Blade Air Mobility Inc (NASDAQ:BLDE)’s traded shares stood at 1.7 million during the last session, with the company’s beta value hitting 1.14. At the close of trading, the stock’s price was $4.59, to imply an increase of 7.36% or $0.31 in intraday trading. The BLDE share’s 52-week high remains $5.17, putting it -12.64% down since that peak but still an impressive 46.62% since price per share fell to its 52-week low of $2.45. The company has a valuation of $359.85M, with an average of 1.81 million shares in intraday trading volume over the past 10 days and average of 729.29K shares over the past 3 months.
Blade Air Mobility Inc (NASDAQ:BLDE) trade information
After registering a 7.36% upside in the last session, Blade Air Mobility Inc (BLDE) has traded red over the past five days. The 5-day price performance for the stock is 16.04%, and 27.99% over 30 days. With these gigs, the year-to-date price performance is 30.17%. Short interest in Blade Air Mobility Inc (NASDAQ:BLDE) saw shorts transact 3.4 million shares and set a 5.81 days time to cover.
Blade Air Mobility Inc (BLDE) estimates and forecasts
Looking at statistics comparing Blade Air Mobility Inc share performance against respective industry, we note that the company has outperformed competitors. Blade Air Mobility Inc (BLDE) shares are 52.15% up over the last 6 months, with its year-to-date growth rate higher than industry average at 31.25% against 16.80%. The rating firms project that company’s revenue will grow 9.36% compared to the previous financial year.
Revenue forecast for the current quarter as set by 3 analysts is 50.38M. Meanwhile, for the current quarter, a total of 1 analyst(s) estimate revenue growth to 50.4M.Earnings reports from the last fiscal year show that sales brought in 47.48M and 51.51M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 6.12% before dropping -2.15% in the following quarter.
BLDE Dividends
Blade Air Mobility Inc has its next earnings report out in January. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Blade Air Mobility Inc (NASDAQ:BLDE)’s Major holders
Blade Air Mobility Inc insiders hold 8.28% of total outstanding shares, with institutional holders owning 73.84% of the shares at 80.51% float percentage. In total, 73.84% institutions holds shares in the company, led by ARK INVESTMENT MANAGEMENT LLC. As of 2024-06-30, the company held over 6.44 million shares (or 8.6906% of shares), all amounting to roughly $22.42 million.
The next major institution holding the largest number of shares is SUMITOMO MITSUI TRUST HOLDINGS, INC. with 4.06 million shares, or about 5.4765% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $14.13 million.
