Blue Bird (BLBD, $9.39) posts Q4 loss
Blue Bird incurred a net loss of -$23.1 million, or -72 cents a share, for the three months ended Oct. widening from the year-ago quarter’s loss of -$2.4 million, or -9 cents a share.
Excluding one-time items, the loss per share was -66 cents, compared to analysts ‘ expectations of -5 cents loss a share (based on Factset poll). Revenue surged +34% year-over-year to $257.7 million, as bus sales grew $60.6 million on the back of a +28% increase in average sales price per unit.
For the full-year, Blue Bird has projected revenue between $900 million and $1 billion, compared to analysts’ forecasts of $999.6 million. (according to FactSet).
BLBD's Stochastic Oscillator remains in oversold zone for 2 days
Be on the lookout for a price bounce soon.
Technical Analysis (Indicators)
Bullish Trend Analysis
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where BLBD's RSI Indicator exited the oversold zone, of 29 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where BLBD advanced for three days, in of 343 cases, the price rose further within the following month. The odds of a continued upward trend are .
BLBD may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on October 23, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on BLBD as a result. In of 88 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for BLBD turned negative on October 23, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 47 similar instances when the indicator turned negative. In of the 47 cases the stock turned lower in the days that followed. This puts the odds of success at .
BLBD moved below its 50-day moving average on September 27, 2024 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for BLBD crossed bearishly below the 50-day moving average on October 04, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 16 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where BLBD declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for BLBD entered a downward trend on October 28, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
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Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
