In the last trading session, 1.74 million shares of the Blade Air Mobility Inc (NASDAQ:BLDE) were traded, and its beta was 1.13. Most recently the company’s share price was $4.72, and it changed around $0.33 or 7.52% from the last close, which brings the market valuation of the company to $397.43M. BLDE currently trades at a discount to its 52-week high of $5.17, offering almost -9.53% off that amount. The share price’s 52-week low was $2.45, which indicates that the current value has risen by an impressive 48.09% since then. We note from Blade Air Mobility Inc’s average daily trading volume that its 10-day average is 2.08 million shares, with the 3-month average coming to 766.94K.
Blade Air Mobility Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 4 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 0 recommended BLDE as a Hold, whereas 3 deemed it a Buy, and 0 rated it as Underweight. Blade Air Mobility Inc is expected to report earnings per share of -0.1 for the current quarter.
Blade Air Mobility Inc (NASDAQ:BLDE) trade information
Instantly BLDE has showed a green trend with a performance of 7.52% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 4.89 on recent trading dayincreased the stock’s daily price by 3.48%. The company’s shares are currently up 33.71% year-to-date, but still down -0.42% over the last five days. On the other hand, Blade Air Mobility Inc (NASDAQ:BLDE) is 26.20% up in the 30-day period. We can see from the shorts that 3.4 million shares have been sold at a short interest cover period of 5.81 day(s).
Blade Air Mobility Inc (BLDE) estimates and forecasts
Blade Air Mobility Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 60.54 percent over the past six months and at a 31.25% annual growth rate that is well above the industry average of 16.50%. The year-over-year growth rate is expected to be 9.36%, up from the previous year.
Consensus estimates provided by 3 financial analysts predict the company will bring in an average of 50.38M in revenue for the current quarter. 1 analysts expect Blade Air Mobility Inc to make 50.4M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 47.48M and 51.51M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 6.12%. Forecasts for the next quarter put sales growth at -2.15%.
BLDE Dividends
Blade Air Mobility Inc’s next quarterly earnings report is expected to be released in January.
Blade Air Mobility Inc (NASDAQ:BLDE)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 8.25% of Blade Air Mobility Inc shares, and 73.84% of them are in the hands of institutional investors. The stock currently has a share float of 80.48%. Blade Air Mobility Inc stock is held by 169.0 institutions, with ARK INVESTMENT MANAGEMENT LLC being the largest institutional investor. By 2024-06-30, it held 8.6906% of the shares, which is about 6.44 million shares worth $22.42 million.
SUMITOMO MITSUI TRUST HOLDINGS, INC., with 5.4765% or 4.06 million shares worth $14.13 million as of 2024-06-30, holds the second largest percentage of outstanding shares.