Analyzing Ratios: Blend Labs Inc (BLND)’s Financial Story Unveiled

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The price of Blend Labs Inc (NYSE: BLND) closed at $2.64 in the last session, down -0.75% from day before closing price of $2.66. In other words, the price has decreased by -$0.75 from its previous closing price. On the day, 0.98 million shares were traded. BLND stock price reached its highest trading level at $2.735 during the session, while it also had its lowest trading level at $2.605.


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 3.72 and its Current Ratio is at 3.72.

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:

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 May 30 ’24 when Ghamsari Nima sold 81,434 shares for $2.93 per share. The transaction valued at 238,903 led to the insider holds 2,103,516 shares of the business.

Ghamsari Nima sold 427,237 shares of BLND for $1,212,157 on May 14 ’24. The HEAD OF BLEND now owns 0 shares after completing the transaction at $2.84 per share. On May 13 ’24, another insider, Jafari Amir, who serves as the HEAD OF FINANCE AND ADMIN. of the company, bought 5,808 shares for $2.97 each. As a result, the insider paid 17,223 and bolstered with 408,524 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 666277952 and an Enterprise Value of 735726848. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.31. Its current Enterprise Value per Revenue stands at 4.763 whereas that against EBITDA is -7.327.

Stock Price History:

Over the past 52 weeks, BLND has reached a high of $3.40, while it has fallen to a 52-week low of $0.85. The 50-Day Moving Average of the stock is -3.51%, while the 200-Day Moving Average is calculated to be 24.42%.

Shares Statistics:

According to the various share statistics, BLND traded on average about 1.87M shares per day over the past 3-months and 1922700 shares per day over the past 10 days. A total of 240.26M shares are outstanding, with a floating share count of 170.81M. Insiders hold about 32.32% of the company’s shares, while institutions hold 29.86% stake in the company. Shares short for BLND as of 1715731200 were 7551671 with a Short Ratio of 4.05, compared to 1713139200 on 7032554. Therefore, it implies a Short% of Shares Outstanding of 7551671 and a Short% of Float of 3.3000000000000003.

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