#7 - Blade Air Mobility (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, Blade Air has expanded into Canada and Europe, as well as conducting medical flights.
The company’s asset-light model allows it to generate a revenue that is growing year-over-year. Like Boeing, Blade Air is partnering with companies such as Wisk to transition to the eVTOL sector.
Blade Air isn’t profitable at the moment, but it is cash flow positive. That being said, BLDE stock still trades as a penny stock. However, for speculative investors willing to take some risk, Blade may be 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
- $3.85
- Consensus Rating
- Buy
- Ratings Breakdown
- 1 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $6.00 (55.8% Upside)
Flying cars have been one of the more popular investment themes for speculative investors over the last 12 months. What used to be considered an exciting but perhaps impractical mode of transportation got a lift from the electrification movement that popularized drones. Investors have watched flying cars move from concepts on paper to working prototypes that they can see and touch.
The risks to flying car stocks are most notable in safety and regulation. The safety issue is obvious, and the certification process is rigorous for good reasons. Even when a company receives FAA certification, the work isn't over. These companies will have to 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—an ongoing process.
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 stock volatile, with big price swings in both directions.
Nevertheless, if you have an appetite for speculative stocks that have the potential for explosive upside, this is a sector that you'll want to watch closely.
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