Momentum Is Strong For Blade Air Mobility Inc (NASDAQ: BLDE)

After Hours

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. Earlier, Yahoo Finance discussed this stock as it revealed Blade Air Mobility Announces $20 Million Share Repurchase Program.

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Stocks Info

This NASDAQ-listed company operates within the Airports & Air Services industry segment, falling under the Industrials sector. The current market capitalization of Blade Air Mobility Inc is $238.36M. A total of 2.36 million shares were traded on the day, compared to an average of 794.72K shares.

In the most recent transaction, WIESENTHAL ROBERT S sold 66,932 shares of BLDE for 2.62 per share on Mar 14 ’24. After the transaction, the Chief Executive Officer now owns 7,174,911 company shares. In a previous transaction on Mar 14 ’24, Heyburn William A. sold 26,632 shares at 2.62 per share. BLDE shares that Chief Financial Officer owns now total 1,355,020.

Among the insiders who sold shares, Tomkiel Melissa M. disposed of 25,634 shares on Mar 14 ’24 at a per-share price of $2.62. This resulted in the President and General Counsel holding 1,230,545 shares of BLDE after the transaction. In another insider transaction, Bacon Seth J sold 1,212 shares at $2.62 per share on Mar 14 ’24. Company shares held by the CEO, Trinity Air Medical now total 342,381.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, BLDE has a high of $4.54 and a low of $2.06.

As of this writing, BLDE has an earnings estimate of -$0.13 per share for the current quarter. EPS was calculated based on a consensus of 4 estimates, with a high estimate of -$0.08 per share and a lower estimate of -$0.18. 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

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. 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 $3.12, while its Total Shareholder’s Equity was $291.37M.

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 BLDE is Buy with a score of 5.00.

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