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The closing price of Blend Labs Inc (NYSE: BLND) was $5.12 for the day, down -4.30% from the previous closing price of $5.35. In other words, the price has decreased by -$4.30 from its previous closing price. On the day, 3.04 million shares were traded. BLND stock price reached its highest trading level at $5.405 during the session, while it also had its lowest trading level at $5.05.
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 06 ’24 when Mayopoulos Timothy J bought 56,490 shares for $5.50 per share.
Tkach Oxana sold 18,324 shares of BLND for $94,845 on Nov 25 ’24. The PRINCIPAL ACCOUNTING OFFICER now owns 88,677 shares after completing the transaction at $5.18 per share. On Nov 25 ’24, another insider, Tkach Oxana, who serves as the Officer of the company, bought 18,324 shares for $5.18 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 1310361600 and an Enterprise Value of 1387086976. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.72. Its current Enterprise Value per Revenue stands at 8.851 whereas that against EBITDA is -23.415.
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 $1.52. The 50-Day Moving Average of the stock is 22.43%, while the 200-Day Moving Average is calculated to be 56.72%.
Shares Statistics:
BLND traded an average of 2.49M shares per day over the past three months and 3392570 shares per day over the past ten days. A total of 252.13M shares are outstanding, with a floating share count of 207.79M. Insiders hold about 18.81% of the company’s shares, while institutions hold 43.38% stake in the company. Shares short for BLND as of 1731628800 were 9294363 with a Short Ratio of 3.74, compared to 1728950400 on 14752278. Therefore, it implies a Short% of Shares Outstanding of 9294363 and a Short% of Float of 3.9.
