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The price of Blend Labs Inc (NYSE: BLND) closed at $3.35 in the last session, down -2.90% from day before closing price of $3.45. In other words, the price has decreased by -$2.90 from its previous closing price. On the day, 1.79 million shares were traded. BLND stock price reached its highest trading level at $3.53 during the session, while it also had its lowest trading level at $3.29.
Ratios:
We take a closer look at BLND’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 3.41 and its Current Ratio is at 3.41.
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, Canaccord Genuity on August 12, 2024, Upgraded its rating to Buy and sets its target price to $4.75 from $3 previously.
Wells Fargo Upgraded its Equal Weight to Overweight on December 20, 2023, whereas the target price for the stock was revised from $1.50 to $3.50.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Oct 24 ’24 when Ling Winnie bought 10,000 shares for $3.42 per share.
Ling Winnie sold 20,000 shares of BLND for $68,598 on Oct 10 ’24. The HEAD OF LEGAL AND PEOPLE now owns 259,169 shares after completing the transaction at $3.43 per share. On Oct 10 ’24, another insider, Ling Winnie, who serves as the Officer of the company, bought 20,000 shares for $3.43 each.
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 844089472 and an Enterprise Value of 931596672. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.60. Its current Enterprise Value per Revenue stands at 6.124 whereas that against EBITDA is -11.756.
Stock Price History:
Over the past 52 weeks, BLND has reached a high of $4.25, while it has fallen to a 52-week low of $1.15. The 50-Day Moving Average of the stock is -8.94%, while the 200-Day Moving Average is calculated to be 12.84%.
Shares Statistics:
According to the various share statistics, BLND traded on average about 2.89M shares per day over the past 3-months and 1502770 shares per day over the past 10 days. A total of 240.26M shares are outstanding, with a floating share count of 189.53M. Insiders hold about 25.45% of the company’s shares, while institutions hold 36.29% stake in the company. Shares short for BLND as of 1728950400 were 14752278 with a Short Ratio of 5.11, compared to 1726185600 on 13932638. Therefore, it implies a Short% of Shares Outstanding of 14752278 and a Short% of Float of 6.2700000000000005.
