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The closing price of Blend Labs Inc (NYSE: BLND) was $2.38 for the day, up 2.15% from the previous closing price of $2.33. In other words, the price has increased by $2.15 from its previous closing price. On the day, 1.2 million shares were traded. BLND stock price reached its highest trading level at $2.38 during the session, while it also had its lowest trading level at $2.27.
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 Apr 12 ’24 when Jafari Amir bought 6,265 shares for $2.65 per share. The transaction valued at 16,588 led to the insider holds 402,716 shares of the business.
Ghamsari Nima sold 81,700 shares of BLND for $244,291 on Mar 22 ’24. The HEAD OF BLEND now owns 34,774 shares after completing the transaction at $2.99 per share. On Mar 13 ’24, another insider, Jafari Amir, who serves as the HEAD OF FINANCE AND ADMIN. of the company, bought 5,555 shares for $3.00 each. As a result, the insider paid 16,665 and bolstered with 396,451 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 599874240 and an Enterprise Value of 646234176. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.82. Its current Enterprise Value per Revenue stands at 4.12 whereas that against EBITDA is -5.017.
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 -14.62%, while the 200-Day Moving Average is calculated to be 26.99%.
Shares Statistics:
BLND traded an average of 1.82M shares per day over the past three months and 1377160 shares per day over the past ten days. A total of 240.26M shares are outstanding, with a floating share count of 159.91M. Insiders hold about 36.56% of the company’s shares, while institutions hold 25.99% stake in the company. Shares short for BLND as of 1711584000 were 6747062 with a Short Ratio of 3.70, compared to 1709164800 on 7447629. Therefore, it implies a Short% of Shares Outstanding of 6747062 and a Short% of Float of 2.93.
Earnings Estimates
The stock of Blend Labs Inc (BLND) is currently in the spotlight, with BLND analysts actively rating and assessing its market standing.The consensus estimate for the next quarter is $6.16, with high estimates of $70.82 and low estimates of $2.30.
