70 percent of Bird E-Scooter Riders in Dallas Are Returning Customers Following Much Anticipated Reentry

BRDSDelisted Stock  USD 2.28  0.07  2.98%   
Slightly above 62% of Bird Global's investor base is looking to short. The analysis of current outlook of investing in Bird Global suggests that many traders are alarmed regarding Bird Global's prospects. Bird Global's investing sentiment can be driven by a variety of factors including economic data, Bird Global's earnings reports, geopolitical events, and overall market trends.
  
DALLAS, June 14, 2023 Bird officially returned to Dallas on May 31, 2023 as part of the citys new micromobility program providing eco-friendly transportation options to replace gas-powered car trips. The much-anticipated reentry has proven successful with nearly 8,000 rides taken in its first two weeks of operation, an average of two trips per rider, 70 percent of whom are returning customers.

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Bird Global Fundamental Analysis

We analyze Bird Global's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Bird Global using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Bird Global based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Market Capitalization

Market Capitalization Comparative Analysis

Bird Global is currently under evaluation in market capitalization category among its peers. Market Capitalization is the total market value of a company's equity. It is one of many ways to value a company and is calculated by multiplying the price of the stock by the number of shares issued. If a firm has one type of stock its market capitalization will be the current market share price multiplied by the number of shares. However, if a company has multiple types of equities then the market cap will be the total of the market caps of the different types of shares.

Bird Global Potential Pair-trading

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Bird Global stock to make a market-neutral strategy. Peer analysis of Bird Global could also be used in its relative valuation, which is a method of valuing Bird Global by comparing valuation metrics with similar companies.

Peers

Bird Global Related Equities

HTZWWHertz Global   10.77   
0%
100.0%
FPAYFlexShopper   7.03   
0%
65.0%
HTZHertz Global   6.49   
0%
60.0%
MWGMulti Ways   3.85   
0%
35.0%
HEESHE Equipment   1.15   
0%
10.0%
URIUnited Rentals   1.05   
0%
9.0%
HRIHerc Holdings   0.98   
0%
9.0%
PRGPROG Holdings   0.93   
0%
8.0%
FTAINFortress Transportation   0.80   
0%
7.0%
RRyder System   0.48   
0%
4.0%
CARAvis Budget   0.21   
0%
1.0%
ASHTYAshtead Gro   0.19   
0%
1.0%
Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.
You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.

Other Consideration for investing in Bird Stock

If you are still planning to invest in Bird Global check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Bird Global's history and understand the potential risks before investing.
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