Blend Labs Inc (BLND) concluded trading on Thursday at a closing price of $4.43, with 3.45 million shares of worth about $15.29 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 93.45% during that period and on December 19, 2024 the price saw a loss of about -5.74%. Currently the company’s common shares owned by public are about 252.13M shares, out of which, 208.37M shares are available for trading.
Stock saw a price change of -12.80% in past 5 days and over the past one month there was a price change of -10.87%. Year-to-date (YTD), BLND shares are showing a performance of 73.73% which increased to 94.30% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $2.08 but also hit the highest price of $5.53 during that period. The average intraday trading volume for Blend Labs Inc shares is 2.48 million. The stock is currently trading -13.03% below its 20-day simple moving average (SMA20), while that difference is up 0.81% for SMA50 and it goes to 31.84% higher than SMA200.
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Blend Labs Inc (NYSE: BLND) currently have 252.13M outstanding shares and institutions hold larger chunk of about 43.38% of that.
The stock has a current market capitalization of $1.13B and its 3Y-monthly beta is at 1.36. It has posted earnings per share of -$0.34 in the same period. It has Quick Ratio of 3.21. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for BLND, volatility over the week remained 7.93% while standing at 5.79% over the month.
Stock’s fiscal year EPS is expected to rise by 82.96% while it is estimated to increase by 189.67% in next year. EPS is likely to grow at an annualized rate of 20.00% for next 5-years, compared to annual growth of -19.48% made by the stock over the past 5-years.
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 JMP Securities on December 18, 2024 offering a Mkt outperform rating for the stock and assigned a target price of $7 to it. Coverage by Canaccord Genuity stated Blend Labs Inc (BLND) stock as a Buy in their note to investors on August 12, 2024, suggesting a price target of $4.75 for the stock. On August 09, 2024, William Blair Upgrade their recommendations, while on December 20, 2023, Wells Fargo Upgrade their ratings for the stock with a price target of $3.50. Stock get a Mkt perform rating from Keefe Bruyette on November 14, 2022.
