At the time of writing, Blade Air Mobility Inc [BLDE] stock is trading at $3.70, down -1.60%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The BLDE shares have gain 6.63% over the last week, with a monthly amount glided 11.11%, 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 $4.24. Blade Air Mobility Inc [NASDAQ: BLDE] shares were valued at $3.70 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 238.38M for trailing twelve months, which represents an 11.41% jump. Gross Profit Margin for this corporation currently stands at 0.2% with Operating Profit Margin at -0.15%, Pretax Profit Margin comes in at -0.09%, and Net Profit Margin reading is -0.09%. To continue investigating profitability, this company’s Return on Assets is posted at -0.04, Equity is -0.05 and Total Capital is -0.07. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.09.
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 3.59 points at the first support level, and at 3.47 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.83, 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 6.04. In addition, the Quick Ratio stands at 6.04 and the Cash Ratio stands at 1.21. Considering the valuation of this stock, the price to sales ratio is 1.21, the price to book ratio is 1.26.
Transactions by insiders
Recent insider trading involved Cohen Amir, Chief Accounting Officer, that happened on Sep 11 ’24 when 4891.0 shares were sold. CEO, Trinity Air Medical, Wunsch Scott M completed a deal on Sep 11 ’24 to sell 7741.0 shares. Meanwhile, Director Love Reginald bought 5091.0 shares on Jun 10 ’24.
