Blade Air Mobility Inc (NASDAQ: BLDE) has experienced a rise in its stock price by 4.93 compared to its previous closing price of 4.16. However, the company has seen a gain of 8.85% in its stock price over the last five trading days. seekingalpha.com reported 2024-12-15 that Blade Air Mobility is shifting focus from passenger services to organ transportation, showing strong growth and profitability prospects in the medical segment. The company has achieved its first pretax profit, driven by strategic decisions to divest unprofitable routes and invest in aircraft ownership for medical services. Blade’s medical segment, MediMobility, now represents 59% of revenue, benefiting from industry tailwinds and less competition, ensuring consistent and non-cyclical growth.
Is It Worth Investing in Blade Air Mobility Inc (NASDAQ: BLDE) Right Now?
Company’s 36-month beta value is 1.14.Analysts have differing opinions on the stock, with 3 analysts rating it as a “buy,” 1 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for BLDE is 56.45M, and currently, short sellers hold a 5.36% ratio of that floaft. The average trading volume of BLDE on December 26, 2024 was 898.94K shares.
BLDE’s Market Performance
BLDE’s stock has seen a 8.85% increase for the week, with a 16.71% rise in the past month and a 51.56% gain in the past quarter. The volatility ratio for the week is 8.24%, and the volatility levels for the past 30 days are at 9.99% for Blade Air Mobility Inc The simple moving average for the past 20 days is 1.84% for BLDE’s stock, with a 28.99% simple moving average for the past 200 days.
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 13.02% 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 -15.57% of loss for the given period.
Volatility was left at 9.99%, however, over the last 30 days, the volatility rate increased by 8.24%, as shares surge +8.71% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +24.78% upper at present.
During the last 5 trading sessions, BLDE rose by +7.36%, which changed the moving average for the period of 200-days by +54.86% in comparison to the 20-day moving average, which settled at $4.28. In addition, Blade Air Mobility Inc saw 23.65% 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 BLDE starting from Love Reginald, who sale 5,091 shares at the price of $4.05 back on Dec 13 ’24. After this action, Love Reginald now owns 100,363 shares of Blade Air Mobility Inc, valued at $20,619 using the latest closing price.
Borthwick John, the Director of Blade Air Mobility Inc, sale 78,291 shares at $4.00 during a trade that took place back on Dec 13 ’24, which means that Borthwick John is holding 168,443 shares at $313,250 based on the most recent closing price.
Stock Fundamentals for BLDE
Current profitability levels for the company are sitting at:
- -0.25 for the present operating margin
- 0.23 for the gross margin
The net margin for Blade Air Mobility Inc stands at -0.21. The total capital return value is set at -0.24. Equity return is now at value -20.73, with -17.14 for asset returns.
Currently, EBITDA for the company is -68.12 million with net debt to EBITDA at -0.07. When we switch over and look at the enterprise to sales, we see a ratio of 1.45. The receivables turnover for the company is 9.88for trailing twelve months and the total asset turnover is 0.85. The liquidity ratio also appears to be rather interesting for investors as it stands at 6.32.
Conclusion
In a nutshell, Blade Air Mobility Inc (BLDE) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
