Blend Labs Inc (NYSE:BLND) currently has a daily average trading volume of 3.44M but it saw 3526216 shares traded in last market. With a market cap of 912.59M USD, the company’s current market price of $3.53 came rising about 1.73 while comparing to the previous closing price of $3.47. In past 52 weeks, the stock remained buoying in the range of price level as high as $5.53 and as low as $2.08.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the JMP Securities which initiated the stock as “Mkt Outperform” in its note to investors issued on December 18, 2024, recommending a price target of $7 for it. Canaccord Genuity upgraded its recommendation for the stock as a “Buy” from “Hold” on August 12, 2024 while assigning a price target range of $3-$4.75.
Over the week, BLND’s stock price is moving -3.02% down while it is 10.66% when we observe its performance for the past one month. Year-to-date it is -16.15% down and over the past year, the stock is showing an upside performance of 12.78%.
The company is expected to be releasing its next quarterly report in June, for which analysts forecasted an EPS of 0.02 while estimate for next year EPS is 0.05. In next quarter, company is expected to be making quarterly sales of $36.71M as analysts are expecting the sales for current fiscal year at $132M and seeing the company making $169.72M in sales next year. Moreover, analysts are in estimates of $31.93M for current-quarter revenue.
Currently, Blend Labs Inc’s total number of outstanding shares is 255.08M with 3.93% of that held by the insiders while 64.65% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -41.12% and return on equity (ROE) at -786.76%. It has a 30.62 of forward P/E ratio. Stock’s beta reads 1.29. Stock has a price to sale or P/S ratio amounts to 5.93. Its return on asset (ROA) is -25.76% on average.
