Is Blend Labs Inc. (BLND) Stock Cheap Or Risky?


As of Friday close, Blend Labs Inc.’s (NYSE:BLND) stock was down -$0.52, moving down -35.39 percent to $0.95. The average number of shares traded per day over the past five days has been 6,840,940 shares. 3 times new highs have been achieved over the past 5 days, with a -$0.4603 fall in that time frame. In the last twenty days, the average volume was 2,701,655, while in the previous 50 days, it was 1,894,994.

Since last month, BLND stock retreated -51.05%. Shares of the company fell to $0.7605 on 03/17/23, the lowest level in the past month. A 52-week high of $7.38 was reached on 02/06/23 after having rallying from a 52-week low of $1.00. Since the beginning of this year, BLND’s stock price has dropped by -34.05% or -$0.4903, and marked a new high 8 times. However, the stock has declined by -87.13% since its 52-week high.

From Robots to Self-Driving Cars: 5 AI Stocks to Consider for Your Portfolio

The artificial intelligence (AI) revolution is already here and it's about to change everything we know about everything. With the global market for AI projected to grow from $137 billion in 2022 to over $1.81 trillion by 2030, there's never been a better time to invest in this burgeoning industry. That's why we've compiled a list of the Top 5 AI Stocks to Buy for 2023. These companies are at the forefront of the AI revolution, and have the potential to deliver huge returns to investors like you.

Get our free report, "Top 5 AI Stocks to Buy for 2023".


BLND stock investors should be aware that Blend Labs Inc. (BLND) stock had its last reported insider trading activity 45 days ago on Feb 01. Sumner Crystal, the Head of Legal, Compliance,Risk of the company, disposed of 15,180 shares for $1.64 on Feb 01. It resulted in a $24,819 divestment by the insider. Sumner Crystal sold 45,943 shares at an average price of $1.12 on Dec 27. The insider now owns 455,237 shares following the transaction. On Dec 20, Head of Legal, Compliance,Risk Sumner Crystal sold 33,196 shares at $1.22 apiece. The transaction was valued at $40,390.

Financial Health

In the three months ended December 30, Blend Labs Inc.’s quick ratio stood at 10.30, while its current ratio was 10.30, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending December 30 was 1.23, and the total debt-to-equity ratio was 1.23. On the profitability front, the trailing twelve-month gross margin is 40.30% percent. Based on annual data, BLND earned $89.65 million in gross profit and brought in $235.2 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -16.00%. Return on equity (ROE) for the past 12 months was -155.20%.

In Blend Labs Inc.’s quarter-end financial report for December 30, it reported total debt of $216.8 million against cash and short-term investments of $229.95 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. BLND’s revenue rose 384.25% to $55.35 million during the quarter, while net income inched up to $42.79 million. While analysts expected Blend Labs Inc. to report -$0.16 quarterly earnings, the actual figure was -$0.21 per share, beating the consensus estimate by -31.20%. During the quarter, the company generated -$71.61 million in EBITDA. The liabilities of Blend Labs Inc. were 309.59 million at the end of its most recent quarter ended December 30, and its total debt was $232.71 million. The value of shareholders’ equity is $242.85 million.

Technical Picture

This quick technical analysis looks at Blend Labs Inc.’s (BLND) price momentum. With a historical volatility rate of 224.23%, the RSI 9-day stood at 18.58% on 17 March.

With respect to its five-day moving average, the current Blend Labs Inc. price is down by -32.65% percent or -$0.4603. At present, BLND shares trade -50.02% below its 20-day simple moving average and -50.54% percent below its 100-day simple moving average. However, the stock is currently trading approximately -41.38% below its SMA50 and -71.90% below its SMA200.

Stochastic coefficient K was 48.16% and Stochastic coefficient D was 49.37%, while ATR was 0.1868. Given the Stochastic reading of 21.64% for the 14-day period, the RSI (14) reading has been calculated as 24.20%. As of today, the MACD Oscillator reading stands at -0.0801, while the 14-day reading stands at -0.1227.

Analyst Ratings

Keefe Bruyette upgraded its rating on Blend Labs Inc. (NYSE: BLND) to a Mkt perform in a note to investors on November 14, 2022. The analysts firm previously had an Underperform rating on the stock.Blend Labs Inc. (BLND) has been rated Hold by analysts. According to 0 brokerage firms, BLND is a sell, and 9 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Blend Labs Inc. stock as buy, with 1 recommending it as overweight.

With a median target price of $2.00, the current consensus forecast for the stock is $1.40 – $2.50. Based on these forecasts, analysts predict Blend Labs Inc. (BLND) will achieve an average price target of $1.97.


Please enter your comment!
Please enter your name here