In the latest trading session, 0.55 million Blade Air Mobility Inc (NASDAQ:BLDE) shares changed hands as the company’s beta touched 1.16. With the company’s most recent per share price at $3.52 changed hands at -$0.09 or -2.49% at last look, the market valuation stands at $275.66M. BLDE’s current price is a discount, trading about -46.88% off its 52-week high of $5.17. The share price had its 52-week low at $2.45, which suggests the last value was 30.4% up since then. When we look at Blade Air Mobility Inc’s average trading volume, we note the 10-day average is 1.11 million shares, with the 3-month average coming to 1.00 million.
Blade Air Mobility Inc (NASDAQ:BLDE) trade information
Instantly BLDE was in red as seen in intraday trades today. With action -28.31%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -17.18%, with the 5-day performance at -28.31% in the red. However, in the 30-day time frame, Blade Air Mobility Inc (NASDAQ:BLDE) is -18.71% down. Looking at the short shares, we see there were 2.67 million shares sold at short interest cover period of 2.29 days.
Blade Air Mobility Inc (BLDE) estimates and forecasts
Data shows that the Blade Air Mobility Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 1.15% over the past 6 months, a 31.25% in annual growth rate that is considerably higher than the industry average of 16.10%. Year-over-year growth is forecast to reach 9.36% up from the last financial year.
Consensus estimates given by 4 financial analysts project the company’s revenue in the current quarter to hit an average of 51.54M. 1 analysts are of the opinion that Blade Air Mobility Inc’s revenue for the current quarter will be 50.4M. The company’s revenue for the corresponding quarters a year ago was 47.48M and 51.51M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 8.55%. The estimates for the next quarter sales put growth at -2.15%.
The 2025 estimates are for Blade Air Mobility Inc earnings to increase by 54.56%.
BLDE Dividends
Blade Air Mobility Inc is expected to release its next quarterly earnings report in February.
Blade Air Mobility Inc (NASDAQ:BLDE)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 8.80% of Blade Air Mobility Inc shares while 74.37% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 81.55%. There are 74.37% institutions holding the Blade Air Mobility Inc stock share, with ARK INVESTMENT MANAGEMENT LLC the top institutional holder. As of 2024-06-30, the company held 8.6906% of the shares, roughly 6.44 million BLDE shares worth $22.42 million.
SUMITOMO MITSUI TRUST HOLDINGS, INC. holds the second largest percentage of outstanding shares, with 5.4765% or 4.06 million shares worth $14.13 million as of 2024-06-30.
Among Mutual Funds, the top two as of Nov 30, 2024 were ARK ETF Tr-ARK Autonomous Technology & Robotics ETF and ARK ETF Tr-ARK Space Exploration & Innovation ETF. With 5.48 shares estimated at $19.18 million under it, the former controlled 7.00% of total outstanding shares. On the other hand, ARK ETF Tr-ARK Space Exploration & Innovation ETF held about 3.05% of the shares, roughly 2.39 shares worth around $8.36 million.
