What Technical Indicators Show About Blade Air Mobility Inc. (BLDE)?

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Blade Air Mobility Inc. (NASDAQ:BLDE) finished Wednesday with an addition of $0.19 to close at $3.37, an upside of 5.97 percent. An average of 831,200 shares of common stock have been traded in the last five days. There was a fall of -$0.38 in the past week, and it reached a new high 7 times over the past 12 months. The last 20 days have seen an average of 471,640 shares traded, while the 50-day average volume stands at 432,422.

BLDE stock has decreased by -27.53% in the last month. The company shares reached their 1-month lowest point of $3.02 on 12/27/22. With the stock rallying to its 52-week high on 04/21/22, shares of the company touched a low of $3.02 and a high of $9.90 in 52 weeks. It has reached a new high 5 times so far this year and lost -61.83% or -$5.46 in price. In spite of this, the price is down -65.96% from the 52-week high.


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Insider Transactions

BLDE stock investors should be aware that Blade Air Mobility Inc. (BLDE) stock had its last reported insider trading activity 15 days ago on Dec 14. In this transaction, the insider spent $36,232. Chief Innovation Officer, Keene Brandon A., disposed of 29,103 shares at a price of $4.79 on Nov 18. The insider now owns more than $139,504 worth of shares. Prior to that, Chief Accounting Officer Cohen Amir went on to Sale 1,659 shares at $3.91 each on Oct 06. An amount of $6,483 was transacted.

Valuation Metrics

Blade Air Mobility Inc. (BLDE) has a trailing price-to-sales (P/S) ratio at 1.92, the price-to-book (PB) ratio at 0.85.

Financial Health

The quick ratio of Blade Air Mobility Inc. for the three months ended September 29 was 11.10, and the current ratio was 11.10, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the quarter ending September 29. Its gross profit as reported stood at $10.8 million compared to revenue of $50.53 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Blade Air Mobility Inc.’s return on assets was -6.40%.

Earnings Surprise

For the three-month period that ended September 29, Blade Air Mobility Inc. had $150.38 million in cash. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$9.25 million in the quarter, while revenues of $8.41 million were shrunk -162.59%. The analyst consensus anticipated Blade Air Mobility Inc.’s latest quarter earnings to come in at -$0.13 per share, but it turned out to be -$0.12, a 7.70% surprise. For the quarter, EBITDA amounted to -$8.99 million. Shareholders own equity worth $71.65 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Blade Air Mobility Inc. (BLDE) price momentum. RSI 9-day as of the close on 28 December was 23.32%, suggesting the stock is oversold, with historical volatility in this time frame at 64.41%.

As of today, BLDE’s price is $3.47 -10.13% or -$0.38 from its 5-day moving average. BLDE is currently trading -28.14% lower than its 20-day SMA and -44.93% lower than its 100-day SMA. However, the stock’s current price level is -12.24% below the SMA50 and -47.34% below the SMA200.

The stochastic %K and %D were 8.79% and 4.94%, respectively, and the average true range (ATR) was 0.27. With the 14-day stochastic at 17.31% and the average true range at 0.26, the RSI (14) stands at 27.01%. The stock has reached -0.34 on the 9-day MACD Oscillator while the 14-day reading was at -0.68.

Analyst Ratings

Oppenheimer launched coverage on Blade Air Mobility Inc. (NASDAQ: BLDE) in its analyst report released on September 28, 2021. The firm assigned the stock an Outperform rating. The consensus rating for Blade Air Mobility Inc. (BLDE) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell BLDE, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 5 others rate it as a “buy”.

What is BLDE’s price target for the next 12 months?

Analysts predict a range of price targets between $6.50 and $11.00, with a median target of $10.00. Taking a look at these predictions, the average price target given by analysts for Blade Air Mobility Inc. (BLDE) stock is $8.90.

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