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The closing price of Blend Labs Inc (NYSE: BLND) was $2.75 for the day, down -4.18% from the previous closing price of $2.87. In other words, the price has decreased by -$4.18 from its previous closing price. On the day, 6.82 million shares were traded. BLND stock price reached its highest trading level at $2.92 during the session, while it also had its lowest trading level at $2.665.
Ratios:
Our analysis of BLND’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 3.72 and its Current Ratio is at 3.72.
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, Wells Fargo on December 20, 2023, Upgraded its rating to Overweight and sets its target price to $3.50 from $1.50 previously.
On November 14, 2022, Keefe Bruyette Upgraded its rating to Mkt Perform which previously was Underperform but kept the price unchanged to $2.25.
Keefe Bruyette Downgraded its Mkt Perform to Underperform on July 25, 2022, whereas the target price for the stock was revised from $4 to $2.75.
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 May 14 ’24 when Ghamsari Nima sold 427,237 shares for $2.84 per share. The transaction valued at 1,212,157 led to the insider holds 0 shares of the business.
Jafari Amir bought 5,808 shares of BLND for $17,223 on May 13 ’24. The HEAD OF FINANCE AND ADMIN. now owns 408,524 shares after completing the transaction at $2.97 per share. On May 13 ’24, another insider, Ghamsari Nima, who serves as the HEAD OF BLEND of the company, sold 281,763 shares for $2.77 each. As a result, the insider received 780,793 and left with 427,237 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 694039488 and an Enterprise Value of 763488384. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.49. Its current Enterprise Value per Revenue stands at 4.943 whereas that against EBITDA is -7.603.
Stock Price History:
Over the past 52 weeks, BLND has reached a high of $3.40, while it has fallen to a 52-week low of $0.85. The 50-Day Moving Average of the stock is -1.04%, while the 200-Day Moving Average is calculated to be 32.45%.
Shares Statistics:
BLND traded an average of 1.83M shares per day over the past three months and 1801040 shares per day over the past ten days. A total of 240.26M shares are outstanding, with a floating share count of 172.73M. Insiders hold about 25.68% of the company’s shares, while institutions hold 29.86% stake in the company. Shares short for BLND as of 1715731200 were 7551671 with a Short Ratio of 4.12, compared to 1713139200 on 7032554. Therefore, it implies a Short% of Shares Outstanding of 7551671 and a Short% of Float of 3.3000000000000003.
