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The price of Blend Labs Inc (NYSE: BLND) closed at $3.76 in the last session, up 2.73% from day before closing price of $3.66. In other words, the price has increased by $2.73 from its previous closing price. On the day, 3.23 million shares were traded. BLND stock price reached its highest trading level at $3.92 during the session, while it also had its lowest trading level at $3.57.
Ratios:
We take a closer look at BLND’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 3.41 and its Current Ratio is at 3.41.
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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of 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 955957440 and an Enterprise Value of 1035836608. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.13. Its current Enterprise Value per Revenue stands at 6.809 whereas that against EBITDA is -13.072.
Stock Price History:
Over the past 52 weeks, BLND has reached a high of $4.14, while it has fallen to a 52-week low of $1.03. The 50-Day Moving Average of the stock is 39.52%, while the 200-Day Moving Average is calculated to be 53.57%.
Shares Statistics:
According to the various share statistics, BLND traded on average about 2.69M shares per day over the past 3-months and 4282560 shares per day over the past 10 days. A total of 240.26M shares are outstanding, with a floating share count of 183.56M. Insiders hold about 26.02% of the company’s shares, while institutions hold 32.00% stake in the company. Shares short for BLND as of 1722384000 were 14680028 with a Short Ratio of 5.46, compared to 1719532800 on 8469913. Therefore, it implies a Short% of Shares Outstanding of 14680028 and a Short% of Float of 6.239999999999999.
Earnings Estimates
The stock of Blend Labs Inc (BLND) is currently in the spotlight, with 5.0 analysts actively rating and assessing its market standing.The consensus estimate for the next quarter is -$0.01, with high estimates of $0.0 and low estimates of -$0.01.
Analysts are recommending an EPS of between -$0.09 and -$0.15 for the fiscal current year, implying an average EPS of -$0.12. EPS for the following year is $0.02, with 5.0 analysts recommending between $0.08 and -$0.07.
Revenue Estimates
According to 6 analysts, the current quarter’s revenue is expected to be $42.44M. It ranges from a high estimate of $45.7M to a low estimate of $41.3M. As of the current estimate, Blend Labs Inc’s year-ago sales were $40.59MFor the next quarter, 6 analysts are estimating revenue of $44.19M. There is a high estimate of $48.7M for the next quarter, whereas the lowest estimate is $40.8M.
A total of 6 analysts have provided revenue estimates for BLND’s current fiscal year. The highest revenue estimate was $169.2M, while the lowest revenue estimate was $157.5M, resulting in an average revenue estimate of $161.95M. In the same quarter a year ago, actual revenue was $156.85MBased on 6 analysts’ estimates, the company’s revenue will be $201.65M in the next fiscal year. The high estimate is $213M and the low estimate is $186M.
