Blade Air Mobility Inc (NASDAQ:BLDE) price on current trading day, fall -4.46% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $4.39.
A look at the stock’s price movement, the close in the last trading session was $4.59, moving within a range at $4.38 and $4.75. The beta value (5-Year monthly) was -0.21. Turning to its 52-week performance, $5.17 and $2.45 were the 52-week high and 52-week low respectively. Overall, BLDE moved 21.94% over the past month.
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Blade Air Mobility Inc’s market cap currently stands at around $343.80 million, with investors looking forward to this quarter’s earnings report slated for in January.
Analysts have a consensus estimate of 50.38M for the company’s revenue for the quarter, with a low and high estimate of 50.25M and 50.48M respectively. The average forecast suggests up to a 6.12% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 246.27M, representing a 9.36% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that BLDE is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
BLDE’s current price about 15.87% and 21.66% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 60.91, while 7-day volatility ratio is 12.82% and 9.99% in the 30-day chart. Further, Blade Air Mobility Inc (BLDE) has a beta value of 1.13, and an average true range (ATR) of 0.38.
If we refocus on Blade Air Mobility Inc (NASDAQ:BLDE), historical trading data shows that trading volumes averaged 1.91 over the past 10 days and 750.90K over the past 3 months. The company’s latest data on shares outstanding shows there are 78.31 million shares.
The 28.46% of Blade Air Mobility Inc’s shares are in the hands of company insiders while institutional holders own 53.42% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 3.4 million on 2024-11-15, giving us a short ratio of 5.81. The data shows that as of 2024-11-15 short interest in Blade Air Mobility Inc (BLDE) stood at 677.0 of shares outstanding, with shares short falling to 3.69 million registered in 2024-10-15. Current price change has pushed the stock 24.36% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the BLDE stock continues to rise going into the next quarter.
