Blade Air Mobility Inc (NASDAQ: BLDE) is 12.71% 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 $4.25 in the last trading session, with the day’s gains setting it 0.54%.
Currently trading at $4.79, the stock is 12.15% and 21.49% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.23 million and changing 12.71% at the moment leaves the stock 39.66% off its SMA200. BLDE registered 52.55% gain for a year compared to 6-month gain of 39.24%. The firm has a 50-day simple moving average (SMA 50) of $3.9426 and a 200-day simple moving average (SMA200) of $3.42965.
The stock witnessed a 11.92% loss in the last 1 month and extending the period to 3 months gives it a 46.48%, and is 7.64% 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 8.86% over the week and 8.10% over the month.
Blade Air Mobility Inc (BLDE) has around 281 employees, a market worth around $422.78M and $241.81M in sales. Profit margin for the company is -21.28%. Distance from 52-week low is 95.51% and -7.35% 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 54.56% this year.
Blade Air Mobility Inc (BLDE) Top Institutional Holders
168.0 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 55.90M with Short Float at 5.41%. Institutions hold 74.20% 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 Love Reginald, the company’s Director. SEC filings show that Love Reginald sold 5,091 shares of the company’s common stock on Dec 13 ’24 at a price of $4.05 per share for a total of $20619.0. Following the sale, the insider now owns 0.1 million shares.
Blade Air Mobility Inc disclosed in a document filed with the SEC on Dec 13 ’24 that Borthwick John (Director) sold a total of 78,291 shares of the company’s common stock. The trade occurred on Dec 13 ’24 and was made at $4.00 per share for $0.31 million. Following the transaction, the insider now directly holds 0.17 million shares of the BLDE stock.
Still, SEC filings show that on Dec 13 ’24, Borthwick John (Director) Proposed Sale 78,291 shares at an average price of $3.80 for $0.3 million. The insider now directly holds shares of Blade Air Mobility Inc (BLDE).
