Blend Labs Inc [NYSE: BLND] plunged by -$0.1 during the normal trading session on while it closed the day at $4.40.
Blend Labs Inc stock has also loss -6.38% of its value over the past 7 days. However, BLND stock has inclined by 9.18% in the 3 months of the year. Over the past six months meanwhile, it has gained 91.30% and gained 72.55% year-on date.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The market cap for BLND stock reached $1.13 billion, with 252.13 million shares outstanding and 208.40 million shares in the current float. Compared to the average trading volume of 2.49M shares, BLND reached a trading volume of 3249994 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Blend Labs Inc [BLND]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BLND shares is $5.45 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BLND stock is a recommendation set at 1.57. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
JMP Securities have made an estimate for Blend Labs Inc shares, keeping their opinion on the stock as Mkt Outperform, with their previous recommendation back on December 18, 2024. While these analysts kept the previous recommendation, Canaccord Genuity raised their target price from $3 to $4.75. The new note on the price target was released on August 12, 2024, representing the official price target for Blend Labs Inc stock. On December 20, 2023, analysts increased their price target for BLND shares from 1.50 to 3.50.
The Average True Range (ATR) for Blend Labs Inc is set at 0.28, with the Price to Sales ratio for BLND stock in the period of the last 12 months amounting to 7.19.
BLND stock trade performance evaluation
Blend Labs Inc [BLND] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -6.38. With this latest performance, BLND shares dropped by -16.67% in over the last four-week period, additionally plugging by 91.30% over the last 6 months – not to mention a rise of 81.07% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for BLND stock in for the last two-week period is set at 39.59, with the RSI for the last a single of trading hit 31.99, and the three-weeks RSI is set at 45.03 for Blend Labs Inc [BLND]. The present Moving Average for the last 50 days of trading for this stock 4.45, while it was recorded at 4.43 for the last single week of trading, and 3.39 for the last 200 days.
Blend Labs Inc [BLND]: An insightful look at the core fundamentals
Blend Labs Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.21 and a Current Ratio set at 3.21.
Earnings per share (EPS) analysis for Blend Labs Inc [BLND] stock
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for BLND. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Blend Labs Inc go to 20.00%.
Blend Labs Inc [BLND]: Institutional Ownership
There are presently around $63.98%, or 66.73%% of BLND stock, in the hands of institutional investors. The top three institutional holders of BLND stocks are: GENERAL ATLANTIC, L.P. with ownership of 19.13 million shares, which is approximately 7.6246%. VANGUARD GROUP INC, holding 14.81 million shares of the stock with an approximate value of $$34.96 million in BLND stocks shares; and VANGUARD GROUP INC, currently with $$34.29 million in BLND stock with ownership which is approximately 5.7898%.
