The price of Blade Air Mobility Inc. (NASDAQ:BLDE) shares last traded on Wall Street fell -12.66% to $3.52.
Based on available information, 2 analysts follow Blade Air Mobility Inc. (NASDAQ:BLDE). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $10.00 and a low of $6.00, we find $8.00. Given the previous closing price of $4.03, this indicates a potential upside of 98.51 percent. BLDE stock price is now -17.82% away from the 50-day moving average and -26.21% away from the 200-day moving average. The market capitalization of the company currently stands at $266.29M.
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Among analysts, 0 rate the stock a hold while 2 rate it a buy. Brokers who have rated the stock have averaged $8.00 as their price target over the next twelve months.
With the price target of $14, Oppenheimer recently initiated with Outperform rating for Blade Air Mobility Inc. (NASDAQ: BLDE). On September 09, 2021, JP Morgan recently initiated its ‘Overweight’ rating on the stock quoting a target price of $16, while ‘Deutsche Bank’ rates the stock as ‘Buy’.
In other news, WIESENTHAL ROBERT S, Chief Executive Officer sold 10,874 shares of the company’s stock on Jan 09. The stock was sold for $37,776 at an average price of $3.47. Upon completion of the transaction, the Chief Executive Officer now directly owns 7,776,393 shares in the company, valued at $27.37 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 09, President and General Counsel Tomkiel Melissa M. sold 5,139 shares of the business’s stock. A total of $17,853 was realized by selling the stock at an average price of $3.47. This leaves the insider owning 1,366,941 shares of the company worth $4.81 million. Insiders disposed of 1,105,799 shares of company stock worth roughly $3.89 million over the past 1 year. A total of 16.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in BLDE stock. A new stake in Blade Air Mobility Inc. shares was purchased by LMR PARTNERS LLP during the first quarter worth $3,009,000. CLEAR SKY ADVISERS, LLC invested $1,267,000 in shares of BLDE during the first quarter. In the first quarter, BOOTHBAY FUND MANAGEMENT, LLC acquired a new stake in Blade Air Mobility Inc. valued at approximately $505,000. ASPEN GROVE CAPITAL, LLC acquired a new stake in BLDE for approximately $440,000. GSA CAPITAL PARTNERS LLP purchased a new stake in BLDE valued at around $187,000 in the second quarter. In total, there are 143 active investors with 72.40% ownership of the company’s stock.
A candlestick chart of Blade Air Mobility Inc. (NASDAQ: BLDE) showed a price of $4.1300 on Tuesday morning. During the past 12 months, Blade Air Mobility Inc. has had a low of $3.02 and a high of $9.90. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 11.10, and a quick ratio of 11.10. The fifty day moving average price for BLDE is $4.2799 and a two-hundred day moving average price translates $4.7521 for the stock.
The latest earnings results from Blade Air Mobility Inc. (NASDAQ: BLDE) was released for Sep, 2022. According to the Airports & Air Services Company, earnings per share came in at -$0.12, beating analysts’ expectations of -$0.13 by 0.01. This compares to -$0.13 EPS in the same period last year. The net profit margin was -16.40% and return on equity was -7.30% for BLDE. The company reported revenue of $45.72 million for the quarter, compared to $20.32 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 125.05 percent. For the current quarter, analysts expect BLDE to generate $35.96M in revenue.
Blade Air Mobility Inc.(BLDE) Company Profile
Blade Air Mobility, Inc. provides air transportation alternatives to the congested ground routes in the United States. It provides its services through charter and by-the-seat flights using helicopters, jets, turboprops, and amphibious seaplanes. The company was founded in 2014 and is headquartered in New York, New York.
