In Friday’s Wall Street session, Blade Air Mobility Inc (NASDAQ:BLDE) shares traded at $3.38, up 0.60% from the previous session.
BLDE stock price is now 15.53% away from the 50-day moving average and -1.26% away from the 200-day moving average. The market capitalization of the company currently stands at $273.84M.
With the price target of $6.50, Lake Street recently initiated with Buy rating for Blade Air Mobility Inc (NASDAQ: BLDE). On July 18, 2023, Ladenburg Thalmann recently initiated its ‘Buy’ rating on the stock quoting a target price of $13, while ‘Oppenheimer’ rates the stock as ‘Outperform’
In other news, Heyburn William A., Chief Financial Officer sold 103,670 shares of the company’s stock on Jan 06 ’25. The stock was sold for $520,517 at an average price of $5.02. Upon completion of the transaction, the Chief Financial Officer now directly owns 1,223,120 shares in the company, valued at $4.13 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 07 ’25, Chief Financial Officer Heyburn William A. sold 900 shares of the business’s stock. A total of $4,503 was realized by selling the stock at an average price of $5.00. This leaves the insider owning 1,222,220 shares of the company worth $4.13 million. A total of 30.03% of the company’s stock is owned by insiders.
During the past 12 months, Blade Air Mobility Inc has had a low of $2.35 and a high of $5.17. As of last week, the company has a debt-to-equity ratio of 0.04, a current ratio of 6.96, and a quick ratio of 6.96. The fifty day moving average price for BLDE is $2.9257 and a two-hundred day moving average price translates $3.4231 for the stock.
The latest earnings results from Blade Air Mobility Inc (NASDAQ: BLDE) was released for 2021-12-31. The net profit margin was -10.56% and return on equity was -11.64% for BLDE. The company reported revenue of $54.31 million for the quarter, compared to $51.51 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 5.42 percent. For the current quarter, analysts expect BLDE to generate $64.08M in revenue.
