BLBD Stock Summary and Trading Ideas (Blue Bird | NASDAQ:BLBD)

Blue Bird Corp is an American bus manufacturing company. It has its operations in two segments. The Bus segment involves the design, engineering, manufacture and sales of school buses and extended warranties; and the Parts segment which includes the sales of replacement bus parts. It carries its operations in the United States, Canada, and the rest of the world. The majority of its sales are derived from the United States through its bus manufacturing business.

Blue Bird trades on the NASDAQ stock market under the symbol BLBD.

As of April 24, 2024, BLBD stock price declined to $34.99 with 282,644 million shares trading.

BLBD has a beta of 1.14, meaning it tends to be more sensitive to market movements. BLBD has a correlation of 0.06 to the broad based SPY ETF.

BLBD has a market cap of $1.13 billion. This is considered a Small Cap stock.

Last quarter Blue Bird reported $318 million in Revenue and $.91 earnings per share. This beat revenue expectation by $43 million and exceeded earnings estimates by $.54.

In the last 3 years, BLBD stock traded as high as $39.01 and as low as $7.14.

The top ETF exchange traded funds that BLBD belongs to (by Net Assets): VTI, IWM, AIRR, VXF, IWN.

BLBD has outperformed the market in the last year with a return of +97.5%, while the SPY ETF gained +24.2%. In the last 3 month period, BLBD beat the market returning +29.6%, while SPY returned +4.6%. However, in the most recent 2 weeks BLBD has underperformed the stock market by returning -4.2%, while SPY returned -2.7%.

BLBD support price is $35.15 and resistance is $37.43 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BLBD stock will trade within this expected range on the day.