Blade Air Mobility Inc. (NASDAQ:BLDE) finished Wednesday with a subtraction of -$0.18 to close at $3.82, a downside of -4.50 percent. An average of 816,800 shares of common stock have been traded in the last five days. There was a fall of -$0.15 in the past week, and it reached a new high 2 times over the past 12 months. The last 20 days have seen an average of 762,490 shares traded, while the 50-day average volume stands at 679,468.
BLDE stock has decreased by -6.37% in the last month. The company shares reached their 1-month lowest point of $3.47 on 08/09/23. With the stock rallying to its 52-week high on 02/03/23, shares of the company touched a low of $2.51 and a high of $6.86 in 52 weeks. It has reached a new high 10 times so far this year and achieved 6.70% or $0.24 in price. In spite of this, the price is down -44.31% 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 31 days ago on Jul 10. In this transaction, the insider spent $138,374. Chief Financial Officer, Heyburn William A., disposed of 32,774 shares at a price of $3.88 on Jul 10. The insider now owns more than $127,307 worth of shares. Prior to that, President and General Counsel Tomkiel Melissa M. went on to Sale 27,576 shares at $3.82 each on Jul 07. An amount of $105,390 was transacted.
Valuation Metrics
Blade Air Mobility Inc. (BLDE) stock’s beta is 0.81. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.74, the price-to-book (PB) ratio at 1.02.
Financial Health
The quick ratio of Blade Air Mobility Inc. for the three months ended March 30 was 9.00, and the current ratio was 9.00, 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 March 30. Blade Air Mobility Inc.’s EBITDA margin for the year ending March 30 is -30.64%, while its operating margin for the same period stands at -32.00%. Its gross profit as reported stood at $22.27 million compared to revenue of $146.12 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 -8.10%.
Earnings Surprise
For the three-month period that ended March 30, Blade Air Mobility Inc. had $135.21 million in cash. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$10.19 million in the quarter, while revenues of -$15.42 million were shrunk -8.05%. The analyst consensus anticipated Blade Air Mobility Inc.’s latest quarter earnings to come in at -$0.21 per share, but it turned out to be -$0.14, a 33.30% surprise. For the quarter, EBITDA amounted to -$11.18 million. Shareholders own equity worth $73.17 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 09 August was 44.44%, suggesting the stock is Neutral, with historical volatility in this time frame at 71.49%.
As of today, BLDE’s price is $3.87 -3.90% or -$0.15 from its 5-day moving average. BLDE is currently trading -6.60% lower than its 20-day SMA and +11.05% higher than its 100-day SMA. However, the stock’s current price level is +25.25% above the SMA50 and +0.26% above the SMA200.
The stochastic %K and %D were 30.25% and 21.64%, respectively, and the average true range (ATR) was 0.28. With the 14-day stochastic at 38.98% and the average true range at 0.26, the RSI (14) stands at 47.12%. The stock has reached -0.11 on the 9-day MACD Oscillator while the 14-day reading was at -0.07.
Analyst Ratings
Ladenburg Thalmann launched coverage on Blade Air Mobility Inc. (NASDAQ: BLDE) in its analyst report released on July 18, 2023. The firm assigned the stock a Buy 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 6 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 $5.00 and $13.00, with a median target of $7.00. Taking a look at these predictions, the average price target given by analysts for Blade Air Mobility Inc. (BLDE) stock is $7.83.
