After Hours
There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Most recently, Yahoo Finance reported about the stock as it publicized that Blend’s Soft Credit Functionality Supports Fannie Mae’s Desktop Underwriter Early Assessment Enhancement.
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Stocks Info
As a NYSE listed company, BLND falls under the Technology sector while operating within the Software – Application industry segment. At the end of the last regular session, the stock closed at $2.41 and fluctuated between $2.4200 as its day high and $2.2300 as its day low. The current market capitalization of Blend Labs Inc is $598.16M. A total of 1.26 million shares were traded on the day, compared to an average of 1.03M shares.
Insider Activity
Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, BLND has seen 2 BUY and 2 SELL insider trades, representing the acquisition of 82,463 and the disposition of 111,608 shares. Over the last 12 months, there were 20 BUYs and 20 SELLs from insiders. Insiders purchased 1,325,895 shares during that period but sold 1,193,315.
In the most recent transaction, Jafari Amir bought 7,002 shares of BLND for 2.43 per share on Jan 12. After the transaction, the Head of Finance and Admin. now owns 75,559 company shares. In a previous transaction on Dec 22, Ghamsari Nima sold 111,608 shares at 2.35 per share. BLND shares that Head of Blend owns now total 0.
Among the insiders who bought shares, Jafari Amir acquired of 8,547 shares on Dec 13 at a per-share price of $2.00. This resulted in the Head of Finance and Admin. holding 68,557 shares of BLND after the transaction. In another insider transaction, Ghamsari Nima sold 249,999 shares at $1.29 per share on Nov 30. Company shares held by the Head of Blend now total 41,755.
In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. In terms of 52-week highs and lows, BLND has a high of $2.75 and a low of $0.53.
As of this writing, BLND has an earnings estimate of -$0.09 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of -$0.08 per share and a lower estimate of -$0.09. The company reported an EPS of -$0.09 in the last quarter, which was 30.80% higher than expectations of -$0.13.
Balance Sheet Annually/Quarterly
The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. BLND’s latest balance sheet shows that the firm has $547.23M in Cash & Short Term Investments as of fiscal 2021. There were $232.31M in debt and $60.03M in liabilities at the time. Its Book Value Per Share was $0.03, while its Total Shareholder’s Equity was $810.59M.
Analysts Opinion
The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside 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 BLND is Buy with a score of 3.67.
