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The price of Blend Labs Inc (NYSE: BLND) closed at $3.36 in the last session, up 2.44% from day before closing price of $3.28. In other words, the price has increased by $2.44 from its previous closing price. On the day, 4.3 million shares were traded. BLND stock price reached its highest trading level at $3.46 during the session, while it also had its lowest trading level at $3.28.
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 Aug 30 ’24 when Tkach Oxana sold 23,749 shares for $3.71 per share. The transaction valued at 88,076 led to the insider holds 88,700 shares of the business.
Tkach Oxana bought 23,749 shares of BLND for $88,076 on Aug 30 ’24. On Jul 12 ’24, another insider, Jafari Amir, who serves as the HEAD OF FINANCE AND ADMIN. of the company, bought 6,666 shares for $2.54 each. As a result, the insider paid 16,940 and bolstered with 501,377 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 854259840 and an Enterprise Value of 934139136. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.62. Its current Enterprise Value per Revenue stands at 6.141 whereas that against EBITDA is -11.788.
Stock Price History:
Over the past 52 weeks, BLND has reached a high of $4.22, while it has fallen to a 52-week low of $1.08. The 50-Day Moving Average of the stock is 8.20%, while the 200-Day Moving Average is calculated to be 26.41%.
Shares Statistics:
According to the various share statistics, BLND traded on average about 3.22M shares per day over the past 3-months and 3907410 shares per day over the past 10 days. A total of 240.26M shares are outstanding, with a floating share count of 187.16M. Insiders hold about 26.40% of the company’s shares, while institutions hold 36.27% stake in the company. Shares short for BLND as of 1723680000 were 14551680 with a Short Ratio of 4.52, compared to 1721001600 on 15005091. Therefore, it implies a Short% of Shares Outstanding of 14551680 and a Short% of Float of 6.18.
