Blade Air Mobility Inc (NASDAQ: BLDE) Stock In Prove Me State

Blade Air Mobility Inc (BLDE) concluded trading on Thursday at a closing price of $2.85, with 0.44 million shares of worth about $1.25 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 5.95% during that period and on March 28, 2024 the price saw a loss of about -0.35%. Currently the company’s common shares owned by public are about 75.13M shares, out of which, 44.83M shares are available for trading.

Stock saw a price change of -1.38% in past 5 days and over the past one month there was a price change of -10.38%. Year-to-date (YTD), BLDE shares are showing a performance of -19.26% which decreased to -10.66% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $2.06 but also hit the highest price of $4.54 during that period. The average intraday trading volume for Blade Air Mobility Inc shares is 785.51K. The stock is currently trading -6.89% below its 20-day simple moving average (SMA20), while that difference is down -7.73% for SMA50 and it goes to -11.08% lower than SMA200.

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Blade Air Mobility Inc (NASDAQ: BLDE) currently have 75.13M outstanding shares and institutions hold larger chunk of about 42.66% of that.

The stock has a current market capitalization of $214.98M and its 3Y-monthly beta is at 1.16. It has posted earnings per share of -$0.76 in the same period. It has Quick Ratio of 5.81 while making debt-to-equity ratio of 0.10. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for BLDE, volatility over the week remained 6.16% while standing at 8.57% over the month.

Analysts are in expectations that Blade Air Mobility Inc (BLDE) stock would likely to be making an EPS of -$0.13 in the current quarter, while forecast for next quarter EPS is -$0.12 and it is -$0.28 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.18 which is -$0.08 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.21 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 69.99% while it is estimated to increase by 46.07% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Ladenburg Thalmann on July 18, 2023 offering a Buy rating for the stock and assigned a target price of $13 to it. Coverage by Ladenburg Thalmann stated Blade Air Mobility Inc (BLDE) stock as a Buy in their note to investors on July 17, 2023, suggesting a price target of $13 for the stock. On September 28, 2021, Oppenheimer Initiated their recommendations, while on September 09, 2021, JP Morgan Initiated their ratings for the stock with a price target of $16. Stock get a Buy rating from Deutsche Bank on September 01, 2021.

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