These Numbers Show Favorable Signs for Blend Labs Inc (BLND)

Blend Labs Inc (NYSE: BLND) is 66.67% higher on its value in year-to-date trading and has touched a low of $0.53 and a high of $2.55 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The BLND stock was last observed hovering at around $2.24 in the last trading session, with the day’s gains setting it 0.16%.

Currently trading at $2.40, the stock is 40.27% and 65.91% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.4 million and changing 7.14% at the moment leaves the stock 106.20% off its SMA200. BLND registered 96.72% gain for a year compared to 6-month gain of 167.44%. The firm has a 50-day simple moving average (SMA 50) of $3.56 and a 200-day simple moving average (SMA200) of -$3.01.

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The stock witnessed a 90.48% loss in the last 1 month and extending the period to 3 months gives it a 101.68%, and is 12.68% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 9.85% over the week and 9.64% over the month.

Blend Labs Inc (BLND) has around 1546 employees, a market worth around $595.68M and $163.53M in sales. Profit margin for the company is -144.45%. Distance from 52-week low is 354.03% and -5.75% from its 52-week high. The company has generated returns on investments over the last 12 months (-101.19%).

Blend Labs Inc (BLND) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Blend Labs Inc (BLND) is a “Overweight”. 7 analysts offering their recommendations for the stock have an average rating of 2.43, where 5 rate it as a Hold and 0 think it is a “Overweight”. 2 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Blend Labs Inc is expected to release its quarterly report on 03/28/2024.The EPS is expected to grow by 47.30% this year.

Blend Labs Inc (BLND) Top Institutional Holders

The shares outstanding are 230.21M, and float is at 176.70M with Short Float at 5.65%.

Blend Labs Inc (BLND) Insider Activity

A total of 22 insider transactions have happened at Blend Labs Inc (BLND) in the last six months, with sales accounting for 9 and purchases happening 13 times. The most recent transaction is an insider purchase by Jafari Amir,the company’sHead of Finance and Admin. SEC filings show that Jafari Amir bought 8,547 shares of the company’s common stock on Dec 13 at a price of $2.00 per share for a total of $17085.0. Following the purchase, the insider now owns 68557.0 shares.

Blend Labs Inc disclosed in a document filed with the SEC on Nov 30 that Ghamsari Nima (Head of Blend) sold a total of 249,999 shares of the company’s common stock. The trade occurred on Nov 30 and was made at $1.29 per share for $0.32 million. Following the transaction, the insider now directly holds 41755.0 shares of the BLND stock.

Still, SEC filings show that on Nov 13, Jafari Amir (Head of Finance and Admin.) acquired 12,610 shares at an average price of $1.22 for $15350.0. The insider now directly holds 41,103 shares of Blend Labs Inc (BLND).

Blend Labs Inc (BLND): Who are the competitors?

The company’s main competitors (and peers) include Microsoft Corp. (MSFT) that is trading 56.91% up over the past 12 months. Alphabet Inc. Cl A (GOOGL) that is 58.57% higher over the same period.