Bluebird bio Inc (NASDAQ: BLUE) Recovers 25.73% From 52-Week Low, Is BLUE Still A High-Risk, High-Reward Play?

Bluebird bio Inc (NASDAQ:BLUE) currently has a daily average trading volume of 8.36M but it saw 3032550 shares traded in last market. With a market cap of 206.23M USD, the company’s current market price of $1.07 remained unchanged while comparing to the previous closing price of $1.07. In past 52 weeks, the stock remained buoying in the range of price level as high as $5.53 and as low as $0.85.

Taking a look at 20-day trading activity of Bluebird bio Inc (BLUE) gives us an average price of $0.9751, while its current price level is -80.65% below from 52-week high level whereas it is 25.73% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $1.1599 while that of 200 days or SMA-200 reads an average of $2.2731. A closer look into the stock’s movement over the week reveals that its volatility is standing at 13.54% during that period while stretching the period over a month that decreases to 10.32%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 52.23 which implies that the stock is in neutral territory.

Morgan Stanley upgraded its recommendation for the stock as a “Equal-Weight” from “Underweight” on December 08, 2023 while assigning a price target range of $3-$7.

Over the week, BLUE’s stock price is moving 9.79% up while it is 8.05% when we observe its performance for the past one month. Year-to-date it is -22.46% down and over the past year, the stock is showing a downside performance of -74.03%.

Currently, Bluebird bio Inc’s total number of outstanding shares is 192.74M. Company’s return on investment (ROI) stands at -20.06% and return on equity (ROE) at -47.81%. Stock’s beta reads 0.86. Stock has a price to book (P/B) ratio of 0.51 while price to sale or P/S ratio amounts to 9.49. Its return on asset (ROA) is -16.08% on average.