Blend Labs Inc (NYSE: BLND): Think Like A Lender, Not An Investor

money audit

Blend Labs Inc (NYSE:BLND) currently has a daily average trading volume of 1.91M but it saw 1663661 shares traded in last market. With a market cap of 784.90M USD, the company’s current market price of $3.11 came rising about 6.14 while comparing to the previous closing price of $2.93. In past 52 weeks, the stock remained buoying in the range of price level as high as $3.40 and as low as $0.80.

Taking a look at 20-day trading activity of Blend Labs Inc (BLND) gives us an average price of $2.52, while its current price level is -8.66% below from 52-week high level whereas it is 288.26% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $2.76 while that of 200 days or SMA-200 reads an average of $1.99. A closer look into the stock’s movement over the week reveals that its volatility is standing at 9.84% during that period while stretching the period over a month that decreases to 8.53%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 65.02 which implies that the stock is in neutral territory.

The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Wells Fargo which upgraded the stock as “Overweight” in its note to investors issued on December 20, 2023, recommending a price target of between $1.50 and $3.50 for it. Keefe Bruyette upgraded its recommendation for the stock as a “Mkt Perform” from “Underperform” on November 14, 2022 while assigning a price target of $2.25. Keefe Bruyette issued its recommendations for the stock as it downgraded the price target for the stock in the range of between $4 and $2.75.

Over the week, BLND’s stock price is moving 31.78% up while it is 30.67% when we observe its performance for the past one month. Year-to-date it is 21.96% up and over the past year, the stock is showing an upside performance of 180.18%.

The latest quarterly earnings report issued by the company reported quarterly earnings per share (EPS) of -0.09 beat the consensus estimate of -0.13 for the same. In next quarter, company is expected to be making quarterly sales of $43.23M as analysts are expecting the sales for current fiscal year at $160.53M and seeing the company making $207.26M in sales next year. Moreover, analysts are in estimates of $38.84M for current-quarter revenue.

Currently, Blend Labs Inc’s total number of outstanding shares is 240.26M. Company’s return on investment (ROI) stands at -127.84% and return on equity (ROE) at -786.76%. Stock’s beta reads 1.18. Stock has a price to sale or P/S ratio amounts to 5.08. Its return on asset (ROA) is -47.68% on average.