#7 - Blade Air Mobility (BLDE) (NASDAQ:BLDE)
Blade Air Mobility Inc. (NASDAQ: BLDE) is well known for providing alternative forms of air transportation. Specifically, the company is a pioneer in the urban air mobility space. In addition to its reputation as the Uber of helicopters in the United States, the company has expanded into Canada and Europe and conducts medical flights.
The company’s asset-light model is allowing the company to generate revenue that is growing year-over-year. The company is partnering with companies such as Wisk (see Boeing) in transitioning to the eVTOL sector.
Blade isn’t profitable at the moment, but it is cash flow positive. That said, BLDE stock is trading for just $3.55 as of May 6, 2024. For speculative investors willing to take some risk, Blade may represent the biggest hidden gem in the sector.
About Blade Air Mobility
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.
- Current Price
- $3.73
- Consensus Rating
- Buy
- Ratings Breakdown
- 1 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $6.00 (60.9% Upside)
What are the risks of flying car stocks? It comes down to safety and regulation. The safety issue is obvious. The certification process is rigorous for good reasons. And even when a company receives FAA certification, the work isn't over. These companies must continue to meet FAA regulations that will evolve over time.
Flying cars are also a new class of aviation that must be brought into the existing air traffic control system. This process is ongoing, but it's still something for investors to watch.
That being said, your decision to invest in flying car stock will depend on your risk tolerance? Many of these stocks still feature high short interest and are not widely owned by institutions. That can make the price swings volatile in both directions.
Nevertheless, it's a good time to start watching these stocks. And MarketBeat All-Access members can create an unlimited number of watchlists. You'll never miss an important headline, analyst upgrade/downgrade, or SEC filing that affects a stock on these lists.
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