Blade Air Mobility Inc (NASDAQ: BLDE) is 3.68% higher on its value in year-to-date trading and has touched a low of $2.45 and a high of $4.24 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 $3.49 in the last trading session, with the day’s gains setting it 0.17%.
Currently trading at $3.66, the stock is -0.32% and 8.06% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.16 million and changing 4.87% at the moment leaves the stock 11.73% off its SMA200. BLDE registered 11.59% gain for a year compared to 6-month loss of -2.14%. The firm has a 50-day simple moving average (SMA 50) of $3.3711 and a 200-day simple moving average (SMA200) of $3.272675.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The stock witnessed a 6.09% gain in the last 1 month and extending the period to 3 months gives it a 21.19%, and is -2.14% 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 9.19% over the week and 5.80% over the month.
Blade Air Mobility Inc (BLDE) has around 281 employees, a market worth around $285.24M and $241.81M in sales. Profit margin for the company is -21.28%. Distance from 52-week low is 49.39% and -13.78% from its 52-week high. The company has generated returns on investments over the last 12 months (-20.36%).
The EPS is expected to grow by 71.01% this year
167.0 institutions hold shares in Blade Air Mobility Inc (BLDE), with institutional investors hold 81.27% of the company’s shares. The shares outstanding are 75.13M, and float is at 53.52M with Short Float at 6.67%. Institutions hold 72.18% of the Float.
The top institutional shareholder in the company is ARK INVESTMENT MANAGEMENT LLC with over 6.44 million shares valued at $22.42 million. The investor’s holdings represent 8.6906 of the BLDE Shares outstanding. As of 2024-06-30, the second largest holder is SUMITOMO MITSUI TRUST HOLDINGS, INC. with 4.06 million shares valued at $14.13 million to account for 5.4765 of the shares outstanding. The other top investors are NIKKO ASSET MANAGEMENT AMERICAS, INC. which holds 4.04 million shares representing 5.4458 and valued at over $14.01 million, while BLACKROCK INC. holds 5.2583 of the shares totaling 3.9 million with a market value of $13.57 million.
Blade Air Mobility Inc (BLDE) Insider Activity
The most recent transaction is an insider sale by Tomkiel Melissa M., the company’s President and General Counsel. SEC filings show that Tomkiel Melissa M. sold 44,621 shares of the company’s common stock on Nov 12 ’24 at a price of $3.40 per share for a total of $0.15 million. Following the sale, the insider now owns 1.17 million shares.
Still, SEC filings show that on Sep 11 ’24, Cohen Amir (Chief Accounting Officer) disposed off 4,891 shares at an average price of $2.85 for $13939.0. The insider now directly holds 74,591 shares of Blade Air Mobility Inc (BLDE).
