The trading price of Blade Air Mobility Inc (NASDAQ:BLDE) closed higher on Friday, May 23, and closing at $3.38, 0.60% higher than its previous close.
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 $2.35. Over the past month, the stock has gained 26.12% in value.
Blade Air Mobility Inc, whose market valuation is $273.84 million at the time of this writing, is expected to release its quarterly earnings report in June. Investors’ optimism about the company’s current quarter earnings report is understandable.
On the technical side, indicators suggest BLDE has a Hold on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Sell, while an average of long term indicators suggests that the stock is currently 50% Sell.
A quick review shows that BLDE’s price is currently 8.50% off the SMA20 and 15.53% off the SMA50. The RSI metric on the 14-day chart is currently showing 61.75, and weekly volatility stands at 2.14%. When measured over the past 30 days, the indicator reaches 4.70%. Blade Air Mobility Inc (NASDAQ:BLDE)’s beta value is currently sitting at 1.62, while the Average True Range indicator is currently displaying 0.18.
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 0.60% in the latest trading, and 6.29% 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 653.06K.
Currently, records show that 80.97 million of the company’s shares remain outstanding. The insiders hold 30.03% of outstanding shares, whereas institutions hold 49.81%. However, since the stock’s price has seen -20.47% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
