How to Buy Bluebird Bio Stock
Bluebird Bio Inc
bluebird bio, Inc. , a biotechnology company, researches, develops, and commercializes transformative gene therapies for severe genetic diseases.
Bluebird Bio stock last closed at $1.02, up 7.03% from the previous day, and has decreased 70.35% in one year. It has underperformed other stocks in the Biotechnology industry by 0.45 percentage points. Bluebird Bio stock is currently +16.04% from its 52-week low of $0.88, and -81.56% from its 52-week high of $5.53.
As of Apr 19, 2024, there are 109.34M shares of BLUE outstanding. The market value of BLUE is $111.52M. In the past 24 hours, 8.16M BLUE shares were traded.
How to Buy Bluebird Bio Stock
Wondering how to invest in Bluebird Bio stock? Here's how.
- Choose where to buy Bluebird Bio stock: You need to decide on a stock brokerage, but don't worry - we've analyzed dozens of online brokerages and apps to help you figure out where to buy Bluebird Bio stock.
- Sign up for your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Fund your investment account: Choose your payment method and add your info.
- Analyze Bluebird Bio stock: The Bluebird Bio ticker symbol is BLUE. Is Bluebird Bio stock a good investment? Should you buy shares of BLUE? How do BLUE's underlying business fundamentals look? Do top analysts think Bluebird Bio is a good buy? Why has BLUE's stock price moved recently? (Hint: Our stock research tools can help you understand if BLUE is a good stock to buy).
- Execute your BLUE buy order: Decide if you will purchase BLUE shares at the current market price or use a limit order to buy BLUE shares at a specific price.
- Keep tabs on your BLUE position: Create a watchlist to important notifications about your position in Bluebird Bio shares.
Step 1: Choose where to buy Bluebird Bio stock
You will need a brokerage account to access the NASDAQ market and buy BLUE stock.
Our recommended brokerage: eToro
Based on our experience, eToro is the best brokerage. eToro gives you:
- Invest in stocks with 0% commissions: Invest without paying trading commissions.
- Buy fractional shares: Even if you can't afford a full share, you can still invest in the stock.
- Access to world financial markets: From Technology to Industrials, New York to Hong Kong — you can fill your portfolio with stocks from the globe's leading stock exchanges.
- Social investing: eToro has a community with more than 20 million users globally. Talk to, learn from, and copy the crypto trades of other investors.
- Security: eToro is a regulated and licensed fintech leader.
- Buy other financial assets: Such as ETFs and cryptocurrencies.
Get $10 towards your purchase of stock by signing up for an account with eToro now.
Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've chosen the best brokerage, you'll need to fill out some personal info so you are able to invest in BLUE today.
How to Start a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal info to start your new trading account.
- Submit your data by clicking the "Create Account" button. Get started with eToro today
Step 3: Fund your investment account
Now that you have opened your account on one of the most highly reviewed stock trading apps, your next step is to transfer the money for your investment:
Check out the tutorial below if you need help depositing funds into your investment account.
Step 4: Analyze Bluebird Bio stock
After you have selected the best place to buy Bluebird Bio stock, it's critical to analyze their stock prior to investing, so you actually understand the risk as well as the opportunity.
Bluebird Bio quick stats
Bluebird Bio Due Diligence Checks
WallStreetZen was built to help everyday investors perform better fundamental analysis.
You can view all of the due diligence checks on BLUE's stock page.
Is BLUE stock undervalued or overvalued?
Investors use many financial metrics, analyses, models, and charts to gauge BLUE's true value.
Using relative valuations methods:
- BLUE could be undervalued based on its P/B ratio of 0.5x, relative to Biotechnology industry P/B ratio of 5.74x
You can do more valuation analysis on BLUE's stock here.
A look at BLUE Cashflows and Balance Sheet
Signs that BLUE is financially healthy:
- BLUE has $174.29M in cash and short term investments. This is sufficient to cover its annual cash burn of $85.64M.
- There are more short-term assets than short-term liabilities on the BLUE balance sheet.
- BLUE has cash burn of 85635000. It has enough cash and short-term investments to cover this for at least one year.
