Considering Blend Labs Inc. (BLND) as a potential investment: What Should You Do?

After finishing at $2.05 in the prior trading day, Blend Labs Inc. (NYSE: BLND) closed at $2.10, up 2.44%. In other words, the price has increased by $+0.0500 from its previous closing price. On the day, 1030846 shares were traded. BLND stock price reached its highest trading level at $2.1800 during the session, while it also had its lowest trading level at $1.9900.

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Our goal is to gain a better understanding of BLND by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 10.30 and its Current Ratio is at 10.30. In the meantime, Its Debt-to-Equity ratio is 1.23 whereas as Long-Term Debt/Eq ratio is at 1.23.

Upgrades & Downgrades

On July 25, 2022, Keefe Bruyette Downgraded its rating to Underperform which previously was Mkt Perform and also lowered its target price recommendation from $4 to $2.75.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Feb 01 when Sumner Crystal sold 15,180 shares for $1.64 per share. The transaction valued at 24,819 led to the insider holds 440,057 shares of the business.

Sumner Crystal sold 45,943 shares of BLND for $51,475 on Dec 27. The Head of Legal, Compliance,Risk now owns 455,237 shares after completing the transaction at $1.12 per share. On Dec 20, another insider, Greenberg Marc S., who serves as the Head of Finance of the company, sold 23,160 shares for $1.22 each. As a result, the insider received 28,170 and left with 124,164 shares of the company.

Valuation Measures:

For the stock, the TTM Price-to-Sale (P/S) ratio is 1.84 while its Price-to-Book (P/B) ratio in mrq is 2.80.

Stock Price History:

Over the past 52 weeks, BLND has reached a high of $10.22, while it has fallen to a 52-week low of $1.00. The 50-Day Moving Average of the stock is 1.4396, while the 200-Day Moving Average is calculated to be 2.5336.

Shares Statistics:

The stock has traded on average 1.83M shares per day over the past 3-months and 1.64M shares per day over the last 10 days, according to various share statistics. A total of 235.27M shares are outstanding, with a floating share count of 210.77M. Insiders hold about 0.60% of the company’s shares, while institutions hold 68.50% stake in the company. Shares short for BLND as of Oct 13, 2022 were 16.34M with a Short Ratio of 11.20M, compared to 13.17M on Sep 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 6.96% and a Short% of Float of 8.80%.

Earnings Estimates

Its stock is currently analyzed by 7 different market analysts. On average, analysts expect EPS of -$0.17 for the current quarter, with a high estimate of -$0.12 and a low estimate of -$0.21, while EPS last year was -$0.13. The consensus estimate for the next quarter is -$0.16, with high estimates of -$0.1 and low estimates of -$0.2.

Analysts are recommending an EPS of between -$0.62 and -$0.8 for the fiscal current year, implying an average EPS of -$0.71. EPS for the following year is -$0.46, with 7 analysts recommending between -$0.36 and -$0.56.

Revenue Estimates

10 analysts predict $51.32M in revenue for the current quarter. It ranges from a high estimate of $54.8M to a low estimate of $45.79M. As of the current estimate, Blend Labs Inc.’s year-ago sales were $86.31M, an estimated decrease of -40.50% from the year-ago figure. For the next quarter, 10 analysts are estimating revenue of $48.88M, a decrease of -39.60% over than the figure of -$40.50% in the same quarter last year. There is a high estimate of $52.65M for the next quarter, whereas the lowest estimate is $42.3M.

A total of 9 analysts have provided revenue estimates for BLND’s current fiscal year. The highest revenue estimate was $243.7M, while the lowest revenue estimate was $225.31M, resulting in an average revenue estimate of $236.63M. In the same quarter a year ago, actual revenue was $234.5M, up 0.90% from the average estimate. Based on 9 analysts’ estimates, the company’s revenue will be $229.05M in the next fiscal year. The high estimate is $263.8M and the low estimate is $161.9M. The average revenue growth estimate for next year is down -3.20% from the average revenue estimate for this year.