Blade Air Mobility Inc (NASDAQ:BLDE) does about 845.56K shares in volume on a normal day but saw 845382 shares change hands in the recent trading day. The company now has a market cap of 315.61M USD. Its current market price is $4.03, marking a decrease of -2.18% compared to the previous close of $4.12. The 52 week high reached by this stock is $5.17 whilst the lowest price level in 52 weeks is $2.45.
Blade Air Mobility Inc (BLDE) has a 20-day trading average at $4.11 and the current price is -22.05% off the 52-week high compared with 64.49% distance from its 52-week low. The 50-day simple moving average of the closing price is $3.79 and its 200-day simple moving average is $3.37. If we look at the stock’s price movements over the week, volatility stands at 5.87%, which increases to 9.25% 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 49.73 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 45.39% 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 -1.93%, 6.23%, and 19.59% 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 down -10.04% over the week and 27.53% over the past month. Its price is 14.16% year-to-date and 25.55% over the past year.
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 $246.27M for the current fiscal year and next year at $259.92M. In addition, estimates put the company’s current quarterly revenue at an average of $51.54M.
To reach the target analysts have set, the stock logically needs to grow 45.39 percent from here.
The company has a return on investment of -20.36% and return on equity of -20.73%. The beta has a value of 1.13. Price to book ratio is 1.35 and price to sales ratio is 1.31.
