During the last session, Blend Labs Inc (NYSE:BLND)’s traded shares were 0.58 million, with the beta value of the company hitting 1.11. At the end of the trading day, the stock’s price was $2.48, reflecting an intraday gain of 3.33% or $0.08. The 52-week high for the BLND share is $3.40, that puts it down -37.1 from that peak though still a striking 78.63% gain since the share price plummeted to a 52-week low of $0.53. The company’s market capitalization is $625.08M, and the average trade volume was 1.80 million shares over the past three months.
Blend Labs Inc (NYSE:BLND) trade information
Blend Labs Inc (BLND) registered a 3.33% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 3.33% in intraday trading to $2.48, hitting a weekly high. The stock’s 5-day price performance is 6.44%, and it has moved by -21.52% in 30 days. Based on these gigs, the overall price performance for the year is 259.84%.
Blend Labs Inc (BLND) estimates and forecasts
Statistics show that Blend Labs Inc has outperformed its competitors in share price, compared to the industry in which it operates. Blend Labs Inc (BLND) shares have gone up 104.96% during the last six months, with a year-to-date growth rate more than the industry average at 47.50% against 18.90. In the rating firms’ projections, revenue will increase 5.40% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 34.53M as predicted by 7 analyst(s). Meanwhile, a consensus of 7 analyst(s) estimates revenue growth to 41.78M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 37.34M and 40.11M respectively. In this case, analysts expect current quarter sales to shrink by -7.50% and then jump by 4.20% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -19.48%. While earnings are projected to return 52.76% in 2024.
BLND Dividends
Blend Labs Inc is due to release its next quarterly earnings in May. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