- There are more short-term assets than long-term liabilities on the BLUE balance sheet.
Signs that BLUE is not financially healthy:
- Total BLUE debt is higher than 5 years ago, relative to shareholder equity.
- BLUE has a relatively high debt to equity ratio of 1.76.
- BLUE profit margin has gone up by 84.09 percentage points in the past year, but the company is still unprofitable.
Is BLUE stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 8 sell side analysts who give recommendations on BLUE, the consensus analyst rating on BLUE is a Hold
Please note that analyst forecasts are not recommendations, nor are they investment advice.
Latest BLUE Analyst Forecasts
Jack Allen, a bottom 1% analyst from Baird maintains BLUE with a buy rating and lowers their BLUE price target from $10.00 to $7.00, on Dec 12, 2023.
Baird's Jack Allen lowered their price target on Bluebird Bio (NASDAQ: BLUE) by 30% from $10 to $7 on 2023/12/12. The analyst maintained their Buy rating on the stock.
Allen's research note followed Bluebird Bio's 2023/12/08 announcement related to the FDA approval of their sickle cell disease cell therapy, Lyfegenia.
Their reduced price target accounts for near-term dilution risks and the possibility of incremental commercial hurdles, the analyst explained.
However, Allen argued that "pricing and label dynamics concerns are exaggerated."
Accordingly, Baird is sticking with its bullish outlook on Lyfgenia's patient uptake potential, the analyst noted.
Footnotes
Jeffrey Hung, a top 11% analyst from Morgan Stanley upgrades BLUE to a hold rating and raises their BLUE price target from $3.00 to $7.00, on Dec 8, 2023.
Dane Leone, a bottom 4% analyst from Raymond James maintains BLUE with a buy rating and raises their BLUE price target from $10.00 to $13.00, on Nov 8, 2023.
You can dig deeper into what analysts are saying on the Bluebird Bio stock forecast page.
Metrics for Advanced BLUE Traders
Is BLUE Growing Revenue?
Last year, BLUE revenue was $21.73M. During the last 5 year, BLUE's revenue has grown by -11.27% per year. This was slower than the Biotechnology industry average of 28.92%.
Learn more about BLUE's earnings and revenue performance here.
What are BLUE insiders up to?
In the last year, executives and large shareholders at BLUE have sold more shares than they have bought.
Thomas J. Klima, Chief Commercial Operating Officer of BLUE, was the latest BLUE insider to sell. They sold $6,987.54 worth of BLUE shares on Mar 4, 2024.
Dig into more about who owns BLUE shares here.
Does BLUE stock generate passive income?
No, Bluebird Bio doesn't provide an income stream by paying out dividends.
What do other traders have to say about BLUE?
One of the reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to find out what other community members have to say.
Step 5: Execute your BLUE buy order
There are two main types of orders:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are mostly sufficient. - Limit order: A limit order lets you buy or sell a security at a specific price (or better).
If you want to be certain you're buying or selling at an exact price, use a limit order.
Press the Open Trade button and your broker will place the order.
If you need additional info about buying stocks on eToro, click the how to video below:
Step 6: Keep tabs on your BLUE position
Now that you own some BLUE stock, you'll want to stay up-to-date on your new company.
Put BLUE on a watchlist to keep track of your BLUE stock.
BLUE Feed
How to Buy Stock in Bluebird Bio
To summarize, here are the 6 steps to buy stock in Bluebird Bio:
- Choose where to buy Bluebird Bio stock
- Sign up for your brokerage account
- Fund your investment account
- Analyze Bluebird Bio stock
- Execute your BLUE buy order
- Keep tabs on your BLUE position
If you are looking for a online brokerage, eToro is our favorite option.
Get Started with eToro TodayIf you want to get the latest scoop on your new investment in Bluebird Bio, create a watchlist today.
Related Stock Buying Guides
FAQ
Company
AboutNewsBlogStock Investing FAQPlansPrivacy PolicyTerms of ServiceCancellation & RefundsHelp GuidesContactTwitterYouTubeNewsletterInformation is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.