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 $3.56 in the prior trading day, Blend Labs Inc (NYSE: BLND) closed at $3.48, down -2.25%. In other words, the price has decreased by -$2.25 from its previous closing price. On the day, 4.42 million shares were traded.
Ratios:
Our goal is to gain a better understanding of BLND by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 3.21 and its Current Ratio is at 3.21.
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, JMP Securities on December 18, 2024, initiated with a Mkt Outperform rating and assigned the stock a target price of $7.
On August 12, 2024, Canaccord Genuity Upgraded its rating to Buy which previously was Hold and also upped its target price recommendation from $3 to $4.75.
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 Feb 20 ’25 when Ling Winnie sold 10,000 shares for $3.91 per share. The transaction valued at 39,146 led to the insider holds 340,059 shares of the business.
Ling Winnie bought 10,000 shares of BLND for $39,146 on Feb 20 ’25. On Feb 06 ’25, another insider, Ling Winnie, who serves as the HEAD OF LEGAL AND PEOPLE of the company, sold 15,000 shares for $4.01 each. As a result, the insider received 60,170 and left with 303,781 shares of the company.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 5.68.
Stock Price History:
Over the past 52 weeks, BLND has reached a high of $5.53, while it has fallen to a 52-week low of $2.08. The 50-Day Moving Average of the stock is -13.48%, while the 200-Day Moving Average is calculated to be -3.45%.
Shares Statistics:
A total of 252.13M shares are outstanding, with a floating share count of 204.62M. Insiders hold about 20.05% of the company’s shares, while institutions hold 51.75% stake in the company.
