After finishing at $3.27 in the prior trading day, Blade Air Mobility Inc (NASDAQ: BLDE) closed at $3.37, up 3.06%. In other words, the price has increased by $+0.1000 from its previous closing price. On the day, 584900 shares were traded.
Ratios:
Our goal is to gain a better understanding of BLDE by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 6.87 and its Current Ratio is at 6.87. In the meantime, Its Debt-to-Equity ratio is 0.09 whereas as Long-Term Debt/Eq ratio is at 0.07.
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:
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 Dec 15 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. The Chief Financial Officer now owns 1,330,624 shares after completing the transaction at $3.22 per share. On Dec 15, 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 251.52M and an Enterprise Value of 102.63M. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.17 while its Price-to-Book (P/B) ratio in mrq is 0.95. Its current Enterprise Value per Revenue stands at 0.48 whereas that against EBITDA is -2.29.
Stock Price History:
Over the past 52 weeks, BLDE has reached a high of $4.78, while it has fallen to a 52-week low of $2.06. The 50-Day Moving Average of the stock is 3.1568, while the 200-Day Moving Average is calculated to be 3.2186.
Shares Statistics:
The stock has traded on average 601.76K shares per day over the past 3-months and 547.52k shares per day over the last 10 days, according to various share statistics. A total of 71.66M shares are outstanding, with a floating share count of 45.38M. Insiders hold about 39.19% of the company’s shares, while institutions hold 43.07% stake in the company. Shares short for BLDE as of Jan 31, 2024 were 2.44M with a Short Ratio of 4.05, compared to 2.55M on Dec 29, 2023. Therefore, it implies a Short% of Shares Outstanding of 3.27% and a Short% of Float of 5.11%.
