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The closing price of Blend Labs Inc (NYSE: BLND) was $4.55 for the day, down -4.21% from the previous closing price of $4.75. In other words, the price has decreased by -$4.21 from its previous closing price. On the day, 2.08 million shares were traded. BLND stock price reached its highest trading level at $4.715 during the session, while it also had its lowest trading level at $4.485.
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 Nov 12 ’24 when Mayopoulos Timothy J bought 88,311 shares for $4.66 per share.
Ling Winnie sold 10,000 shares of BLND for $34,236 on Oct 24 ’24. The HEAD OF LEGAL AND PEOPLE now owns 249,169 shares after completing the transaction at $3.42 per share. On Oct 24 ’24, another insider, Ling Winnie, who serves as the Officer of the company, bought 10,000 shares for $3.42 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 1164481536 and an Enterprise Value of 1241206784. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.43. Its current Enterprise Value per Revenue stands at 7.92 whereas that against EBITDA is -20.952.
Stock Price History:
Over the past 52 weeks, BLND has reached a high of $4.84, while it has fallen to a 52-week low of $1.16. The 50-Day Moving Average of the stock is 22.43%, while the 200-Day Moving Average is calculated to be 48.75%.
Shares Statistics:
BLND traded an average of 2.70M shares per day over the past three months and 2607920 shares per day over the past ten days. A total of 240.26M shares are outstanding, with a floating share count of 205.76M. Insiders hold about 18.75% of the company’s shares, while institutions hold 39.15% stake in the company. Shares short for BLND as of 1728950400 were 14752278 with a Short Ratio of 4.71, compared to 1726185600 on 13932638. Therefore, it implies a Short% of Shares Outstanding of 14752278 and a Short% of Float of 6.2700000000000005.
