Blend Labs Inc [NYSE: BLND] closed the trading session at $3.52.
The stocks have a year to date performance of -16.39 percent and weekly performance of -0.56 percent. The stock has been moved at -6.13 percent over the last six months. The stock has performed 18.92 percent around the most recent 30 days and changed -18.14 percent over the most recent 3-months.
If compared to the average trading volume of 3.44M shares, BLND reached to a volume of 3976844 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 $5.14 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 0.23, with the Price to Sales ratio for BLND stock in the period of the last 12 months amounting to 5.64.
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 -0.56. With this latest performance, BLND shares gained by 18.92% in over the last four-week period, additionally sinking by -6.13% over the last 6 months – not to mention a rise of 14.66% 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 49.32, with the RSI for the last a single of trading hit 49.94, and the three-weeks RSI is set at 48.39 for Blend Labs Inc [BLND]. The present Moving Average for the last 50 days of trading for this stock 3.63, while it was recorded at 3.49 for the last single week of trading, and 3.68 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 3.44 and a Current Ratio set at 3.44.
Blend Labs Inc [BLND]: Institutional Ownership
There are presently around $67.47%, or 70.51%% 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 5.7409%.
