At the time of writing, Blade Air Mobility Inc [BLDE] stock is trading at $3.61, up 2.27%. An important factor to consider is whether the stock is rising or falling in short-term value. The BLDE shares have gain 3.74% over the last week, with a monthly amount glided 15.34%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Blade Air Mobility Inc [NASDAQ: BLDE] stock has seen the most recent analyst activity on July 18, 2023, when Ladenburg Thalmann initiated its Buy rating and assigned the stock a price target of $13. Previously, Ladenburg Thalmann started tracking the stock with Buy rating on July 17, 2023, and set its price target to $13. On September 28, 2021, Oppenheimer initiated with a Outperform rating and assigned a price target of $14 on the stock. JP Morgan started tracking the stock assigning a Overweight rating and suggested a price target of $16 on September 09, 2021. Deutsche Bank initiated its recommendation with a Buy and recommended $15 as its price target on September 01, 2021. Credit Suisse started tracking with a Outperform rating for this stock on August 26, 2021, and assigned it a price target of $14. In a note dated June 03, 2021, Citigroup initiated an Buy rating and provided a target price of $16 on this stock.
For the past year, the stock price of Blade Air Mobility Inc fluctuated between $2.06 and $4.51. Blade Air Mobility Inc [NASDAQ: BLDE] shares were valued at $3.61 at the most recent close of the market.
Analyzing the BLDE fundamentals
According to Blade Air Mobility Inc [NASDAQ:BLDE], the company’s sales were 231.42M for trailing twelve months, which represents an 13.79% jump. Gross Profit Margin for this corporation currently stands at 0.19% with Operating Profit Margin at -0.18%, Pretax Profit Margin comes in at -0.13%, and Net Profit Margin reading is -0.12%. To continue investigating profitability, this company’s Return on Assets is posted at -0.07, Equity is -0.08 and Total Capital is -0.11. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.09.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 3.45 points at the first support level, and at 3.29 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.78, and for the 2nd resistance point, it is at 3.95.
Ratios To Look Out For
It is important to note that Blade Air Mobility Inc [NASDAQ:BLDE] has a current ratio of 8.35. On the other hand, the Quick Ratio is 8.35, and the Cash Ratio is 1.21. Considering the valuation of this stock, the price to sales ratio is 1.21, the price to book ratio is 1.18.
Transactions by insiders
Recent insider trading involved Borthwick John, Director, that happened on Jun 10 ’24 when 7743.0 shares were purchased. Director, Love Reginald completed a deal on Jun 10 ’24 to buy 5091.0 shares. Meanwhile, Chief Accounting Officer Cohen Amir sold 11008.0 shares on Jun 10 ’24.
