Blade Air Mobility Inc (NASDAQ:BLDE) shares, rose in value, with the stock price up by 15.12% to the previous day’s close as strong demand from buyers drove the stock to $3.73.
Actively observing the price movement in the last trading, the stock closed the session at $3.24. The value of beta (5-year monthly) was -0.21. Referring to stock’s 52-week performance, its high was $4.54, and the low was $2.06. On the whole, BLDE has fluctuated by 4.48% over the past month.
With the market capitalization of Blade Air Mobility Inc currently standing at about $281.35 million, investors are eagerly awaiting this quarter’s results, scheduled for May 09, 2024 – May 13, 2024.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that BLDE’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium term indicators have put the stock in the category of Hold while long term indicators on average have been pointing out that it is a 75% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of BLDE currently trading nearly 24.58% and 19.99% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 64.09, while the 7-day volatility ratio is showing 13.83% which for the 30-day chart, stands at 10.17%. Furthermore, Blade Air Mobility Inc (BLDE)’s beta value is 1.12, and its average true range (ATR) is 0.30.
A comparison of Blade Air Mobility Inc (BLDE) with its peers suggests the former has fared considerably weaker in the market. BLDE showed an intraday change of 15.12% in last session, and over the past year, it grew by 16.56%%.
Data on historical trading for Blade Air Mobility Inc (NASDAQ:BLDE) indicates that the trading volumes over the past 10 days have averaged 0.98 million and over the past 3 months, they’ve averaged 819.49K. According to company’s latest data on outstanding shares, there are 75.13 million shares outstanding.
Nearly 40.06% of Blade Air Mobility Inc’s shares belong to company insiders and institutional investors own 42.17% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 3.0 million shares as on Mar 15, 2024, resulting in a short ratio of 2.76. According to the data, the short interest in Blade Air Mobility Inc (BLDE) stood at 3.98% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 2.48 million. The stock has risen by 5.67% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the BLDE stock heading into the next quarter.
