On Monday, Blend Labs Inc (NYSE: BLND) opened higher 5.75% from the last session, before settling in for the closing price of $2.61. Price fluctuations for BLND have ranged from $1.03 to $3.40 over the past 52 weeks.
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Technology Sector giant saw their annual sales surged by 50.17% over the last five years. Company’s average yearly earnings per share was noted 64.24% at the time writing. With a float of $183.56 million, this company’s outstanding shares have now reached $240.26 million.
The firm has a total of 881 workers. Let’s measure their productivity.
Blend Labs Inc (BLND) Insider Activity
A key investor’s attitude towards the stock of the Software – Application industry is another important factor to consider. The insider ownership of Blend Labs Inc is 27.27%, while institutional ownership is 31.11%. The most recent insider transaction that took place on Jul 12 ’24, was worth 16,940. In this transaction HEAD OF FINANCE AND ADMIN. of this company bought 6,666 shares at a rate of $2.54, taking the stock ownership to the 501,377 shares. Before that another transaction happened on Jun 13 ’24, when Company’s HEAD OF FINANCE AND ADMIN. bought 6,265 for $2.66, making the entire transaction worth $16,687. This insider now owns 494,711 shares in total.
Blend Labs Inc (BLND) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around 64.24% per share during the next fiscal year.
Blend Labs Inc (NYSE: BLND) Trading Performance Indicators
Check out the current performance indicators for Blend Labs Inc (BLND). In the past quarter, the stock posted a quick ratio of 3.72. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 4.51.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.57, a number that is poised to hit -0.05 in the next quarter and is forecasted to reach -0.02 in one year’s time.
Technical Analysis of Blend Labs Inc (BLND)
Analysing the last 5-days average volume posted by the [Blend Labs Inc, BLND], we can find that recorded value of 2.45 million was better than the volume posted last year of 2.01 million. As of the previous 9 days, the stock’s Stochastic %D was 25.88%. Additionally, its Average True Range was 0.25.
During the past 100 days, Blend Labs Inc’s (BLND) raw stochastic average was set at 51.32%, which indicates a significant increase from 38.05% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 74.16% in the past 14 days, which was lower than the 83.29% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.69, while its 200-day Moving Average is $2.40. Now, the first resistance to watch is $2.96. This is followed by the second major resistance level at $3.17. The third major resistance level sits at $3.46. If the price goes on to break the first support level at $2.46, it is likely to go to the next support level at $2.17. Should the price break the second support level, the third support level stands at $1.96.
Blend Labs Inc (NYSE: BLND) Key Stats
There are currently 252,378K shares outstanding in the company with a market cap of 696.57 million. Presently, the company’s annual sales total 156,850 K according to its annual income of -178,690 K. Last quarter, the company’s sales amounted to 34,950 K and its income totaled -20,670 K.
