As of close of business last night, Blend Labs Inc’s stock clocked out at $2.64, down -3.65% from its previous closing price of $2.74. In other words, the price has decreased by -$0.1000 from its previous closing price. On the day, 1694224 shares were traded.
Ratios:
To gain a deeper understanding of BLND’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 7.66 and its Current Ratio is at 7.66. In the meantime, Its Debt-to-Equity ratio is 36.79 whereas as Long-Term Debt/Eq ratio is at 36.11.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Wells Fargo on December 20, 2023, Upgraded its rating to Overweight and sets its target price to $3.50 from $1.50 previously.
On November 14, 2022, Keefe Bruyette Upgraded its rating to Mkt Perform which previously was Underperform but kept the price unchanged to $2.25.
Keefe Bruyette Downgraded its Mkt Perform to Underperform on July 25, 2022, whereas the target price for the stock was revised from $4 to $2.75.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Feb 23 when Ghamsari Nima sold 112,108 shares for $2.23 per share. The transaction valued at 250,247 led to the insider holds 116,474 shares of the business.
Jafari Amir bought 6,051 shares of BLND for $15,777 on Feb 13. The HEAD OF FINANCE AND ADMIN. now owns 81,610 shares after completing the transaction at $2.61 per share. On Jan 24, another insider, Ghamsari Nima, who serves as the Head of Blend of the company, sold 97,657 shares for $2.52 each. As a result, the insider received 245,939 and left with 0 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, BLND now has a Market Capitalization of 655.25M and an Enterprise Value of 641.72M. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.01 while its Price-to-Book (P/B) ratio in mrq is 104.02. Its current Enterprise Value per Revenue stands at 3.92 whereas that against EBITDA is -3.32.
Stock Price History:
Over the past 52 weeks, BLND has reached a high of $3.37, while it has fallen to a 52-week low of $0.53. The 50-Day Moving Average of the stock is 2.5562, while the 200-Day Moving Average is calculated to be 1.5609.
Shares Statistics:
It appears that BLND traded 1.53M shares on average per day over the past three months and 1.47M shares per day over the past ten days. A total of 230.21M shares are outstanding, with a floating share count of 155.76M. Insiders hold about 37.24% of the company’s shares, while institutions hold 26.40% stake in the company. Shares short for BLND as of Feb 15, 2024 were 8.27M with a Short Ratio of 5.41, compared to 9.7M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 3.33% and a Short% of Float of 3.65%.
Earnings Estimates
As of right now, 6 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of -$0.09 for the current quarter, with a high estimate of -$0.08 and a low estimate of -$0.09, while EPS last year was -$0.21. The consensus estimate for the next quarter is -$0.07, with high estimates of -$0.05 and low estimates of -$0.08.
Analysts are recommending an EPS of between -$0.41 and -$0.42 for the fiscal current year, implying an average EPS of -$0.41. EPS for the following year is -$0.21, with 6 analysts recommending between -$0.11 and -$0.38.
Revenue Estimates
In the current quarter, 7 analysts expect revenue to total $36.93M. It ranges from a high estimate of $37.6M to a low estimate of $35.64M. As of the current estimate, Blend Labs Inc’s year-ago sales were $42.78M, an estimated decrease of -13.70% from the year-ago figure. For the next quarter, 6 analysts are estimating revenue of $41.34M, an increase of 10.70% over than the figure of -$13.70% in the same quarter last year. There is a high estimate of $47.2M for the next quarter, whereas the lowest estimate is $37.44M.
A total of 6 analysts have provided revenue estimates for BLND’s current fiscal year. The highest revenue estimate was $158.3M, while the lowest revenue estimate was $152.5M, resulting in an average revenue estimate of $156.89M. In the same quarter a year ago, actual revenue was $235.2M, down -33.30% from the average estimate. Based on 6 analysts’ estimates, the company’s revenue will be $176.7M in the next fiscal year. The high estimate is $200.16M and the low estimate is $166M. The average revenue growth estimate for next year is up 12.60% from the average revenue estimate for this year.
