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The price of Blend Labs Inc (NYSE: BLND) closed at $3.91 in the last session, down -2.98% from day before closing price of $4.03. In other words, the price has decreased by -$2.98 from its previous closing price. On the day, 2.0 million shares were traded. BLND stock price reached its highest trading level at $4.05 during the session, while it also had its lowest trading level at $3.84.
Ratios:
We take a closer look at BLND’s different ratios to gain a better understanding of the stock. 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Sep 26 ’24 when Ling Winnie sold 10,000 shares for $4.06 per share. The transaction valued at 40,635 led to the insider holds 279,169 shares of the business.
Ling Winnie bought 10,000 shares of BLND for $40,635 on Sep 26 ’24. On Sep 23 ’24, another insider, Tkach Oxana, who serves as the PRINCIPAL ACCOUNTING OFFICER of the company, sold 4,303 shares for $3.98 each. As a result, the insider received 17,126 and left with 88,651 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 994094080 and an Enterprise Value of 1073973248. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.53. Its current Enterprise Value per Revenue stands at 7.06 whereas that against EBITDA is -13.553.
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 $1.10. The 50-Day Moving Average of the stock is 12.91%, while the 200-Day Moving Average is calculated to be 37.91%.
Shares Statistics:
According to the various share statistics, BLND traded on average about 3.58M shares per day over the past 3-months and 3228270 shares per day over the past 10 days. A total of 240.26M shares are outstanding, with a floating share count of 189.50M. Insiders hold about 25.46% of the company’s shares, while institutions hold 36.02% stake in the company. Shares short for BLND as of 1726185600 were 13932638 with a Short Ratio of 3.89, compared to 1723680000 on 14551680. Therefore, it implies a Short% of Shares Outstanding of 13932638 and a Short% of Float of 5.92.
