The stock of Blend Labs Inc (NYSE: BLND) has decreased by -4.53 when compared to last closing price of 3.75. Despite this, the company has experienced a -8.21% fall in its stock price over the last five trading sessions. zacks.com reported 2024-09-25 that Here is how Blend Labs (BLND) and OneSpan (OSPN) have performed compared to their sector so far this year.
Is It Worth Investing in Blend Labs Inc (NYSE: BLND) Right Now?
Company’s 36-month beta value is 1.16.Analysts have differing opinions on the stock, with 3 analysts rating it as a “buy,” 1 as “overweight,” 2 as “hold,” and 0 as “sell.”
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The public float for BLND is 189.50M, and currently, short sellers hold a 7.35% ratio of that floaft. The average trading volume of BLND on October 02, 2024 was 3.06M shares.
BLND’s Market Performance
BLND stock saw a decrease of -8.21% in the past week, with a monthly decline of -2.45% and a quarterly a decrease of 47.33%. The volatility ratio for the week is 6.28%, and the volatility levels for the last 30 days are 6.78% for Blend Labs Inc (BLND). The simple moving average for the last 20 days is -3.22% for BLND stock, with a simple moving average of 25.34% for the last 200 days.
Analysts’ Opinion of BLND
Many brokerage firms have already submitted their reports for BLND stocks, with Canaccord Genuity repeating the rating for BLND by listing it as a “Buy.” The predicted price for BLND in the upcoming period, according to Canaccord Genuity is $4.75 based on the research report published on August 12, 2024 of the current year 2024.
Wells Fargo gave a rating of “Overweight” to BLND, setting the target price at $3.50 in the report published on December 20th of the previous year.
BLND Trading at 2.56% 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 -15.76% of loss for the given period.
Volatility was left at 6.78%, however, over the last 30 days, the volatility rate increased by 6.28%, as shares surge +2.29% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.48% upper at present.
During the last 5 trading sessions, BLND fell by -8.21%, which changed the moving average for the period of 200-days by +90.43% in comparison to the 20-day moving average, which settled at $3.70. In addition, Blend Labs Inc saw 40.39% 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 Ling Winnie, who sale 10,000 shares at the price of $4.06 back on Sep 26 ’24. After this action, Ling Winnie now owns 279,169 shares of Blend Labs Inc, valued at $40,635 using the latest closing price.
Ling Winnie, the Officer of Blend Labs Inc, proposed sale 10,000 shares at $4.06 during a trade that took place back on Sep 26 ’24, which means that Ling Winnie is holding shares at $40,635 based on the most recent closing price.
Stock Fundamentals for BLND
Current profitability levels for the company are sitting at:
- -0.6 for the present operating margin
- 0.53 for the gross margin
The net margin for Blend Labs Inc stands at -0.79. The total capital return value is set at -0.63. Equity return is now at value -786.76, with -45.06 for asset returns.
Based on Blend Labs Inc (BLND), the company’s capital structure generated 1.49 points at debt to capital in total, while cash flow to debt ratio is standing at -0.41. The debt to equity ratio resting at -3.04. The interest coverage ratio of the stock is -4.11.
Currently, EBITDA for the company is -125.51 million with net debt to EBITDA at -1.34. When we switch over and look at the enterprise to sales, we see a ratio of 6.51. The receivables turnover for the company is 7.36for trailing twelve months and the total asset turnover is 0.82. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.41.
Conclusion
In a nutshell, Blend Labs Inc (BLND) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
