Blade Air Mobility Inc (NASDAQ:BLDE) does about 658.98K shares in volume on a normal day but saw 996977 shares change hands in the recent trading day. The company now has a market cap of 279.51M USD. Its current market price is $3.45, marking a decrease of -0.29% compared to the previous close of $3.46. The 52 week high reached by this stock is $5.17 whilst the lowest price level in 52 weeks is $2.35.
Blade Air Mobility Inc (BLDE) has a 20-day trading average at $2.80 and the current price is -33.27% off the 52-week high compared with 46.80% distance from its 52-week low. The 50-day simple moving average of the closing price is $2.86 and its 200-day simple moving average is $3.41. If we look at the stock’s price movements over the week, volatility stands at 6.47%, which decreases to 5.10% 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 70.73 to suggest the stock is overbought.
The consensus objective for the share price is $7.20, suggesting that the stock has a potential upside of 52.08% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on February 26, 2025 when Lake Street initiated the stock to “Buy” and issued a price target of $6.50. Ladenburg Thalmann initiated its price target at $13.
The current price level is 23.17%, 20.49%, and 1.14% 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 25.00% over the week and 28.25% over the past month. Its price is -18.82% year-to-date and -3.90% over the past year.
The company’s next earnings report forecasts estimating quarterly EPS at -0.05 and -0.07 for whole year. Expected sales for next quarter are $79.72M, which analysts say will come at $257.9M for the current fiscal year and next year at $279.53M. In addition, estimates put the company’s current quarterly revenue at an average of $63.61M.
To reach the target analysts have set, the stock logically needs to grow 52.08 percent from here.
Outstanding shares total 80.97M with insiders holding 10.80% of the shares and institutional holders owning 69.59% of the company’s common stock. The company has a return on investment of -11.78% and return on equity of -11.64%. The beta has a value of 1.63. Price to book ratio is 1.27 and price to sales ratio is 1.11.
