Blend Labs Inc [NYSE: BLND] gained 11.14% or 0.37 points to close at $3.69 with a heavy trading volume of 5555772 shares.
The daily chart for BLND points out that the company has recorded 5.43% gains over the past six months.
If we look at the average trading volume of 3.38M shares, BLND reached to a volume of 5555772 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying 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 $5.14 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 0.24, with the Price to Sales ratio for BLND stock in the period of the last 12 months amounting to 5.83.
Trading performance analysis for BLND stock
Blend Labs Inc [BLND] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 18.65. With this latest performance, BLND shares dropped by -7.29% in over the last four-week period, additionally plugging by 5.43% over the last 6 months – not to mention a rise of 19.03% 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 54.93, with the RSI for the last a single of trading hit 62.46, and the three-weeks RSI is set at 51.15 for Blend Labs Inc [BLND]. The present Moving Average for the last 50 days of trading for this stock 3.69, while it was recorded at 3.27 for the last single week of trading, and 3.62 for the last 200 days.
Blend Labs Inc [BLND]: A deeper dive into fundamental analysis
Blend Labs Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.21 and a Current Ratio set at 3.47.
An analysis of Institutional ownership at Blend Labs Inc [BLND]
There are presently around $67.29%, or 70.23%% 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 7.5602%. 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%.
