Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
After finishing at $3.61 in the prior trading day, Blade Air Mobility Inc (NASDAQ: BLDE) closed at $3.71, up 2.77%. In other words, the price has increased by $2.77 from its previous closing price. On the day, 1.33 million shares were traded. BLDE stock price reached its highest trading level at $3.84 during the session, while it also had its lowest trading level at $3.43.
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 6.32 and its Current Ratio is at 6.32. 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:
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 Jan 06 ’25 when Heyburn William A. sold 103,670 shares for $5.02 per share. The transaction valued at 520,517 led to the insider holds 1,223,120 shares of the business.
Heyburn William A. sold 900 shares of BLDE for $4,503 on Jan 07 ’25. The Chief Financial Officer now owns 1,222,220 shares after completing the transaction at $5.00 per share. On Dec 13 ’24, another insider, Love Reginald, who serves as the Director of the company, sold 5,091 shares for $4.05 each. As a result, the insider received 20,619 and left with 100,363 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 290544928 and an Enterprise Value of -18718192. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.20 while its Price-to-Book (P/B) ratio in mrq is 1.24. Its current Enterprise Value per Revenue stands at -0.279 whereas that against EBITDA is 0.607.
Stock Price History:
The Beta on a monthly basis for BLDE is 1.16, which has changed by 0.2622378 over the last 52 weeks, in comparison to a change of 0.23147523 over the same period for the S&P500. Over the past 52 weeks, BLDE has reached a high of $5.17, while it has fallen to a 52-week low of $2.45. The 50-Day Moving Average of the stock is -7.17%, while the 200-Day Moving Average is calculated to be 6.88%.
Shares Statistics:
The stock has traded on average 1.00M shares per day over the past 3-months and 1113190 shares per day over the last 10 days, according to various share statistics. A total of 78.31M shares are outstanding, with a floating share count of 55.83M. Insiders hold about 28.71% of the company’s shares, while institutions hold 54.34% stake in the company. Shares short for BLDE as of 1735603200 were 2670659 with a Short Ratio of 2.66, compared to 1732838400 on 3126360. Therefore, it implies a Short% of Shares Outstanding of 2670659 and a Short% of Float of 5.3200003.
