Blend Labs Inc (NYSE: BLND) is -9.80% lower on its value in year-to-date trading and has touched a low of $0.53 and a high of $3.40 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 BLND stock was last observed hovering at around $2.45 in the last trading session, with the day’s loss setting it -0.15%.
Currently trading at $2.30, the stock is -11.23% and -15.81% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.26 million and changing -6.12% at the moment leaves the stock 19.80% off its SMA200. BLND registered 273.56% gain for a year compared to 6-month gain of 90.08%.
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The stock witnessed a -23.84% loss in the last 1 month and extending the period to 3 months gives it a -15.75%, and is -6.88% down 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 10.97% over the week and 7.52% over the month.
Blend Labs Inc (BLND) has around 881 employees, a market worth around $579.71M and $156.85M in sales. Profit margin for the company is -118.15%. Distance from 52-week low is 335.11% and -32.45% from its 52-week high. The company has generated returns on investments over the last 12 months (-146.99%).
The EPS is expected to grow by 54.84% this year
The shares outstanding are 240.26M, and float is at 159.91M with Short Float at 4.40%.
Blend Labs Inc (BLND) Insider Activity
The most recent transaction is an insider sale by Ghamsari Nima, the company’s HEAD OF BLEND. SEC filings show that Ghamsari Nima sold 100,807 shares of the company’s common stock on Apr 24 ’24 at a price of $2.45 per share for a total of $0.25 million. Following the sale, the insider now owns 0.0 shares.
Blend Labs Inc disclosed in a document filed with the SEC on Apr 12 ’24 that Jafari Amir (HEAD OF FINANCE AND ADMIN.) bought a total of 6,265 shares of the company’s common stock. The trade occurred on Apr 12 ’24 and was made at $2.65 per share for $16588.0. Following the transaction, the insider now directly holds 0.4 million shares of the BLND stock.
Still, SEC filings show that on Mar 22 ’24, Ghamsari Nima (HEAD OF BLEND) disposed off 81,700 shares at an average price of $2.99 for $0.24 million. The insider now directly holds 34,774 shares of Blend Labs Inc (BLND).
