Beyond market averages, investors seeking exceptional growth focus on the art of stock selection. The right picks can significantly contribute to the expansion of your wealth.
In the latest session, Blend Labs Inc (NYSE: BLND) closed at $3.80 down -1.04% from its previous closing price of $3.84. In other words, the price has decreased by -$1.04 from its previous closing price. On the day, 4.03 million shares were traded. BLND stock price reached its highest trading level at $3.87 during the session, while it also had its lowest trading level at $3.6.
Ratios:
For a deeper understanding of Blend Labs Inc’s stock, let’s take a closer look at its various ratios. 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 this company, JMP Securities on December 18, 2024, initiated with a Mkt Outperform rating and assigned the stock a target price of $7.
On August 12, 2024, Canaccord Genuity Upgraded its rating to Buy which previously was Hold and also upped its target price recommendation from $3 to $4.75.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Dec 31 ’24 when Kneafsey Brian sold 30,000 shares for $4.27 per share. The transaction valued at 128,247 led to the insider holds 896,759 shares of the business.
Kneafsey Brian bought 30,000 shares of BLND for $128,246 on Dec 31 ’24. On Dec 30 ’24, another insider, Ling Winnie, who serves as the HEAD OF LEGAL AND PEOPLE of the company, sold 5,000 shares for $4.20 each. As a result, the insider received 21,010 and left with 343,781 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 972534016 and an Enterprise Value of 1049259264. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.14. Its current Enterprise Value per Revenue stands at 6.695 whereas that against EBITDA is -17.712.
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 $2.08. The 50-Day Moving Average of the stock is -15.63%, while the 200-Day Moving Average is calculated to be 11.10%.
Shares Statistics:
For the past three months, BLND has traded an average of 2.61M shares per day and 3703910 over the past ten days. A total of 252.13M shares are outstanding, with a floating share count of 208.14M. Insiders hold about 18.68% of the company’s shares, while institutions hold 43.41% stake in the company. Shares short for BLND as of 1734048000 were 7671220 with a Short Ratio of 2.94, compared to 1731628800 on 9294363. Therefore, it implies a Short% of Shares Outstanding of 7671220 and a Short% of Float of 3.2199999999999998.
