Blade Air Mobility Inc (NASDAQ: BLDE) is 2.27% higher on its value in year-to-date trading and has touched a low of $2.06 and a high of $4.51 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 BLDE stock was last observed hovering at around $3.53 in the last trading session, with the day’s gains setting it 0.08%.
Currently trading at $3.61, the stock is 6.73% and 9.51% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.89 million and changing 2.27% at the moment leaves the stock 15.87% off its SMA200. BLDE registered -16.05% loss for a year compared to 6-month gain of 26.22%.
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The stock witnessed a 15.34% loss in the last 1 month and extending the period to 3 months gives it a -0.55%, and is 3.74% 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 6.27% over the week and 5.39% over the month.
Blade Air Mobility Inc (BLDE) has around 281 employees, a market worth around $279.23M and $231.42M in sales. Fwd P/E is 134.75. Profit margin for the company is -21.66%. Distance from 52-week low is 75.24% and -19.87% from its 52-week high. The company has generated returns on investments over the last 12 months (-19.45%).
The EPS is expected to grow by 89.18% this year
The shares outstanding are 75.13M, and float is at 49.31M with Short Float at 8.75%.
Blade Air Mobility Inc (BLDE) Insider Activity
The most recent transaction is an insider purchase by Borthwick John, the company’s Director. SEC filings show that Borthwick John bought 7,743 shares of the company’s common stock on Jun 10 ’24 at a price of $2.97 per share for a total of $22996.0. Following the purchase, the insider now owns 83817.0 shares.
Blade Air Mobility Inc disclosed in a document filed with the SEC on Jun 10 ’24 that Love Reginald (Director) bought a total of 5,091 shares of the company’s common stock. The trade occurred on Jun 10 ’24 and was made at $2.98 per share for $15197.0. Following the transaction, the insider now directly holds 62628.0 shares of the BLDE stock.
Still, SEC filings show that on Jun 10 ’24, Cohen Amir (Chief Accounting Officer) disposed off 11,008 shares at an average price of $3.05 for $33550.0. The insider now directly holds 84,374 shares of Blade Air Mobility Inc (BLDE).
