Those aspiring to outpace the market meticulously engage in the process of selecting individual stocks. Strategic choices can be instrumental in accelerating your wealth.
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
As of close of business last night, Blend Labs Inc’s stock clocked out at $3.22, up 10.65% from its previous closing price of $2.91. In other words, the price has increased by $10.65 from its previous closing price. On the day, 2.44 million shares were traded. BLND stock price reached its highest trading level at $3.23 during the session, while it also had its lowest trading level at $2.91.
Ratios:
To gain a deeper understanding of BLND’s stock, we examine its different ratios. 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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. 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 812657152 and an Enterprise Value of 882105920. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.26. Its current Enterprise Value per Revenue stands at 5.711 whereas that against EBITDA is -8.785.
Stock Price History:
The Beta on a monthly basis for BLND is 1.16, which has changed by 1.3165467 over the last 52 weeks, in comparison to a change of 0.24125004 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 $1.03. The 50-Day Moving Average of the stock is 22.30%, while the 200-Day Moving Average is calculated to be 41.47%.
Shares Statistics:
It appears that BLND traded 2.27M shares on average per day over the past three months and 1838620 shares per day over the past ten days. A total of 240.26M shares are outstanding, with a floating share count of 184.04M. Insiders hold about 27.08% of the company’s shares, while institutions hold 29.81% stake in the company. Shares short for BLND as of 1719532800 were 8469913 with a Short Ratio of 3.73, compared to 1717113600 on 7069380. Therefore, it implies a Short% of Shares Outstanding of 8469913 and a Short% of Float of 3.6999999999999997.
