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Sunday, December 3, 2023

There’s No Getting Around Blade Air Mobility Inc (NASDAQ: BLDE) Success

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Blade Air Mobility Inc (BLDE) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.03, or 0.91%, to $3.31. The Blade Air Mobility Inc has recorded 4,926 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Blade Air Mobility Reports Financial Results for the Third Quarter Ended September 30, 2023.

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Stocks Info

BLDE belongs to the Industrials sector of the NASDAQ while operating in the Airports & Air Services industry. At the end of the last regular session, the stock closed at $3.28 and fluctuated between $3.3400 as its day high and $3.1100 as its day low. The current market capitalization of Blade Air Mobility Inc is $244.79M. A total of 0.83 million shares were traded on the day, compared to an average of 591.03K shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, BLDE has seen 1 BUY and 1 SELL insider trades, representing the acquisition of 13,516 and the disposition of 10,860 shares. Over the last 12 months, there were 22 BUYs and 32 SELLs from insiders. Insiders purchased 528,758 shares during that period but sold 653,003.

In the most recent transaction, WIESENTHAL ROBERT S sold 37,307 shares of BLDE for 2.40 per share on Oct 06. After the transaction, the Chief Executive Officer now owns 7,360,813 company shares. In a previous transaction on Oct 06, Heyburn William A. sold 14,488 shares at 2.40 per share. BLDE shares that Chief Financial Officer owns now total 1,367,998.

Among the insiders who sold shares, Tomkiel Melissa M. disposed of 13,944 shares on Oct 06 at a per-share price of $2.40. This resulted in the President and General Counsel holding 1,265,355 shares of BLDE after the transaction. In another insider transaction, Cohen Amir sold 2,009 shares at $2.40 per share on Oct 06. Company shares held by the Chief Accounting Officer now total 108,854.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for BLDE in the last 3 months, the mean price target is $7.70 with high estimates of $13.50 and low estimates of $5.00. In terms of 52-week highs and lows, BLDE has a high of $5.09 and a low of $2.06.

As of this writing, BLDE has an earnings estimate of -$0.1 per share for the current quarter. EPS was calculated based on a consensus of 4 estimates, with a high estimate of -$0.01 per share and a lower estimate of -$0.14. The company reported an EPS of -$0.17 in the last quarter, which was -21.40% lower than expectations of -$0.14.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. BLDE’s latest balance sheet shows that the firm has $281.97M in Cash & Short Term Investments as of fiscal 2021. There were $716.00k in debt and $12.78M in liabilities at the time. Its Book Value Per Share was $3.54, while its Total Shareholder’s Equity was $291.37M.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for BLDE is Buy with a score of 5.00.

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