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The closing price of Blend Labs Inc (NYSE: BLND) was $5.06 for the day, up 2.85% from the previous closing price of $4.92. In other words, the price has increased by $2.85 from its previous closing price. On the day, 2.89 million shares were traded. BLND stock price reached its highest trading level at $5.145 during the session, while it also had its lowest trading level at $4.8708.
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 3.21 and its Current Ratio is at 3.21.
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 Dec 10 ’24 when Kneafsey Brian sold 30,000 shares for $5.12 per share. The transaction valued at 153,576 led to the insider holds 937,439 shares of the business.
Ling Winnie sold 15,000 shares of BLND for $76,050 on Dec 10 ’24. The HEAD OF LEGAL AND PEOPLE now owns 250,881 shares after completing the transaction at $5.07 per share. On Dec 10 ’24, another insider, Kneafsey Brian, who serves as the Officer of the company, bought 30,000 shares for $5.12 each.
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 1295005824 and an Enterprise Value of 1371731200. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.00. Its current Enterprise Value per Revenue stands at 8.753 whereas that against EBITDA is -23.155.
Stock Price History:
Over the past 52 weeks, BLND has reached a high of $5.53, while it has fallen to a 52-week low of $1.99. The 50-Day Moving Average of the stock is 17.06%, while the 200-Day Moving Average is calculated to be 51.89%.
Shares Statistics:
BLND traded an average of 2.50M shares per day over the past three months and 3209490 shares per day over the past ten days. A total of 252.13M shares are outstanding, with a floating share count of 208.37M. Insiders hold about 18.60% of the company’s shares, while institutions hold 43.38% stake in the company. Shares short for BLND as of 1732838400 were 7892462 with a Short Ratio of 3.16, compared to 1730332800 on 12725887. Therefore, it implies a Short% of Shares Outstanding of 7892462 and a Short% of Float of 3.3099998.
