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The closing price of Blend Labs Inc (NYSE: BLND) was $3.98 for the day, up 6.42% from the previous closing price of $3.74. In other words, the price has increased by $6.42 from its previous closing price. On the day, 3.81 million shares were traded. BLND stock price reached its highest trading level at $4.056 during the session, while it also had its lowest trading level at $3.76.
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 3.41 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:
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 12 ’24 when Ling Winnie sold 20,000 shares for $3.33 per share. The transaction valued at 66,676 led to the insider holds 286,416 shares of the business.
Ling Winnie bought 20,000 shares of BLND for $66,677 on Sep 12 ’24. On Aug 30 ’24, another insider, Tkach Oxana, who serves as the PRINCIPAL ACCOUNTING OFFICER of the company, sold 23,749 shares for $3.71 each. As a result, the insider received 88,076 and left with 88,700 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 1011891136 and an Enterprise Value of 1091770240. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.65. Its current Enterprise Value per Revenue stands at 7.177 whereas that against EBITDA is -13.777.
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 $1.10. The 50-Day Moving Average of the stock is 21.88%, while the 200-Day Moving Average is calculated to be 45.43%.
Shares Statistics:
BLND traded an average of 3.40M shares per day over the past three months and 3055120 shares per day over the past ten days. A total of 240.26M shares are outstanding, with a floating share count of 188.81M. Insiders hold about 25.74% of the company’s shares, while institutions hold 36.02% stake in the company. Shares short for BLND as of 1724976000 were 13174656 with a Short Ratio of 3.87, compared to 1722384000 on 14680028. Therefore, it implies a Short% of Shares Outstanding of 13174656 and a Short% of Float of 5.5999998.
