The closing price of Blend Labs Inc (NYSE: BLND) was $3.02 for the day, down -1.63% from the previous closing price of $3.07. In other words, the price has decreased by -$0.0500 from its previous closing price. On the day, 802899 shares were traded.
Ratios:
Our analysis of BLND’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 5.35 and its Current Ratio is at 5.35.
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:
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 Mar 22 ’24 when Ghamsari Nima sold 81,700 shares for $2.99 per share. The transaction valued at 244,291 led to the insider holds 34,774 shares of the business.
Jafari Amir bought 5,555 shares of BLND for $16,665 on Mar 13 ’24. The HEAD OF FINANCE AND ADMIN. now owns 396,451 shares after completing the transaction at $3.00 per share. On Feb 23 ’24, another insider, Ghamsari Nima, who serves as the HEAD OF BLEND of the company, sold 112,108 shares for $2.23 each. As a result, the insider received 250,247 and left with 116,474 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 761.18M and an Enterprise Value of 773.96M. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.85. Its current Enterprise Value per Revenue stands at 4.93 whereas that against EBITDA is -5.40.
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 $0.53. The 50-Day Moving Average of the stock is 2.8028, while the 200-Day Moving Average is calculated to be 1.8101.
Shares Statistics:
BLND traded an average of 1.85M shares per day over the past three months and 1.64M shares per day over the past ten days. A total of 240.26M shares are outstanding, with a floating share count of 158.50M. Insiders hold about 37.12% of the company’s shares, while institutions hold 26.00% stake in the company. Shares short for BLND as of Mar 15, 2024 were 7.24M with a Short Ratio of 3.93, compared to 8.27M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.87% and a Short% of Float of 3.15%.
Earnings Estimates
The firm’s stock currently is rated by 6 analysts. On average, analysts expect EPS of -$0.07 for the current quarter, with a high estimate of -$0.06 and a low estimate of -$0.09, while EPS last year was -$0.15. The consensus estimate for the next quarter is -$0.05, with high estimates of -$0.03 and low estimates of -$0.06.
Analysts are recommending an EPS of between -$0.16 and -$0.25 for the fiscal current year, implying an average EPS of -$0.19. EPS for the following year is -$0.05, with 6 analysts recommending between $0.02 and -$0.14.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 7 analysts. It ranges from a high estimate of $37.57M to a low estimate of $33.2M. As of the current estimate, Blend Labs Inc’s year-ago sales were $37.34M, an estimated decrease of -7.50% from the year-ago figure. For the next quarter, 7 analysts are estimating revenue of $41.78M, an increase of 4.20% over than the figure of -$7.50% in the same quarter last year. There is a high estimate of $50.52M for the next quarter, whereas the lowest estimate is $37.33M.
A total of 7 analysts have provided revenue estimates for BLND’s current fiscal year. The highest revenue estimate was $180.48M, while the lowest revenue estimate was $154.36M, resulting in an average revenue estimate of $165.28M. In the same quarter a year ago, actual revenue was $156.85M, up 5.40% from the average estimate. Based on 7 analysts’ estimates, the company’s revenue will be $212.74M in the next fiscal year. The high estimate is $235.9M and the low estimate is $188.5M. The average revenue growth estimate for next year is up 28.70% from the average revenue estimate for this year.
