Currently, there are 78.31M common shares owned by the public and among those 55.71M shares have been available to trade.
The company’s stock has a 5-day price change of -1.32% and 7.45% over the past three months. BLDE shares are trading -11.76% year to date (YTD), with the 12-month market performance up to 26.69% higher. It has a 12-month low price of $2.45 and touched a high of $5.17 over the same period. BLDE has an average intraday trading volume of 1.04 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -3.02%, -8.37%, and 6.59% respectively.
Institutional ownership of Blade Air Mobility Inc (NASDAQ: BLDE) shares accounts for 52.15% of the company’s 78.31M shares outstanding.
It has a market capitalization of $293.66M and a beta (3y monthly) value of 1.20. The earnings-per-share (ttm) stands at -$0.68. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.55% over the week and 5.87% over the month.
Analysts forecast that Blade Air Mobility Inc (BLDE) will achieve an EPS of -0.1 for the current quarter, -0.09 for the next quarter and -0.17 for current fiscal year. The lowest estimate earnings-per-share for the quarter is -0.12 while analysts give the company a high EPS estimate of -0.12. Comparatively, EPS for the current quarter was -0.1 a year ago. Earnings per share for the fiscal year are expected to increase by 54.56%, and 18.29% over the next financial year.
Looking at the support for the BLDE, a number of firms have released research notes about the stock. Ladenburg Thalmann stated their Buy rating for the stock in a research note on July 18, 2023, with the firm’s price target at $13. Ladenburg Thalmann coverage for the Blade Air Mobility Inc (BLDE) stock in a research note released on July 17, 2023 offered a Buy rating with a price target of $13. Oppenheimer was of a view on September 28, 2021 that the stock is Outperform, while JP Morgan gave the stock Overweight rating on September 09, 2021, issuing a price target of $16. Deutsche Bank on their part issued Buy rating on September 01, 2021.
