Blend Labs Inc [NYSE: BLND] stock went on an upward path that rose over 16.44% on Thursday, amounting to a one-week price increase of more than 21.33%.
Over the last 12 months, BLND stock dropped by -17.58%. The one-year Blend Labs Inc stock forecast points to a potential upside of 28.45. The average equity rating for BLND stock is currently 1.57, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $899.86 million, with 256.42 million shares outstanding and 197.29 million shares in the current float. Compared to the average trading volume of 2.26M shares, BLND stock reached a trading volume of 7520116 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $4.85 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.
BLND Stock Performance Analysis:
Blend Labs Inc [BLND] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 21.33. With this latest performance, BLND shares dropped by -4.14% in over the last four-week period, additionally sinking by -11.93% over the last 6 months – not to mention a drop of -17.58% 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 56.14, with the RSI for the last a single of trading hit 0.23, and the three-weeks RSI is set at 0.21 for Blend Labs Inc [BLND]. The present Moving Average for the last 50 days of trading for this stock 3.35, while it was recorded at 3.07 for the last single week of trading, and 3.73 for the last 200 days.
Insight into Blend Labs Inc Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Blend Labs Inc [BLND] shares currently have an operating margin of -14.08% and a Gross Margin at 63.80%. Blend Labs Inc’s Net Margin is presently recorded at -27.93%.
Blend Labs Inc (BLND) Capital Structure & Debt Analysis
Blend Labs Inc (BLND) Efficiency & Liquidity Metrics
Blend Labs Inc (BLND) Efficiency & Liquidity Metrics
From an operational efficiency perspective, Blend Labs Inc. (BLND) effectively leverages its workforce, generating an average of -$74944.44 per employee. The company’s liquidity position is robust, with a Current Ratio of 2.37% and a Quick Ratio of 2.37%, indicating strong ability to cover short-term liabilities.
BLND Stock EPS
With the latest financial reports released by the company, Blend Labs Inc posted 0.01/share EPS, while the average EPS was predicted by analysts to be reported at -0.02/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.03. 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.
Blend Labs Inc [BLND] Institutonal Ownership Details
There are presently around $65.26%, or 71.47%% 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%.
