As of Friday close, Blade Air Mobility Inc.’s (NASDAQ:BLDE) stock was down -$0.06, moving down -1.73 percent to $3.40. The average number of shares traded per day over the past five days has been 655,720 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.38 fall in that time frame. In the last twenty days, the average volume was 635,275, while in the previous 50 days, it was 709,398.
Since last month, BLDE stock retreated -15.63%. Shares of the company fell to $3.36 on 08/18/23, the lowest level in the past month. A 52-week high of $5.93 was reached on 02/03/23 after having rallying from a 52-week low of $2.51. Since the beginning of this year, BLDE’s stock price has dropped by -5.03% or -$0.18, and marked a new high 10 times. However, the stock has declined by -42.66% since its 52-week high.
BLDE stock investors should be aware that Blade Air Mobility Inc. (BLDE) stock had its last reported insider trading activity 40 days ago on Jul 10. Tomkiel Melissa M., the President and General Counsel of the company, disposed of 35,623 shares for $3.88 on Jul 10. It resulted in a $138,374 divestment by the insider. Heyburn William A. sold 32,774 shares at an average price of $3.88 on Jul 10. The insider now owns 1,373,413 shares following the transaction. On Jul 07, President and General Counsel Tomkiel Melissa M. sold 27,576 shares at $3.82 apiece. The transaction was valued at $105,390.
Valuation Metrics
The stock’s beta is 0.85. Besides these, the trailing price-to-sales (P/S) ratio of 1.47, the price-to-book (PB) ratio of 0.96.
Financial Health
In the three months ended June 29, Blade Air Mobility Inc.’s quick ratio stood at 7.10, while its current ratio was 7.10, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 16.90% percent. In the year ended June 29, EBITDA margin amounted to -30.64%, whereas operating margins totaled -33.50%. Based on annual data, BLDE earned $22.27 million in gross profit and brought in $146.12 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 -19.20%. Return on equity (ROE) for the past 12 months was -17.30%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. BLDE’s revenue rose 41.58% to $45.27 million during the quarter, while net income inched up to $60.99 million. While analysts expected Blade Air Mobility Inc. to report -$0.14 quarterly earnings, the actual figure was -$0.17 per share, beating the consensus estimate by -21.40%. During the quarter, the company generated -$10.4 million in EBITDA. The liabilities of Blade Air Mobility Inc. were 59.42 million at the end of its most recent quarter ended June 29, and its total debt was $24.21 million. The value of shareholders’ equity is $74.11 million.
Technical Picture
This quick technical analysis looks at Blade Air Mobility Inc.’s (BLDE) price momentum. With a historical volatility rate of 51.12%, the RSI 9-day stood at 30.94% on 18 August.
With respect to its five-day moving average, the current Blade Air Mobility Inc. price is down by -10.05% percent or -$0.38. At present, BLDE shares trade -13.04% below its 20-day simple moving average and +5.92% percent above its 100-day simple moving average. However, the stock is currently trading approximately -8.60% below its SMA50 and -24.44% below its SMA200.
Stochastic coefficient K was 3.38% and Stochastic coefficient D was 7.33%, while ATR was 0.22. Given the Stochastic reading of 4.00% for the 14-day period, the RSI (14) reading has been calculated as 37.24%. As of today, the MACD Oscillator reading stands at -0.20, while the 14-day reading stands at -0.31.
Analyst Ratings
Ladenburg Thalmann launched its rating on Blade Air Mobility Inc. (NASDAQ: BLDE) to a Buy in a note to investors on July 18, 2023. Blade Air Mobility Inc. (BLDE) has been rated Buy by analysts. According to 0 brokerage firms, BLDE is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Blade Air Mobility Inc. stock as buy, with 6 recommending it as overweight.
With a median target price of $6.50, the current consensus forecast for the stock is $6.00 – $13.50. Based on these forecasts, analysts predict Blade Air Mobility Inc. (BLDE) will achieve an average price target of $7.92.
