Blade Air Mobility Inc (NASDAQ:BLDE) does about 521.57K shares in volume on a normal day but saw 2356762 shares change hands in the recent trading day. The company now has a market cap of 292.90M USD. Its current market price is $3.74, marking an increase of 13.33% compared to the previous close of $3.30. The 52 week high reached by this stock is $4.24 whilst the lowest price level in 52 weeks is $2.45.
Blade Air Mobility Inc (BLDE) has a 20-day trading average at $3.53 and the current price is -11.90% off the 52-week high compared with 52.65% distance from its 52-week low. The 50-day simple moving average of the closing price is $3.43 and its 200-day simple moving average is $3.29. If we look at the stock’s price movements over the week, volatility stands at 7.67%, which decreases to 6.99% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 58.00 to suggest the stock is neutral.
The consensus objective for the share price is $7.38, suggesting that the stock has a potential upside of 49.32% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on July 18, 2023 when Ladenburg Thalmann initiated the stock to “Buy” and issued a price target of $13. Oppenheimer initiated its price target at $14.
The current price level is 5.90%, 9.05%, and 13.72% away from its SMA20, SMA50, and SMA200 respectively, with the BLDE price moving below the 50-day SMA on current market day. Blade Air Mobility Inc (BLDE) stock is up 20.65% over the week and 5.65% over the past month. Its price is 5.95% year-to-date and 10.98% over the past year.
The stock last released its quarterly earnings report for quarter ended 9/30/2024, with the company’s earnings per share (EPS) of -0.1 below consensus estimates by -0.01. The company’s next earnings report forecasts estimating quarterly EPS at -0.1 and -0.35 for whole year. Expected sales for next quarter are $50.4M, which analysts say will come at $247.22M for the current fiscal year and next year at $264.77M. In addition, estimates put the company’s current quarterly revenue at an average of $51.97M.
To reach the target analysts have set, the stock logically needs to grow 49.32 percent from here.
Outstanding shares total 75.13M with insiders holding 8.42% of the shares and institutional holders owning 73.95% of the company’s common stock. The company has a return on investment of -20.36% and return on equity of -20.73%. The beta has a value of 1.03. Price to book ratio is 1.25 and price to sales ratio is 1.21.
