The price of Blade Air Mobility Inc (NASDAQ: BLDE) closed at $3.86 in the last session, up 1.31% from day before closing price of $3.81. In other words, the price has increased by $+0.0500 from its previous closing price. On the day, 1209551 shares were traded.
Ratios:
We take a closer look at BLDE’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 5.81 and its Current Ratio is at 5.81. 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:
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 Apr 03 ’24 when WIESENTHAL ROBERT S sold 25,418 shares for $3.28 per share. The transaction valued at 83,315 led to the insider holds 7,149,493 shares of the business.
Tomkiel Melissa M. sold 22,836 shares of BLDE for $74,852 on Apr 03 ’24. The President and General Counsel now owns 1,291,121 shares after completing the transaction at $3.28 per share. On Apr 03 ’24, another insider, Heyburn William A., who serves as the Chief Financial Officer of the company, sold 20,552 shares for $3.28 each. As a result, the insider received 67,365 and left with 1,404,468 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 291.17M and an Enterprise Value of 149.56M. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.29 while its Price-to-Book (P/B) ratio in mrq is 1.24. Its current Enterprise Value per Revenue stands at 0.66 whereas that against EBITDA is -2.45.
Stock Price History:
Over the past 52 weeks, BLDE has reached a high of $4.54, while it has fallen to a 52-week low of $2.06. The 50-Day Moving Average of the stock is 3.1500, while the 200-Day Moving Average is calculated to be 3.1853.
Shares Statistics:
According to the various share statistics, BLDE traded on average about 862.30K shares per day over the past 3-months and 1.24M shares per day over the past 10 days. A total of 75.13M shares are outstanding, with a floating share count of 45.21M. Insiders hold about 40.06% of the company’s shares, while institutions hold 42.19% stake in the company. Shares short for BLDE as of Mar 15, 2024 were 3M with a Short Ratio of 3.48, compared to 2.48M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 3.98% and a Short% of Float of 6.35%.
Earnings Estimates
The company has 4 analysts who recommend its stock at the moment. On average, analysts expect EPS of -$0.12 for the current quarter, with a high estimate of -$0.1 and a low estimate of -$0.16, while EPS last year was -$0.14. The consensus estimate for the next quarter is -$0.08, with high estimates of -$0.05 and low estimates of -$0.13.
Analysts are recommending an EPS of between -$0.15 and -$0.5 for the fiscal current year, implying an average EPS of -$0.28. EPS for the following year is -$0.19, with 4 analysts recommending between -$0.03 and -$0.47.
Revenue Estimates
According to 5 analysts, the current quarter’s revenue is expected to be $49.46M. It ranges from a high estimate of $51M to a low estimate of $48.25M. As of the current estimate, Blade Air Mobility Inc’s year-ago sales were $45.27M, an estimated increase of 9.30% from the year-ago figure. For the next quarter, 5 analysts are estimating revenue of $63.47M, an increase of 4.10% less than the figure of $9.30% in the same quarter last year. There is a high estimate of $67.19M for the next quarter, whereas the lowest estimate is $61.4M.
A total of 5 analysts have provided revenue estimates for BLDE’s current fiscal year. The highest revenue estimate was $247.94M, while the lowest revenue estimate was $244.9M, resulting in an average revenue estimate of $246.37M. In the same quarter a year ago, actual revenue was $225.18M, up 9.40% from the average estimate. Based on 5 analysts’ estimates, the company’s revenue will be $279.79M in the next fiscal year. The high estimate is $296.28M and the low estimate is $271.06M. The average revenue growth estimate for next year is up 13.60% from the average revenue estimate for this year.
