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After finishing at $3.62 in the prior trading day, Blade Air Mobility Inc (NASDAQ: BLDE) closed at $3.39, down -6.35%. In other words, the price has decreased by -$6.35 from its previous closing price. On the day, 0.85 million shares were traded. BLDE stock price reached its highest trading level at $3.65 during the session, while it also had its lowest trading level at $3.32.
Ratios:
Our goal is to gain a better understanding of BLDE by taking a closer look at its different ratios. 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:
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 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 255718560 and an Enterprise Value of -41362704. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.14 while its Price-to-Book (P/B) ratio in mrq is 1.09. Its current Enterprise Value per Revenue stands at -0.616 whereas that against EBITDA is 1.342.
Stock Price History:
The Beta on a monthly basis for BLDE is 1.05, which has changed by 0.24632359 over the last 52 weeks, in comparison to a change of 0.2006725 over the same period for the S&P500. 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 4.28%, while the 200-Day Moving Average is calculated to be 6.48%.
Shares Statistics:
The stock has traded on average 927.70K shares per day over the past 3-months and 1038860 shares per day over the last 10 days, according to various share statistics. A total of 75.13M shares are outstanding, with a floating share count of 45.59M. Insiders hold about 39.54% of the company’s shares, while institutions hold 46.90% stake in the company. Shares short for BLDE as of 1711584000 were 2868616 with a Short Ratio of 3.09, compared to 1709164800 on 2615702. Therefore, it implies a Short% of Shares Outstanding of 2868616 and a Short% of Float of 6.0599998.
Earnings Estimates
Blade Air Mobility Inc (BLDE) is currently under the scrutiny of 4 analysts, each contributing to the ongoing evaluation of its stock.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
5 analysts predict $49.46M in revenue for the current quarter. 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.
