Those determined to outshine the market strategically focus on the selection of individual stocks. Well-chosen stocks have the potential to substantially boost your wealth.
As of close of business last night, Blend Labs Inc’s stock clocked out at $4.30, up 0.23% from its previous closing price of $4.29. In other words, the price has increased by $0.23 from its previous closing price. On the day, 2.26 million shares were traded. BLND stock price reached its highest trading level at $4.38 during the session, while it also had its lowest trading level at $4.155.
Ratios:
To gain a deeper understanding of BLND’s stock, we examine 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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Dec 30 ’24 when Ling Winnie sold 5,000 shares for $4.20 per share. The transaction valued at 21,010 led to the insider holds 343,781 shares of the business.
Ling Winnie bought 5,000 shares of BLND for $21,011 on Dec 30 ’24. On Dec 24 ’24, another insider, Kneafsey Brian, who serves as the Head of Revenue of the company, sold 30,000 shares for $4.40 each. As a result, the insider received 132,033 and left with 926,759 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 1100499072 and an Enterprise Value of 1177224320. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.85. Its current Enterprise Value per Revenue stands at 7.512 whereas that against EBITDA is -19.872.
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 -3.90%, while the 200-Day Moving Average is calculated to be 26.22%.
Shares Statistics:
It appears that BLND traded 2.51M shares on average per day over the past three months and 3336180 shares per day over the past ten days. A total of 252.13M shares are outstanding, with a floating share count of 208.10M. Insiders hold about 18.69% of the company’s shares, while institutions hold 43.38% stake in the company. Shares short for BLND as of 1734048000 were 7671220 with a Short Ratio of 3.06, compared to 1731628800 on 9294363. Therefore, it implies a Short% of Shares Outstanding of 7671220 and a Short% of Float of 3.2199999999999998.
