Blend Labs Inc. (NYSE:BLND) price on Friday, August 27, fall -2.69% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $15.92.
A look at the stock’s price movement, the close in the last trading session was $16.36, moving within a range at $15.78 and $16.36. Turning to its 52-week performance, $21.04 and $15.72 were the 52-week high and 52-week low respectively. Overall, BLND moved -11.90% over the past month.
Blend Labs Inc.’s market cap currently stands at around $3.83 billion, with investors looking forward to this quarter’s earnings report slated for Aug 19, 2021.
Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s).
BLND’s current price about -11.99% and -11.70% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 31.89, while 7-day volatility ratio is 5.84% and 5.21% in the 30-day chart. Further, Blend Labs Inc. (BLND) has a beta value of 0, and an average true range (ATR) of 1.01.
In the market, a comparison of Blend Labs Inc. (BLND) and its peers suggest the former has performed considerably weaker. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are up 0.88% and 0.69% respectively in the last trading.
If we refocus on Blend Labs Inc. (NYSE:BLND), historical trading data shows that trading volumes averaged 1.18 million over the past 3 months. The company’s latest data on shares outstanding shows there are 240.64 million shares.
The 6.50% of Blend Labs Inc.’s shares are in the hands of company insiders while institutional holders own 40.63% of the company’s shares. Current price change has pushed the stock -23.83% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the BLND stock continues to rise going into the next quarter.