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The closing price of Blade Air Mobility Inc (NASDAQ: BLDE) was $3.74 for the day, up 3.89% from the previous closing price of $3.60. In other words, the price has increased by $3.89 from its previous closing price. On the day, 0.58 million shares were traded. BLDE stock price reached its highest trading level at $3.83 during the session, while it also had its lowest trading level at $3.68.
Ratios:
Our analysis of BLDE’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 6.04 and its Current Ratio is at 6.04. In the meantime, Its Debt-to-Equity ratio is 0.10 whereas as Long-Term Debt/Eq ratio is at 0.08.
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, Ladenburg Thalmann on July 18, 2023, initiated with a Buy rating and assigned the stock a target price of $13.
On July 17, 2023, Ladenburg Thalmann started tracking the stock assigning a Buy rating and target price of $13.
On September 28, 2021, Oppenheimer started tracking the stock assigning a Outperform rating and target price of $14.Oppenheimer initiated its Outperform rating on September 28, 2021, with a $14 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Sep 11 ’24 when Cohen Amir sold 4,891 shares for $2.85 per share. The transaction valued at 13,939 led to the insider holds 74,591 shares of the business.
Wunsch Scott M sold 7,741 shares of BLDE for $22,062 on Sep 11 ’24. The CEO, Trinity Air Medical now owns 284,962 shares after completing the transaction at $2.85 per share. On Jun 10 ’24, another insider, Love Reginald, who serves as the Director of the company, bought 5,091 shares for $2.98 each. As a result, the insider paid 15,197 and bolstered with 62,628 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, BLDE now has a Market Capitalization of 291473504 and an Enterprise Value of -16595270. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.22 while its Price-to-Book (P/B) ratio in mrq is 1.27. Its current Enterprise Value per Revenue stands at -0.247 whereas that against EBITDA is 0.539.
Stock Price History:
Over the past 52 weeks, BLDE has reached a high of $4.24, while it has fallen to a 52-week low of $2.21. The 50-Day Moving Average of the stock is 12.62%, while the 200-Day Moving Average is calculated to be 14.68%.
Shares Statistics:
BLDE traded an average of 466.25K shares per day over the past three months and 368940 shares per day over the past ten days. A total of 75.13M shares are outstanding, with a floating share count of 53.52M. Insiders hold about 31.33% of the company’s shares, while institutions hold 51.35% stake in the company. Shares short for BLDE as of 1728950400 were 3688531 with a Short Ratio of 7.91, compared to 1726185600 on 3893324. Therefore, it implies a Short% of Shares Outstanding of 3688531 and a Short% of Float of 7.3999999999999995.
