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New Big Money Means Blade Air Mobility Inc (BLDE) Investors Could Reap Benefit

Blade Air Mobility Inc (NASDAQ: BLDE) is -5.10% lower on its value in year-to-date trading and has touched a low of $2.06 and a high of $4.54 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The BLDE stock was last observed hovering at around $3.16 in the last trading session, with the day’s gains setting it 0.19%.

Currently trading at $3.35, the stock is 11.18% and 8.05% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.99 million and changing 6.01% at the moment leaves the stock 5.04% off its SMA200. BLDE registered -0.89% loss for a year compared to 6-month gain of 29.84%. The firm has a 50-day simple moving average (SMA 50) of $0.43 and a 200-day simple moving average (SMA200) of -$1.59.

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The stock witnessed a -6.16% loss in the last 1 month and extending the period to 3 months gives it a -1.76%, and is 26.89% 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 10.38% over the week and 9.44% over the month.

Blade Air Mobility Inc (BLDE) has around 281 employees, a market worth around $252.69M and $225.18M in sales. Profit margin for the company is -24.90%. Distance from 52-week low is 62.62% and -26.21% from its 52-week high. The company has generated returns on investments over the last 12 months (-22.07%).

Blade Air Mobility Inc quarterly earnings per share for the current quarter are estimated at -$0.13 with sales reaching $47.48M over the same period.The EPS is expected to grow by 68.46% this year, but quarterly earnings will post 54.10% year-over-year. Quarterly sales are estimated to grow 24.50% in year-over-year returns.

152 institutions hold shares in Blade Air Mobility Inc (BLDE), with institutional investors hold 73.90% of the company’s shares. The shares outstanding are 75.13M, and float is at 45.21M with Short Float at 6.64%. Institutions hold 65.42% of the Float.

The top institutional shareholder in the company is ARK Investment Management, LLC with over 6.79 million shares valued at $17.6 million. The investor’s holdings represent 9.17% of the BLDE Shares outstanding. As of Jun 29, 2023, the second largest holder is Nikko Asset Management Americas, Inc. with 4.53 million shares valued at $17.83 million to account for 6.11% of the shares outstanding. The other top investors are Sumitomo Mitsui Trust Holdings, Inc. which holds 4.53 million shares representing 6.11% and valued at over $17.83 million, while Blackrock Inc. holds 5.39% of the shares totaling 4.0 million with a market value of $15.74 million.

Blade Air Mobility Inc (BLDE) Insider Activity

The most recent transaction is an insider sale by WIESENTHAL ROBERT S, the company’s Chief Executive Officer. SEC filings show that WIESENTHAL ROBERT S sold 66,932 shares of the company’s common stock on Mar 14 ’24 at a price of $2.62 per share for a total of $0.18 million. Following the sale, the insider now owns 7.17 million shares.

Blade Air Mobility Inc disclosed in a document filed with the SEC on Mar 14 ’24 that Heyburn William A. (Chief Financial Officer) sold a total of 26,632 shares of the company’s common stock. The trade occurred on Mar 14 ’24 and was made at $2.62 per share for $69898.0. Following the transaction, the insider now directly holds 1.36 million shares of the BLDE stock.

Still, SEC filings show that on Mar 14 ’24, Tomkiel Melissa M. (President and General Counsel) disposed off 25,634 shares at an average price of $2.62 for $67279.0. The insider now directly holds 1,230,545 shares of Blade Air Mobility Inc (BLDE).

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