The trading price of Blade Air Mobility Inc (NASDAQ:BLDE) closed lower on Monday, December 09, and closing at $4.64, -1.69% lower than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $4.56 and $5.08. In examining the 52-week price action we see that the stock hit a 52-week high of $5.17 and a 52-week low of $2.45. Over the past month, the stock has gained 24.40% in value.
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Blade Air Mobility Inc, whose market valuation is $390.69 million at the time of this writing, is expected to release its quarterly earnings report in January. Investors’ optimism about the company’s current quarter earnings report is understandable.
On the technical side, indicators suggest BLDE has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
A quick review shows that BLDE’s price is currently 19.47% off the SMA20 and 26.12% off the SMA50. The RSI metric on the 14-day chart is currently showing 63.56, and weekly volatility stands at 10.43%. When measured over the past 30 days, the indicator reaches 10.59%. Blade Air Mobility Inc (NASDAQ:BLDE)’s beta value is currently sitting at 1.13, while the Average True Range indicator is currently displaying 0.39.
To see how Blade Air Mobility Inc stock has been performing in comparison to its peers in the industry, here are the numbers: BLDE stock’s performance was -1.69% in the latest trading, and 44.55% in the past year.
An evaluation of the daily trading volume of Blade Air Mobility Inc (NASDAQ:BLDE) indicates that the 3-month average is 787.58K. However, this figure has increased over the past 10 days to an average of 2.08.
Currently, records show that 78.31 million of the company’s shares remain outstanding. The insiders hold 28.34% of outstanding shares, whereas institutions hold 53.42%. The stats also highlight that short interest as of 2024-11-15, stood at 3.4 million shares, resulting in a short ratio of 5.81 at that time. From this, we can conclude that short interest is 677.00 of the company’s total outstanding shares. It is noteworthy that short shares in November were down slightly from the previous month’s figure, which was 3.69 million. However, since the stock’s price has seen 31.44% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
