Blend Labs Inc (NYSE:BLND) price on Wednesday, May 09, fall -2.07% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $2.36.
A look at the stock’s price movement, the close in the last trading session was $2.41. Turning to its 52-week performance, $3.40 and $0.62 were the 52-week high and 52-week low respectively. Overall, BLND moved -19.18% over the past month.
Blend Labs Inc’s market cap currently stands at around $595.50 million.
Analysts have a consensus estimate of 34.54M for the company’s revenue for the quarter, with a low and high estimate of 33.2M and 37.57M respectively. The average forecast suggests down to a -7.50% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 165.28M, representing a 5.40% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that BLND is a 50% Sell. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
BLND’s current price about -3.08% and -13.46% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 43.57, while 7-day volatility ratio is 7.87% and 7.88% in the 30-day chart. Further, Blend Labs Inc (BLND) has a beta value of 1.10, and an average true range (ATR) of 0.21.
If we refocus on Blend Labs Inc (NYSE:BLND), historical trading data shows that trading volumes averaged 1.86 million over the past 3 months. The company’s latest data on shares outstanding shows there are 240.26 million shares.
The 36.54% of Blend Labs Inc’s shares are in the hands of company insiders while institutional holders own 26.02% of the company’s shares. Current price change has pushed the stock -7.45% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the BLND stock continues to rise going into the next quarter.
