Blend Labs Inc [BLND] stock prices are down -4.35% to $3.74 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The BLND shares have gain 6.86% over the last week, with a monthly amount drifted -6.97%, and not 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 August 12, 2024, when Canaccord Genuity upgraded its rating to a Buy and also boosted its price target to $4.75 from $3. Previously, William Blair upgraded its rating to Outperform on August 09, 2024. On December 20, 2023, upgrade upgraded it’s rating to Overweight and revised its price target to $3.50 on the stock. Keefe Bruyette upgraded its rating to a Mkt Perform but stick to its price target of $2.25 on November 14, 2022. Keefe Bruyette downgraded its rating to a Underperform and reduced its price target to $2.75 on July 25, 2022. KeyBanc Capital Markets downgraded its rating to Sector Weight for this stock on July 07, 2022. In a note dated May 25, 2022, Compass Point initiated an Neutral rating and provided a target price of $4.20 on this stock.
The stock price of Blend Labs Inc [BLND] has been fluctuating between $1.10 and $4.22 over the past year. Currently, Wall Street analysts expect the stock to reach $7.25 within the next 12 months. Blend Labs Inc [NYSE: BLND] shares were valued at $3.74 at the most recent close of the market. An investor can expect a potential return of 93.85% based on the average BLND price forecast.
Analyzing the BLND fundamentals
The Blend Labs Inc [NYSE:BLND] reported sales of 152.12M for trailing twelve months, representing a drop of -5.45%. Gross Profit Margin for this corporation currently stands at 0.53% with Operating Profit Margin at -0.6%, Pretax Profit Margin comes in at -0.74%, and Net Profit Margin reading is -0.79%. To continue investigating profitability, this company’s Return on Assets is posted at -0.65, Equity is 5.13 and Total Capital is -0.63. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-3.04.
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 3.63 points at the first support level, and at 3.52 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.90, and for the 2nd resistance point, it is at 4.07.
Ratios To Look Out For
It’s worth pointing out that Blend Labs Inc [NYSE:BLND]’s Current Ratio is 3.41. As well, the Quick Ratio is 3.41, while the Cash Ratio is 1.09. Considering the valuation of this stock, the price to sales ratio is 6.25.
Transactions by insiders
Recent insider trading involved Ling Winnie, HEAD OF LEGAL AND PEOPLE, that happened on Sep 12 ’24 when 20000.0 shares were sold. Officer, Ling Winnie completed a deal on Sep 12 ’24 to buy 20000.0 shares. Meanwhile, PRINCIPAL ACCOUNTING OFFICER Tkach Oxana sold 23749.0 shares on Aug 30 ’24.
