Blend Labs Inc (NYSE:BLND) price on Wednesday, February 05, rose 0.25% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $4.05.
A look at the stock’s price movement, the close in the last trading session was $4.04, moving within a range at $3.91 and $4.05. The beta value (5-Year monthly) was 1.165. Turning to its 52-week performance, $5.53 and $2.08 were the 52-week high and 52-week low respectively. Overall, BLND moved 6.58% over the past month.
Blend Labs Inc’s market cap currently stands at around $1.04 billion, with investors looking forward to this quarter’s earnings report slated for in March.
Analysts have a consensus estimate of 41.39M for the company’s revenue for the quarter, with a low and high estimate of 40.8M and 42.58M respectively. The average forecast suggests up to a 14.63% 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 161.99M, representing a 3.28% 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 BLND is a Hold. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
3 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 2 recommend BLND as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
BLND’s current price about 8.32% and -7.34% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 53.59, while 7-day volatility ratio is 5.95% and 5.80% in the 30-day chart. Further, Blend Labs Inc (BLND) has a beta value of 1.36, and an average true range (ATR) of 0.24. Analysts have given the company’s stock an average 52-week price target of $4.75, forecast between a low of $4.75 and high of $4.75. Looking at the price targets, the low is -17.28% off current price level while to achieve the yearly target high, price needs to move -17.28%. Nonetheless, investors will most likely welcome a -17.28% jump to $4.75 which is the analysts’ median price.
If we refocus on Blend Labs Inc (NYSE:BLND), historical trading data shows that trading volumes averaged 2.14 over the past 10 days and 3.20 million over the past 3 months. The company’s latest data on shares outstanding shows there are 252.13 million shares.
The 18.61% of Blend Labs Inc’s shares are in the hands of company insiders while institutional holders own 43.00% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 9.89 million on 2025-01-15, giving us a short ratio of 2.62. The data shows that as of 2025-01-15 short interest in Blend Labs Inc (BLND) stood at 416.0 of shares outstanding, with shares short rising to 7.67 million registered in 2024-12-13. Current price change has pushed the stock -3.80% 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.
