Birkenstock Holding Plc (BIRK) 20 Days SMA touches 10.10%: The odds favor the bear

Birkenstock Holding Plc (NYSE: BIRK) on Tuesday, soared 0.37% from the previous trading day, before settling in for the closing price of $59.93. Within the past 52 weeks, BIRK’s price has moved between $41.00 and $64.78.

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During the last 5-year period, the sales growth of Consumer Cyclical Sector giant was 19.41%. The company achieved an average annual earnings per share of 34.32%. With a float of $39.92 million, this company’s outstanding shares have now reached $187.83 million.

Let’s determine the extent of company efficiency that accounts for 7400 employees. In terms of profitability, gross margin is 57.69%, operating margin of 23.65%, and the pretax margin is 16.29%.

Birkenstock Holding Plc (BIRK) Insider Activity

Observing investor behavior towards Footwear & Accessories industry stocks is more important than anything else. The insider ownership of Birkenstock Holding Plc is 78.75%, while institutional ownership is 25.31%. The most recent insider transaction that took place on Sep 13 ’24, was worth 1,392,900. Before that another transaction happened on Sep 12 ’24, when Company’s Officer proposed sale 35,000 for $44.79, making the entire transaction worth $1,567,650.

Birkenstock Holding Plc (BIRK) Earnings and Forecasts

Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.54 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 34.32% per share during the next fiscal year.

Birkenstock Holding Plc (NYSE: BIRK) Trading Performance Indicators

Birkenstock Holding Plc (BIRK) is currently performing well based on its current performance indicators. A quick ratio of 1.20 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 5.80. Likewise, its price to free cash flow for the trailing twelve months is 36.49.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.11, a number that is poised to hit 0.16 in the next quarter and is forecasted to reach 2.28 in one year’s time.

Technical Analysis of Birkenstock Holding Plc (BIRK)

Looking closely at Birkenstock Holding Plc (NYSE: BIRK), its last 5-days average volume was 2.63 million, which is a jump from its year-to-date volume of 1.07 million. As of the previous 9 days, the stock’s Stochastic %D was 76.29%. Additionally, its Average True Range was 2.09.

During the past 100 days, Birkenstock Holding Plc’s (BIRK) raw stochastic average was set at 78.83%, which indicates a significant increase from 78.17% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 22.96% in the past 14 days, which was lower than the 42.07% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $50.53, while its 200-day Moving Average is $51.12. However, in the short run, Birkenstock Holding Plc’s stock first resistance to watch stands at $60.56. Second resistance stands at $60.98. The third major resistance level sits at $61.66. If the price goes on to break the first support level at $59.46, it is likely to go to the next support level at $58.78. Should the price break the second support level, the third support level stands at $58.36.

Birkenstock Holding Plc (NYSE: BIRK) Key Stats

Market capitalization of the company is 11.34 billion based on 187,829K outstanding shares. Right now, sales total 1,958 M and income totals 207,850 K. The company made 500,870 K in profit during its latest quarter, and 57,380 K in sales during its previous quarter.