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As of close of business last night, Blend Labs Inc’s stock clocked out at $5.12, up 0.20% from its previous closing price of $5.11. In other words, the price has increased by $0.20 from its previous closing price. On the day, 4.49 million shares were traded. BLND stock price reached its highest trading level at $5.21 during the session, while it also had its lowest trading level at $4.97.
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 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:
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 Nov 25 ’24 when Tkach Oxana sold 18,324 shares for $5.18 per share. The transaction valued at 94,845 led to the insider holds 88,677 shares of the business.
Tkach Oxana bought 18,324 shares of BLND for $94,845 on Nov 25 ’24. On Nov 21 ’24, another insider, Ling Winnie, who serves as the HEAD OF LEGAL AND PEOPLE of the company, sold 5,000 shares for $5.07 each. As a result, the insider received 25,344 and left with 265,881 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 1310361600 and an Enterprise Value of 1387086976. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.23. Its current Enterprise Value per Revenue stands at 8.851 whereas that against EBITDA is -23.415.
Stock Price History:
Over the past 52 weeks, BLND has reached a high of $5.40, while it has fallen to a 52-week low of $1.21. The 50-Day Moving Average of the stock is 26.33%, while the 200-Day Moving Average is calculated to be 59.97%.
Shares Statistics:
It appears that BLND traded 2.52M shares on average per day over the past three months and 3318470 shares per day over the past ten days. A total of 252.13M shares are outstanding, with a floating share count of 207.79M. Insiders hold about 18.81% of the company’s shares, while institutions hold 43.34% stake in the company. Shares short for BLND as of 1731628800 were 9294363 with a Short Ratio of 3.69, compared to 1728950400 on 14752278. Therefore, it implies a Short% of Shares Outstanding of 9294363 and a Short% of Float of 3.9.
