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Riding the Trend or Protecting Profits | Blend Labs Inc. (BLND)

Blend Labs Inc. (NYSE:BLND) went down by -3.85% from its latest closing price compared to the recent 1-year high of $10.22. The company’s stock price has collected -2.60% of loss in the last five trading sessions.

Is It Worth Investing in Blend Labs Inc. (NYSE :BLND) Right Now?

Opinions of the stock are interesting as 1 analysts out of 10 who provided ratings for Blend Labs Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 9 rated it as “hold,” and 0 as “sell.”

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The average price from analysts is $2.35, which is $0.93 above the current price. BLND currently public float of 210.77M and currently shorts hold a 5.59% ratio of that float. Today, the average trading volume of BLND was 1.77M shares.

BLND’s Market Performance

BLND stocks went down by -2.60% for the week, with a monthly jump of 22.95% and a quarterly performance of -22.68%, while its annual performance rate touched -79.31%. The volatility ratio for the week stands at 12.40% while the volatility levels for the past 30 days are set at 11.17% for Blend Labs Inc. The simple moving average for the period of the last 20 days is 1.39% for BLND stocks with a simple moving average of -44.18% for the last 200 days.

Analysts’ Opinion of BLND

Many brokerage firms have already submitted their reports for BLND stocks, with Keefe Bruyette repeating the rating for BLND by listing it as a “Mkt Perform.” The predicted price for BLND in the upcoming period, according to Keefe Bruyette is $2.25 based on the research report published on November 14th of the previous year 2022.

Keefe Bruyette, on the other hand, stated in their research note that they expect to see BLND reach a price target of $2.75, previously predicting the price at $4. The rating they have provided for BLND stocks is “Underperform” according to the report published on July 25th, 2022.

BLND Trading at -0.29% from the 50-Day Moving Average

After a stumble in the market that brought BLND to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -85.32% of loss for the given period.

Volatility was left at 11.17%, however, over the last 30 days, the volatility rate increased by 12.40%, as shares surge +22.95% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -26.47% lower at present.

During the last 5 trading sessions, BLND fell by -2.60%, which changed the moving average for the period of 200-days by -69.88% in comparison to the 20-day moving average, which settled at $1.4935. In addition, Blend Labs Inc. saw 4.17% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at BLND starting from Sumner Crystal, who sale 45,943 shares at the price of $1.12 back on Dec 27. After this action, Sumner Crystal now owns 455,237 shares of Blend Labs Inc., valued at $51,475 using the latest closing price.

Greenberg Marc S., the Head of Finance of Blend Labs Inc., sale 23,160 shares at $1.22 during a trade that took place back on Dec 20, which means that Greenberg Marc S. is holding 124,164 shares at $28,170 based on the most recent closing price.

Stock Fundamentals for BLND

Current profitability levels for the company are sitting at:

  • -80.49 for the present operating margin
  • +45.99 for the gross margin

The net margin for Blend Labs Inc. stands at -73.07. Equity return is now at value -155.20, with -93.20 for asset returns.

The liquidity ratio also appears to be rather interesting for investors as it stands at 10.14.

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