A new trading day began on Tuesday, with Blend Labs Inc (NYSE: BLND) stock price up 0.34% from the previous day of trading ,before settling in for the closing price of $2.91. BLND’s price has ranged from $0.53 to $3.40 over the past 52 weeks.
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Annual sales at Technology sector company grew by 50.17% over the past five years. Meanwhile, its annual earnings per share averaged 52.76%. With a float of $158.50 million, this company’s outstanding shares have now reached $240.26 million.
Let’s look at the performance matrix of the company that is accounted for 881 employees.
Blend Labs Inc (BLND) Insider and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Software – Application Industry. The insider ownership of Blend Labs Inc is 37.12%, while institutional ownership is 26.00%. The most recent insider transaction that took place on Mar 22 ’24, was worth 244,291. In this transaction HEAD OF BLEND of this company sold 81,700 shares at a rate of $2.99, taking the stock ownership to the 34,774 shares. Before that another transaction happened on Mar 13 ’24, when Company’s HEAD OF FINANCE AND ADMIN. bought 5,555 for $3.00, making the entire transaction worth $16,665. This insider now owns 396,451 shares in total.
Blend Labs Inc (BLND) Latest Financial update
In its latest quarterly report, released on 12/30/2023, the company reported earnings of -$0.09 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.05 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 52.76% per share during the next fiscal year.
Blend Labs Inc (NYSE: BLND) Trading Performance Indicators
Here are Blend Labs Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 5.35. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 4.69.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.76, a number that is poised to hit -0.07 in the next quarter and is forecasted to reach -0.05 in one year’s time.
Technical Analysis of Blend Labs Inc (BLND)
Blend Labs Inc (NYSE: BLND) saw its 5-day average volume 1.04 million, a negative change from its year-to-date volume of 1.77 million. As of the previous 9 days, the stock’s Stochastic %D was 20.34%. Additionally, its Average True Range was 0.25.
During the past 100 days, Blend Labs Inc’s (BLND) raw stochastic average was set at 78.20%, which indicates a significant increase from 15.65% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 51.17% in the past 14 days, which was lower than the 89.75% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.82, while its 200-day Moving Average is $1.81. Nevertheless, the first resistance level for the watch stands at $2.98 in the near term. At $3.05, the stock is likely to face the second major resistance level. The third major resistance level sits at $3.12. If the price goes on to break the first support level at $2.84, it is likely to go to the next support level at $2.77. The third support level lies at $2.70 if the price breaches the second support level.
Blend Labs Inc (NYSE: BLND) Key Stats
With a market capitalization of 735.99 million, the company has a total of 252,048K Shares Outstanding. Currently, annual sales are 156,850 K while annual income is -178,690 K. The company’s previous quarter sales were 36,100 K while its latest quarter income was -30,290 K.
