Blade Air Mobility Inc (NASDAQ: BLDE) is -6.52% lower 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 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 $3.21 in the last trading session, with the day’s gains setting it 0.09%.
Currently trading at $3.30, the stock is -6.94% and -3.39% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.78 million and changing 2.80% at the moment leaves the stock 0.48% off its SMA200. BLDE registered 3.45% gain for a year compared to 6-month gain of 5.77%. The firm has a 50-day simple moving average (SMA 50) of $3.4119 and a 200-day simple moving average (SMA200) of $3.282275.
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The stock witnessed a -11.05% loss in the last 1 month and extending the period to 3 months gives it a 5.77%, and is -3.51% 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 6.55% over the week and 6.35% over the month.
Blade Air Mobility Inc (BLDE) has around 281 employees, a market worth around $258.44M and $241.81M in sales. Profit margin for the company is -21.28%. Distance from 52-week low is 34.69% and -22.26% 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 56.52% this year
170.0 institutions hold shares in Blade Air Mobility Inc (BLDE), with institutional investors hold 80.75% of the company’s shares. The shares outstanding are 75.13M, and float is at 55.94M with Short Float at 6.38%. Institutions hold 73.95% 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 WIESENTHAL ROBERT S, the company’s Chief Executive Officer. SEC filings show that WIESENTHAL ROBERT S sold 2,100,000 shares of the company’s common stock on Nov 14 ’24 at a price of $3.22 per share for a total of $6.76 million. Following the sale, the insider now owns 4.81 million shares.
Still, SEC filings show that on Nov 12 ’24, Tomkiel Melissa M. (President and General Counsel) disposed off 44,621 shares at an average price of $3.40 for $0.15 million. The insider now directly holds 1,173,003 shares of Blade Air Mobility Inc (BLDE).
