Blade Air Mobility Inc (NASDAQ: BLDE) is 18.13% higher on its value in year-to-date trading and has touched a low of $2.45 and a high of $5.17 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 $4.33 in the last trading session, with the day’s loss setting it -0.16%.
Currently trading at $4.17, the stock is 4.68% and 11.12% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.77 million and changing -3.70% at the moment leaves the stock 24.13% off its SMA200. BLDE registered 40.88% gain for a year compared to 6-month gain of 38.08%. The firm has a 50-day simple moving average (SMA 50) of $3.7354 and a 200-day simple moving average (SMA200) of $3.3545.
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The stock witnessed a 19.48% loss in the last 1 month and extending the period to 3 months gives it a 31.13%, and is -5.01% 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 8.05% over the week and 10.05% over the month.
Blade Air Mobility Inc (BLDE) has around 281 employees, a market worth around $326.57M and $241.81M in sales. Profit margin for the company is -21.28%. Distance from 52-week low is 70.20% and -19.34% from its 52-week high. The company has generated returns on investments over the last 12 months (-20.36%).
with sales reaching $50.38M over the same period.The EPS is expected to grow by 54.56% this year, but quarterly earnings will post 9.36% year-over-year. Quarterly sales are estimated to grow 6.12% in year-over-year returns.
169.0 institutions hold shares in Blade Air Mobility Inc (BLDE), with institutional investors hold 81.25% of the company’s shares. The shares outstanding are 78.31M, and float is at 56.22M with Short Float at 5.56%. Institutions hold 74.79% 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 22,486 shares of the company’s common stock on Dec 09 ’24 at a price of $5.01 per share for a total of $0.11 million. Following the sale, the insider now owns 1.04 million shares.
Blade Air Mobility Inc disclosed in a document filed with the SEC on Dec 09 ’24 that Heyburn William A. (Chief Financial Officer) sold a total of 39,285 shares of the company’s common stock. The trade occurred on Dec 09 ’24 and was made at $5.02 per share for $0.2 million. Following the transaction, the insider now directly holds 1.34 million shares of the BLDE stock.
Still, SEC filings show that on Dec 02 ’24, Cohen Amir (Chief Accounting Officer) disposed off 5,000 shares at an average price of $4.55 for $22771.0. The insider now directly holds 69,591 shares of Blade Air Mobility Inc (BLDE).
