sales volume or price per unit sold. The gross profit of $218M also shows a decline both QoQ (-18.9%) and YoY (-35.1%). This suggests that cost of goods sold has increased or sales have decreased significantly, impacting profitability negatively. Operating income was at $64M which is down by -34.3% QoQ and -58.8% YoY, suggesting issues with operational efficiency and cost management.

Stock Price

The stock price is currently at $47.55, up by 9% in the last month but still below its 200-day moving average of $52.18, indicating bearish market sentiment for the stock in the medium term despite recent gains. The RSI value at 54 indicates neither overbought nor oversold conditions.

Alternative Data Signals

In terms of alternative data signals, Birkenstock’s web traffic seems to be growing MoM (up by 56%), although it's slightly lower YoY (down by -5%). This suggests an increase in online interest that may potentially translate into higher sales going forward if sustained over time. Job openings are slightly down MoM (-1%), pointing towards potential slowing growth or cost-cutting measures being implemented.

A positive sign comes from employees' business outlook with an estimated 78% reporting positive sentiments which could indicate good internal morale and confidence in future business prospects from those who know the company best.

Moreover, Birkenstock's social media presence is growing across all platforms (Twitter, Instagram, TikTok and Facebook), which can potentially increase brand awareness and customer engagement.

Conclusion

In conclusion, despite challenging financial performance in the recent quarters and a stock price that’s trading below its 200-day moving average, alternative data signals like web traffic trends and business outlook provide some positive indications. The overall analysis seems to be neutral for Birkenstock's stock at this point.

Note: This AI Stock Analysis is based on data as of April 19. Our members can refresh and get access to an up-to-date AI stock analysis.

Sign up

Based on a combination of financial analysis, technical indicators, and insights from alternative data, we predict that the stock price of Birkenstock (BIRK), currently trading at $50.68, will... Sign up to access price prediction.

Disclaimer:
This prediction is provided for informational purposes only and does not constitute financial advice. Market conditions are subject to change, and past performance is not indicative of future results. Please conduct your own research or consult a professional before making investment decisions.