The stock of Blend Labs Inc (BLND) has seen a 9.88% increase in the past week, with a -19.57% drop in the past month, and a 5.00% flourish in the past quarter. The volatility ratio for the week is 5.58%, and the volatility levels for the past 30 days are at 6.12% for BLND. The simple moving average for the past 20 days is -2.98% for BLND’s stock, with a 9.62% simple moving average for the past 200 days.
Is It Worth Investing in Blend Labs Inc (NYSE: BLND) Right Now?
The 36-month beta value for BLND is at 1.36. Analysts have varying views on the stock, with 3 analysts rating it as a “buy,” 2 rating it as “overweight,” 2 as “hold,” and 0 as “sell.”
The public float for BLND is 208.24M, and currently, shorts hold a 5.32% of that float. The average trading volume for BLND on January 23, 2025 was 3.11M shares.
BLND) stock’s latest price update
Blend Labs Inc (NYSE: BLND) has seen a rise in its stock price by 0.27 in relation to its previous close of 3.77. However, the company has experienced a 9.88% gain in its stock price over the last five trading sessions. zacks.com reported 2025-01-01 that Here is how Blend Labs (BLND) and Itron (ITRI) have performed compared to their sector so far this year.
Analysts’ Opinion of BLND
Many brokerage firms have already submitted their reports for BLND stocks, with JMP Securities repeating the rating for BLND by listing it as a “Mkt Outperform.” The predicted price for BLND in the upcoming period, according to JMP Securities is $7 based on the research report published on December 18, 2024 of the previous year 2024.
Canaccord Genuity, on the other hand, stated in their research note that they expect to see BLND reach a price target of $4.75, previously predicting the price at $3. The rating they have provided for BLND stocks is “Buy” according to the report published on August 12th, 2024.
BLND Trading at -16.34% 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 -31.58% of loss for the given period.
Volatility was left at 6.12%, however, over the last 30 days, the volatility rate increased by 5.58%, as shares sank -14.67% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.07% lower at present.
During the last 5 trading sessions, BLND rose by +9.88%, which changed the moving average for the period of 200-days by +26.00% in comparison to the 20-day moving average, which settled at $3.90. In addition, Blend Labs Inc saw -10.21% 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 BLND starting from Kneafsey Brian, who proposed sale 30,000 shares at the price of $3.59 back on Jan 21 ’25. After this action, Kneafsey Brian now owns shares of Blend Labs Inc, valued at $107,696 using the latest closing price.
Kneafsey Brian, the Head of Revenue of Blend Labs Inc, sale 30,000 shares at $3.41 during a trade that took place back on Jan 14 ’25, which means that Kneafsey Brian is holding 836,759 shares at $102,249 based on the most recent closing price.
Stock Fundamentals for BLND
Current profitability levels for the company are sitting at:
- -0.43 for the present operating margin
- 0.54 for the gross margin
The net margin for Blend Labs Inc stands at -0.52. The total capital return value is set at -0.48. Equity return is now at value -786.76, with -34.01 for asset returns.
Based on Blend Labs Inc (BLND), the company’s capital structure generated 0.06 points at debt to capital in total, while cash flow to debt ratio is standing at -5.53. The debt to equity ratio resting at 0.06. The interest coverage ratio of the stock is -4.9.
Currently, EBITDA for the company is -143.21 million with net debt to EBITDA at 0.93. When we switch over and look at the enterprise to sales, we see a ratio of 5.77. The receivables turnover for the company is 8.22for trailing twelve months and the total asset turnover is 0.84. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.21.
Conclusion
In conclusion, Blend Labs Inc (BLND) has had a mixed performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
