A share price of Blend Labs Inc [BLND] is currently trading at $3.85, down -2.78%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The BLND shares have gain 4.05% over the last week, with a monthly amount drifted -10.47%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Blend Labs Inc [NYSE: BLND] stock has seen the most recent analyst activity on December 18, 2024, when JMP Securities initiated its Mkt Outperform rating and assigned the stock a price target of $7. Previously, Canaccord Genuity upgraded its rating to Buy on August 12, 2024, and elevated its price target to $4.75. On August 09, 2024, upgrade upgraded it’s rating to Outperform. Wells Fargo upgraded its rating to a Overweight and increased its price target to $3.50 on December 20, 2023. Keefe Bruyette upgraded its rating to a Mkt Perform but $2.25 remained the price target by the analyst firm on November 14, 2022. Keefe Bruyette downgraded its rating to Underperform for this stock on July 25, 2022, and downed its price target to $2.75. In a note dated July 07, 2022, KeyBanc Capital Markets downgraded an Sector Weight rating on this stock.
Blend Labs Inc experienced fluctuations in its stock price throughout the past year between $2.08 and $5.53. Currently, Wall Street analysts expect the stock to reach $4.75 within the next 12 months. Blend Labs Inc [NYSE: BLND] shares were valued at $3.85 at the most recent close of the market. An investor can expect a potential return of 23.38% based on the average BLND price forecast.
Analyzing the BLND fundamentals
Trailing Twelve Months sales for Blend Labs Inc [NYSE:BLND] were 156.72M which represents 11.32% growth. Gross Profit Margin for this corporation currently stands at 0.54% with Operating Profit Margin at -0.43%, Pretax Profit Margin comes in at -0.47%, and Net Profit Margin reading is -0.52%. To continue investigating profitability, this company’s Return on Assets is posted at -0.44, Equity is 25.98 and Total Capital is -0.48. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.06.
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 3.75 points at the first support level, and at 3.65 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.96, and for the 2nd resistance point, it is at 4.08.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Blend Labs Inc [NYSE:BLND] is 3.21. Also, the Quick Ratio is 3.21, while the Cash Ratio stands at 1.22. Considering the valuation of this stock, the price to sales ratio is 6.29.
Transactions by insiders
Recent insider trading involved Kneafsey Brian, Head of Revenue, that happened on Jan 28 ’25 when 30000.0 shares were sold. Officer, Kneafsey Brian completed a deal on Jan 28 ’25 to buy 30000.0 shares. Meanwhile, HEAD OF LEGAL AND PEOPLE Ling Winnie sold 10000.0 shares on Jan 23 ’25.
