For those desiring to outshine the market, the strategic selection of individual stocks is paramount. Well-chosen stocks have the potential to substantially boost your wealth.
Blend Labs Inc (NYSE: BLND) closed the day trading at $2.25 down -9.27% from the previous closing price of $2.48. In other words, the price has decreased by -$9.27 from its previous closing price. On the day, 1.69 million shares were traded. BLND stock price reached its highest trading level at $2.53 during the session, while it also had its lowest trading level at $2.23.
Ratios:
For a better understanding of BLND, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 5.35 and its Current Ratio is at 5.35.
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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Apr 24 ’24 when Ghamsari Nima sold 100,807 shares for $2.45 per share. The transaction valued at 247,340 led to the insider holds 0 shares of the business.
Jafari Amir bought 6,265 shares of BLND for $16,588 on Apr 12 ’24. The HEAD OF FINANCE AND ADMIN. now owns 402,716 shares after completing the transaction at $2.65 per share. On Mar 22 ’24, another insider, Ghamsari Nima, who serves as the HEAD OF BLEND of the company, sold 81,700 shares for $2.99 each. As a result, the insider received 244,291 and left with 34,774 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 625079232 and an Enterprise Value of 626070400. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.62. Its current Enterprise Value per Revenue stands at 3.992 whereas that against EBITDA is -4.86.
Stock Price History:
The Beta on a monthly basis for BLND is 1.09, which has changed by 3.090909 over the last 52 weeks, in comparison to a change of 0.24191546 over the same period for the S&P500. Over the past 52 weeks, BLND has reached a high of $3.40, while it has fallen to a 52-week low of $0.53. The 50-Day Moving Average of the stock is -18.38%, while the 200-Day Moving Average is calculated to be 17.89%.
Shares Statistics:
Over the past 3-months, BLND traded about 1.79M shares per day on average, while over the past 10 days, BLND traded about 1159680 shares per day. A total of 240.26M shares are outstanding, with a floating share count of 159.91M. Insiders hold about 36.56% of the company’s shares, while institutions hold 26.01% stake in the company. Shares short for BLND as of 1713139200 were 7032554 with a Short Ratio of 3.93, compared to 1710460800 on 7244878. Therefore, it implies a Short% of Shares Outstanding of 7032554 and a Short% of Float of 3.05.
Earnings Estimates
The current rating of Blend Labs Inc (BLND) reflects the combined expertise of 6.0 analysts actively engaged in assessing its market performance.On average, analysts expect EPS of -$0.07 for the current quarter, with a high estimate of -$0.06 and a low estimate of -$0.09, while EPS last year was -$0.15. The consensus estimate for the next quarter is -$0.05, with high estimates of -$0.03 and low estimates of -$0.06.
Analysts are recommending an EPS of between -$0.16 and -$0.25 for the fiscal current year, implying an average EPS of -$0.19. EPS for the following year is -$0.05, with 6.0 analysts recommending between $0.02 and -$0.14.
Revenue Estimates
7 analysts predict $34.53M in revenue for the current quarter. It ranges from a high estimate of $37.57M to a low estimate of $33.2M. As of the current estimate, Blend Labs Inc’s year-ago sales were $37.34MFor the next quarter, 7 analysts are estimating revenue of $41.78M. There is a high estimate of $50.52M for the next quarter, whereas the lowest estimate is $37.33M.
A total of 7 analysts have provided revenue estimates for BLND’s current fiscal year. The highest revenue estimate was $180.48M, while the lowest revenue estimate was $154.36M, resulting in an average revenue estimate of $165.28M. In the same quarter a year ago, actual revenue was $156.85MBased on 7 analysts’ estimates, the company’s revenue will be $212.74M in the next fiscal year. The high estimate is $235.9M and the low estimate is $188.5M.
