During the last session, Blade Air Mobility Inc (NASDAQ:BLDE)’s traded shares were 0.65 million, with the beta value of the company hitting 1.03. The 52-week high for the BLDE share is $4.24, that puts it down -28.48 from that peak though still a striking 25.76% gain since the share price plummeted to a 52-week low of $2.45. The company’s market capitalization is $258.44M, and the average intraday trading volume over the past 10 days was 0.94 million shares, and the average trade volume was 516.92K shares over the past three months.

Blade Air Mobility Inc (NASDAQ:BLDE) trade information

The stock’s 5-day price performance is 4.43%, and it has moved by -8.59% in 30 days. Based on these gigs, the overall price performance for the year is 3.12%. The short interest in Blade Air Mobility Inc (NASDAQ:BLDE) is 3.57 million shares and it means that shorts have 7.96 day(s) to cover.

Blade Air Mobility Inc (BLDE) estimates and forecasts

Statistics show that Blade Air Mobility Inc has outperformed its competitors in share price, compared to the industry in which it operates. Blade Air Mobility Inc (BLDE) shares have gone up 2.80% during the last six months, with a year-to-date growth rate more than the industry average at 31.25% against 18.60. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 2.93% this quarter and then jump 8.63% in the quarter after that. In the rating firms’ projections, revenue will increase 9.79% 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 51.97M as predicted by 3 analyst(s). Meanwhile, a consensus of 1 analyst(s) estimates revenue growth to 50.4M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 47.48M and 51.51M respectively. In this case, analysts expect current quarter sales to grow by 9.46% and then drop by -2.15% in the coming quarter.

While earnings are projected to return 56.52% in 2024.

BLDE Dividends

Blade Air Mobility Inc is due to release its next quarterly earnings in December. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

Blade Air Mobility Inc (NASDAQ:BLDE)’s Major holders

Blade Air Mobility Inc insiders own 8.42% of total outstanding shares while institutional holders control 73.95%, with the float percentage being 80.75%. ARK INVESTMENT MANAGEMENT LLC is the largest shareholder of the company, while 170.0 institutions own stock in it. As of 2024-06-30, the company held over 6.44 million shares (or 8.6906% of all shares), a total value of $22.42 million in shares.

The next largest institutional holding, with 4.06 million shares, is of SUMITOMO MITSUI TRUST HOLDINGS, INC.’s that is approximately 5.4765% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $14.13 million.

Also, the Mutual Funds coming in first place with the largest holdings of Blade Air Mobility Inc (BLDE) shares are ARK ETF Tr-ARK Autonomous Technology & Robotics ETF and ARK ETF Tr-ARK Space Exploration & Innovation ETF . Data provided on Oct 31, 2024 indicates that ARK ETF Tr-ARK Autonomous Technology & Robotics ETF owns about 5.25 shares. This amounts to just over 6.71 percent of the company’s overall shares, with a $17.33 million market value. The same data shows that the other fund manager holds slightly less at 2.24, or about 2.86% of the stock, which is worth about $7.38 million.