What Recent Market Trends Mean for Blade Air Mobility Inc’s (BLDE) Stock

The stock of Blade Air Mobility Inc (BLDE) has seen a 20.61% increase in the past week, with a -5.67% drop in the past month, and a -10.48% decrease in the past quarter. The volatility ratio for the week is 9.76%, and the volatility levels for the past 30 days are at 9.50% for BLDE. The simple moving average for the last 20 days is 4.17% for BLDE stock, with a simple moving average of -1.05% for the last 200 days.

Is It Worth Investing in Blade Air Mobility Inc (NASDAQ: BLDE) Right Now?

Additionally, the 36-month beta value for BLDE is 1.15. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”

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The public float for BLDE is 45.21M and currently, short sellers hold a 6.64% ratio of that float. The average trading volume of BLDE on April 03, 2024 was 794.72K shares.

BLDE) stock’s latest price update

Blade Air Mobility Inc (NASDAQ: BLDE)’s stock price has plunge by 0.96relation to previous closing price of 3.13. Nevertheless, the company has seen a 20.61% surge in its stock price over the last five trading sessions. InvestorPlace reported 2024-04-01 that In investing, the allure of penny stocks attracts seasoned investors and newcomers alike. Small-cap stocks often trade on mere cents, but they can potentially yield massive returns.

Analysts’ Opinion of BLDE

Many brokerage firms have already submitted their reports for BLDE stocks, with Ladenburg Thalmann repeating the rating for BLDE by listing it as a “Buy.” The predicted price for BLDE in the upcoming period, according to Ladenburg Thalmann is $13 based on the research report published on July 18, 2023 of the previous year 2023.

Ladenburg Thalmann, on the other hand, stated in their research note that they expect to see BLDE reach a price target of $13. The rating they have provided for BLDE stocks is “Buy” according to the report published on July 17th, 2023.

Oppenheimer gave a rating of “Outperform” to BLDE, setting the target price at $14 in the report published on September 28th of the previous year.

BLDE Trading at 2.14% from the 50-Day Moving Average

After a stumble in the market that brought BLDE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -30.40% of loss for the given period.

Volatility was left at 9.50%, however, over the last 30 days, the volatility rate increased by 9.76%, as shares sank -11.48% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.66% upper at present.

During the last 5 trading sessions, BLDE rose by +20.61%, which changed the moving average for the period of 200-days by -21.59% in comparison to the 20-day moving average, which settled at $3.01. In addition, Blade Air Mobility Inc saw -10.48% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at BLDE starting from WIESENTHAL ROBERT S, who sale 66,932 shares at the price of $2.62 back on Mar 14 ’24. After this action, WIESENTHAL ROBERT S now owns 7,174,911 shares of Blade Air Mobility Inc, valued at $175,670 using the latest closing price.

Heyburn William A., the Chief Financial Officer of Blade Air Mobility Inc, sale 26,632 shares at $2.62 during a trade that took place back on Mar 14 ’24, which means that Heyburn William A. is holding 1,355,020 shares at $69,898 based on the most recent closing price.

Stock Fundamentals for BLDE

Current profitability levels for the company are sitting at:

  • -0.24 for the present operating margin
  • 0.18 for the gross margin

The net margin for Blade Air Mobility Inc stands at -0.17. The total capital return value is set at -0.18. Equity return is now at value -22.04, with -18.09 for asset returns.

Based on Blade Air Mobility Inc (BLDE), the company’s capital structure generated 0.08 points at debt to capital in total, while cash flow to debt ratio is standing at -1.32. The debt to equity ratio resting at 0.09. The interest coverage ratio of the stock is 1.87.

Currently, EBITDA for the company is -69.87 million with net debt to EBITDA at 0.25. When we switch over and look at the enterprise to sales, we see a ratio of 1.05. The receivables turnover for the company is 10.26for trailing twelve months and the total asset turnover is 0.68. The liquidity ratio also appears to be rather interesting for investors as it stands at 5.81.

Conclusion

In conclusion, Blade Air Mobility Inc (BLDE) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.

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