The closing price of Blade Air Mobility Inc (NASDAQ: BLDE) was $2.78 for the day, down -30.33% from the previous closing price of $3.99. In other words, the price has decreased by -$1.2100 from its previous closing price. On the day, 5643035 shares were traded.
Ratios:
Our analysis of BLDE’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 6.87 and its Current Ratio is at 5.81. In the meantime, Its Debt-to-Equity ratio is 0.10 whereas as Long-Term Debt/Eq ratio is at 0.08.
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 this company, Ladenburg Thalmann on July 18, 2023, initiated with a Buy rating and assigned the stock a target price of $13.
On July 17, 2023, Ladenburg Thalmann started tracking the stock assigning a Buy rating and target price of $13.
On September 28, 2021, Oppenheimer started tracking the stock assigning a Outperform rating and target price of $14.Oppenheimer initiated its Outperform rating on September 28, 2021, with a $14 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Dec 15 ’23 when WIESENTHAL ROBERT S sold 17,494 shares for $3.22 per share. The transaction valued at 56,306 led to the insider holds 7,264,558 shares of the business.
Heyburn William A. sold 6,793 shares of BLDE for $21,864 on Dec 15 ’23. The Chief Financial Officer now owns 1,330,624 shares after completing the transaction at $3.22 per share. On Dec 15 ’23, another insider, Tomkiel Melissa M., who serves as the President and General Counsel of the company, sold 6,537 shares for $3.22 each. As a result, the insider received 21,040 and left with 1,229,386 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, BLDE now has a Market Capitalization of 208.11M and an Enterprise Value of 59.23M. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.92 while its Price-to-Book (P/B) ratio in mrq is 0.89. Its current Enterprise Value per Revenue stands at 0.27 whereas that against EBITDA is -1.32.
Stock Price History:
Over the past 52 weeks, BLDE has reached a high of $4.54, while it has fallen to a 52-week low of $2.06. The 50-Day Moving Average of the stock is 3.1856, while the 200-Day Moving Average is calculated to be 3.2416.
Shares Statistics:
BLDE traded an average of 653.94K shares per day over the past three months and 1.27M shares per day over the past ten days. A total of 75.13M shares are outstanding, with a floating share count of 45.38M. Insiders hold about 39.19% of the company’s shares, while institutions hold 43.11% stake in the company. Shares short for BLDE as of Feb 29, 2024 were 2.62M with a Short Ratio of 4.00, compared to 2.44M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 3.50% and a Short% of Float of 5.49%.
Earnings Estimates
The firm’s stock currently is rated by 4 analysts. On average, analysts expect EPS of -$0.13 for the current quarter, with a high estimate of -$0.08 and a low estimate of -$0.18, while EPS last year was -$0.21. The consensus estimate for the next quarter is -$0.11, with high estimates of -$0.1 and low estimates of -$0.13.
Analysts are recommending an EPS of between -$0.34 and -$0.48 for the fiscal current year, implying an average EPS of -$0.41. EPS for the following year is -$0.38, with 4 analysts recommending between -$0.24 and -$0.62.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 5 analysts. It ranges from a high estimate of $49.86M to a low estimate of $47.8M. As of the current estimate, Blade Air Mobility Inc’s year-ago sales were $38.13M, an estimated increase of 26.90% from the year-ago figure. For the next quarter, 1 analysts are estimating revenue of $54.09M, an increase of 19.50% less than the figure of $26.90% in the same quarter last year. There is a high estimate of $54.09M for the next quarter, whereas the lowest estimate is $54.09M.
A total of 5 analysts have provided revenue estimates for BLDE’s current fiscal year. The highest revenue estimate was $227.56M, while the lowest revenue estimate was $225.5M, resulting in an average revenue estimate of $226.16M. In the same quarter a year ago, actual revenue was $146.12M, up 54.80% from the average estimate. Based on 5 analysts’ estimates, the company’s revenue will be $257.19M in the next fiscal year. The high estimate is $276.5M and the low estimate is $248.6M. The average revenue growth estimate for next year is up 13.70% from the average revenue estimate for this year.
