Blade Air Mobility (BLDE) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $3.20 to $3.32
• 50-Day Range: $2.85 to $3.83
• 52-Week Range: $2.45 to $4.24
• Volume: 573,028 shs
• Average Volume: 636,451 shs
• Market Capitalization: $250.16 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $6.00
• Consensus Rating: Buy

Blade Air Mobility Stock Analysis - MarketRank™

Blade Air Mobility scored higher than 58% of companies evaluated by MarketBeat, and ranked 155th out of 330 stocks in the business services sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

Consensus Rating

Blade Air Mobility has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Blade Air Mobility has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for Blade Air Mobility are expected to grow in the coming year, from ($0.33) to ($0.20) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Blade Air Mobility is -4.65, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Blade Air Mobility is -4.65, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Blade Air Mobility has a P/B Ratio of 1.07. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

6.67% of the float of Blade Air Mobility has been sold short.

Short Interest Ratio / Days to Cover

Blade Air Mobility has a short interest ratio ("days to cover") of 7.8.

Change versus previous month

Short interest in Blade Air Mobility has recently decreased by 3.25%, indicating that investor sentiment is improving.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Blade Air Mobility does not currently pay a dividend.

Dividend Growth

Blade Air Mobility does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

6.67% of the float of Blade Air Mobility has been sold short.

Short Interest Ratio / Days to Cover

Blade Air Mobility has a short interest ratio ("days to cover") of 7.8.

Change versus previous month

Short interest in Blade Air Mobility has recently decreased by 3.25%, indicating that investor sentiment is improving.

News and Social Media

• Score: 3.2 / 5
• News Sentiment: 0.68

News Sentiment

Blade Air Mobility has a news sentiment score of 0.68. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.54 average news sentiment score of Business Services companies.

News Coverage This Week

MarketBeat has tracked 10 news articles for Blade Air Mobility this week, compared to 2 articles on an average week.

Search Interest

Only 2 people have searched for BLDE on MarketBeat in the last 30 days. This is a decrease of -67% compared to the previous 30 days.

MarketBeat Follows

4 people have added Blade Air Mobility to their MarketBeat watchlist in the last 30 days. This is an increase of 33% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Blade Air Mobility insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $6,949,713.00 in company stock.

Percentage Held by Insiders

17.50% of the stock of Blade Air Mobility is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

47.36% of the stock of Blade Air Mobility is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

BLDE Stock Analysis - Frequently Asked Questions

How have BLDE shares performed this year?

Blade Air Mobility's stock was trading at $3.53 at the beginning of the year. Since then, BLDE stock has decreased by 9.1% and is now trading at $3.21.
View the best growth stocks for 2024 here.

How were Blade Air Mobility's earnings last quarter?

Blade Air Mobility, Inc. (NASDAQ:BLDE) posted its quarterly earnings results on Wednesday, November, 8th. The company reported ($0.10) EPS for the quarter, meeting the consensus estimate of ($0.10). The business had revenue of $71.44 million for the quarter, compared to analysts' expectations of $67.27 million. Blade Air Mobility had a negative net margin of 21.28% and a negative trailing twelve-month return on equity of 12.16%.

Who are Blade Air Mobility's major shareholders?

Top institutional investors of Blade Air Mobility include ARK Investment Management LLC (9.26%), Sumitomo Mitsui Trust Group Inc. (4.82%), Geode Capital Management LLC (1.76%) and State Street Corp (1.64%). Insiders that own company stock include Robert S Wiesenthal, William A Heyburn, Melissa M Tomkiel, Brandon A Keene, Scott M Wunsch, Seth J Bacon, Amir Cohen, Reginald Love, Eric Affeldt and Kenneth B Lerer.
View institutional ownership trends.

How do I buy shares of Blade Air Mobility?

Shares of BLDE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Blade Air Mobility own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Blade Air Mobility investors own include Block (SQ), Digital Turbine (APPS), Palantir Technologies (PLTR), NVIDIA (NVDA), ChargePoint (CHPT), Tesla (TSLA) and Archer Aviation (ACHR).

Company Calendar

• Last Earnings: 11/08/2023
• Today: 11/20/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 3/11/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Business Services
• Industry: Air transportation, nonscheduled
• Sub-Industry: Transportation
• Current Symbol: NASDAQ:BLDE
• CUSIP: N/A
• CIK: 1779128
• Web: ir.blade.com
• Phone: 212-967-1009
• Fax: N/A
• Employees: 130
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $6.00
• High Stock Price Target: $6.00
• Low Stock Price Target: $6.00
• Potential Upside/Downside: +86.9%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($0.69)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-56,080,000.00
• Net Margins: -21.28%
• Pretax Margin: -21.76%
• Return on Equity: -12.16%
• Return on Assets: -9.95%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 6.32
• Quick Ratio: 6.32

Sales & Book Value

• Annual Sales: $241.81 million
• Price / Sales: 1.03
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $3.12 per share
• Price / Book: 1.03

Miscellaneous

• Outstanding Shares: 77,934,000
• Free Float: 63,906,000
• Market Cap: $250.17 million
• Optionable: Optionable
• Beta: 1.05