Those determined to outshine the market strategically focus on the selection of individual stocks. Well-chosen stocks have the potential to substantially boost your wealth.
The closing price of Blend Labs Inc (NYSE: BLND) was $3.80 for the day, up 5.26% from the previous closing price of $3.61. In other words, the price has increased by $5.26 from its previous closing price. On the day, 1.38 million shares were traded. BLND stock price reached its highest trading level at $3.8 during the session, while it also had its lowest trading level at $3.64.
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 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:
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 Oct 24 ’24 when Ling Winnie sold 10,000 shares for $3.42 per share. The transaction valued at 34,236 led to the insider holds 249,169 shares of the business.
Ling Winnie bought 10,000 shares of BLND for $34,236 on Oct 24 ’24. On Oct 10 ’24, another insider, Ling Winnie, who serves as the HEAD OF LEGAL AND PEOPLE of the company, sold 20,000 shares for $3.43 each. As a result, the insider received 68,598 and left with 259,169 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 948088576 and an Enterprise Value of 1046006400. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.35. Its current Enterprise Value per Revenue stands at 6.876 whereas that against EBITDA is -13.2.
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 $1.16. The 50-Day Moving Average of the stock is 4.30%, while the 200-Day Moving Average is calculated to be 26.18%.
Shares Statistics:
BLND traded an average of 2.84M shares per day over the past three months and 1614910 shares per day over the past ten days. A total of 240.26M shares are outstanding, with a floating share count of 189.54M. Insiders hold about 25.45% of the company’s shares, while institutions hold 38.14% stake in the company. Shares short for BLND as of 1728950400 were 14752278 with a Short Ratio of 5.19, compared to 1726185600 on 13932638. Therefore, it implies a Short% of Shares Outstanding of 14752278 and a Short% of Float of 6.2700000000000005.
