Blend Labs Inc (NYSE:BLND) price on current trading day, fall -13.11% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $3.05.
A look at the stock’s price movement, the level at last check in today’s session was $3.51. Turning to its 52-week performance, $5.53 and $2.08 were the 52-week high and 52-week low respectively. Overall, BLND moved -21.59% over the past month.
Blend Labs Inc’s market cap currently stands at around $780.58 million, with investors looking forward to this quarter’s earnings report slated for in March.
Analysts have a consensus estimate of 41.73M for the company’s revenue for the quarter, with a low and high estimate of 40.83M and 42.47M respectively. The average forecast suggests up to a 19.40% 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 193.76M, representing a 19.59% 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 50% Sell. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell 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 -19.69% and -22.25% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 28.95, while 7-day volatility ratio is 6.43% and 5.28% in the 30-day chart. Further, Blend Labs Inc (BLND) has a beta value of 1.38, and an average true range (ATR) of 0.25. Analysts have given the company’s stock an average 52-week price target of $7, forecast between a low of $4.75 and high of $10. Looking at the price targets, the low is -55.74% off recent price level in today’s trading while to achieve the yearly target high, it has to move -227.87%. Nonetheless, investors will most likely welcome a -129.51% jump to $7 which is the analysts’ median price.
If we refocus on Blend Labs Inc (NYSE:BLND), historical trading data shows that trading volumes averaged 3.05 million over the past 3 months. The company’s latest data on shares outstanding shows there are 252.13 million shares.
The 20.23% of Blend Labs Inc’s shares are in the hands of company insiders while institutional holders own 51.75% of the company’s shares. Current price change has pushed the stock -27.55% 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.
