At the time of writing, Blend Labs Inc [BLND] stock is trading at $3.12, down -0.64%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The BLND shares have gain 11.43% over the last week, with a monthly amount glided 33.33%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Blend Labs Inc [NYSE: BLND] stock has seen the most recent analyst activity on December 20, 2023, when Wells Fargo upgraded its rating to a Overweight and also boosted its price target to $3.50 from $1.50. Previously, Keefe Bruyette upgraded its rating to Mkt Perform on November 14, 2022, and kept the price target unchanged to $2.25. On July 25, 2022, downgrade downgraded it’s rating to Underperform and revised its price target to $2.75 on the stock. KeyBanc Capital Markets downgraded its rating to a Sector Weight. Compass Point initiated its recommendation with a Neutral and recommended $4.20 as its price target on May 25, 2022. William Blair downgraded its rating to Mkt Perform for this stock on April 04, 2022. In a note dated April 01, 2022, Wells Fargo downgraded an Equal Weight rating on this stock and revised its target price from $11 to $5.
For the past year, the stock price of Blend Labs Inc fluctuated between $1.03 and $3.40. Currently, Wall Street analysts expect the stock to reach $6.67 within the next 12 months. Blend Labs Inc [NYSE: BLND] shares were valued at $3.12 at the most recent close of the market. An investor can expect a potential return of 113.78% based on the average BLND price forecast.
Analyzing the BLND fundamentals
According to Blend Labs Inc [NYSE:BLND], the company’s sales were 154.46M for trailing twelve months, which represents an -6.40% plunge. Gross Profit Margin for this corporation currently stands at 0.54% with Operating Profit Margin at -0.74%, Pretax Profit Margin comes in at -0.87%, and Net Profit Margin reading is -0.91%. To continue investigating profitability, this company’s Return on Assets is posted at -0.69, Equity is 75.19 and Total Capital is -0.72. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-4.01.
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 3.04 points at the first support level, and at 2.96 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.22, and for the 2nd resistance point, it is at 3.33.
Ratios To Look Out For
It is important to note that Blend Labs Inc [NYSE:BLND] has a current ratio of 3.72. Further, the Quick Ratio stands at 3.72, while the Cash Ratio is 1.99. Considering the valuation of this stock, the price to sales ratio is 5.10.
Transactions by insiders
Recent insider trading involved Jafari Amir, HEAD OF FINANCE AND ADMIN., that happened on Jul 12 ’24 when 6666.0 shares were purchased. HEAD OF FINANCE AND ADMIN., Jafari Amir completed a deal on Jun 13 ’24 to buy 6265.0 shares. Meanwhile, HEAD OF BLEND Ghamsari Nima sold 81434.0 shares on May 30 ’24.
