Beyond market trends, investors looking for superior returns explore the world of stock picking. The right selections can be a powerful driver for wealth accumulation.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
In the latest session, Blend Labs Inc (NYSE: BLND) closed at $3.70 down -1.07% from its previous closing price of $3.74. In other words, the price has decreased by -$1.07 from its previous closing price. On the day, 2.52 million shares were traded. BLND stock price reached its highest trading level at $3.805 during the session, while it also had its lowest trading level at $3.61.
Ratios:
For a deeper understanding of Blend Labs Inc’s stock, let’s take a closer look at its various ratios. 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Jul 12 ’24 when Jafari Amir bought 6,666 shares for $2.54 per share. The transaction valued at 16,940 led to the insider holds 501,377 shares of the business.
Jafari Amir bought 6,265 shares of BLND for $16,687 on Jun 13 ’24. The HEAD OF FINANCE AND ADMIN. now owns 494,711 shares after completing the transaction at $2.66 per share. On May 30 ’24, another insider, Ghamsari Nima, who serves as the HEAD OF BLEND of the company, sold 81,434 shares for $2.93 each. As a result, the insider received 238,903 and left with 2,103,516 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 950870400 and an Enterprise Value of 1020582016. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.18. Its current Enterprise Value per Revenue stands at 6.709 whereas that against EBITDA is -12.879.
Stock Price History:
Over the past 52 weeks, BLND has reached a high of $4.22, while it has fallen to a 52-week low of $1.03. The 50-Day Moving Average of the stock is 27.67%, while the 200-Day Moving Average is calculated to be 44.30%.
Shares Statistics:
For the past three months, BLND has traded an average of 3.05M shares per day and 3822300 over the past ten days. A total of 240.26M shares are outstanding, with a floating share count of 187.13M. Insiders hold about 26.40% of the company’s shares, while institutions hold 36.35% stake in the company. Shares short for BLND as of 1722384000 were 14680028 with a Short Ratio of 4.82, compared to 1719532800 on 8469913. Therefore, it implies a Short% of Shares Outstanding of 14680028 and a Short% of Float of 6.239999999999999.
