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The price of Blend Labs Inc (NYSE: BLND) closed at $3.64 in the last session, up 3.41% from day before closing price of $3.52. In other words, the price has increased by $3.41 from its previous closing price. On the day, 0.93 million shares were traded. BLND stock price reached its highest trading level at $3.65 during the session, while it also had its lowest trading level at $3.495.
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 Oct 10 ’24 when Ling Winnie sold 20,000 shares for $3.43 per share. The transaction valued at 68,598 led to the insider holds 259,169 shares of the business.
Ling Winnie bought 20,000 shares of BLND for $68,597 on Oct 10 ’24. On Sep 26 ’24, another insider, Ling Winnie, who serves as the HEAD OF LEGAL AND PEOPLE of the company, sold 10,000 shares for $4.06 each. As a result, the insider received 40,635 and left with 279,169 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 925448192 and an Enterprise Value of 1005327360. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.08. Its current Enterprise Value per Revenue stands at 6.609 whereas that against EBITDA is -12.687.
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 $1.15. The 50-Day Moving Average of the stock is 1.07%, while the 200-Day Moving Average is calculated to be 24.73%.
Shares Statistics:
According to the various share statistics, BLND traded on average about 3.00M shares per day over the past 3-months and 1218310 shares per day over the past 10 days. A total of 240.26M shares are outstanding, with a floating share count of 189.51M. Insiders hold about 25.46% of the company’s shares, while institutions hold 36.30% stake in the company. Shares short for BLND as of 1727654400 were 15825493 with a Short Ratio of 5.28, compared to 1724976000 on 13174656. Therefore, it implies a Short% of Shares Outstanding of 15825493 and a Short% of Float of 6.72.
