BIRD

AllbirdsF

Nasdaq / Consumer Durables & Apparel

At close

2026-06-02

View Chart

AI scenario view

RankAlpha Sentiment Codex

B+

Bull case

25%

Probability

Target price

$8.00

+80.6% vs current

Most likely

Base case

45%

Probability

Target price

$4.50

+1.6% vs current

B-

Bear case

30%

Probability

Target price

$1.50

-66.1% vs current

AI sentiment snapshot

Latest data as of 2026-05-01

AI commentary

Primary-source evidence dominates the read-through and is negative: the company moved from a March strategic asset sale and dissolution path to an April preliminary-results disclosure showing continued losses and low cash, then added a large new ATM on April 29. Recent headlines in the packet were mostly skeptical or speculative rather than operationally constructive. The anchor close of $6.50 on April 30, 2026 sat below the $6.96 last sale cited in the April 29 prospectus supplement, consistent with unresolved financing overhang, though thin coverage limits conviction about near-term fair value.

RankAlpha Sentiment Codex - 2026-05-01

Open full AI memo

Evidence flagged

No evidence quality warning is currently attached to this memo.

Impact

standard

Confidence

AI events

2026-05-15catalystPreliminary Q1 results reinforce liquidity stressHigh impact

Preliminary Q1 2026 results showed net revenue of about $22.3 million, gross margin of 27.8%, net loss of about $19.6 million, adjusted EBITDA of about negative $16.1 million, and cash of only $14.4 million at March 31, 2026. That follows 2025 cash burn and the 10-K's going-concern language, keeping pressure on any turnaround narrative. [#8-K-2026-04-21] [#10-K-2026-03-31]

2026-05-18eventMay 18 asset-sale and dissolution voteHigh impact

Allbirds disclosed a $39 million asset sale to Allbirds IP LLC/American Exchange Group, with stockholders asked on May 18, 2026 to approve the asset sale, a charter amendment, a Nasdaq proposal tied to convertible notes, and a dissolution plan. This is the key near-term binary for residual equity value. [#8-K-2026-03-30]

2026-05-31catalystATM financing creates heavy dilution overhangHigh impact

The April 29, 2026 8-K and related prospectus supplement put in place a new at-the-market program for up to $50.0 million of Class A stock, versus a roughly $36.2 million market cap in the packet. Even if sales are staged, the financing overhang is material and signals continued dependence on external capital. [#8-K-2026-04-29] [#424B5-2026-04-29]

View full catalyst timeline

Recommendation

N/A

No formal recommendation provided.

Open AI Memo

As of 2026-05-01 • Updated nightlySource: Internal modelMethodology