A significant driver of top-line growth: Blend Labs Inc (BLND)

With 2.31 million shares changed hands, the volume of the stock remained lighter than its average volume of 3.53 million shares. The 52-week range on BLND shows that it touched its highest point at $5.53 and its lowest point at $2.08 during that stretch. It currently has a 1-year price target of $4.92. Beta for the stock currently stands at 1.30.

Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of BLND was up-trending over the past week, with a rise of 11.01%, but this was up by 18.24% over a month. Three-month performance dropped to -7.63% while six-month performance fell -18.24%. The stock gained 30.58% in the past year, while it has lost -13.78% so far this year. A look at the trailing 12-month EPS for BLND yields -0.21 with Next year EPS estimates of 0.12. For the next quarter, that number is 0.02. This implies an EPS growth rate of 131.95% for this year and 200.67% for next year.

Float and Shares Shorts:

At present, 255.08 million BLND shares are outstanding with a float of 204.19 million shares on hand for trading.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for BLND since 3 analysts follow the stock currently. There are 2 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$0.05516296 being high and -$0.07797714 being low. For BLND, this leads to a yearly average estimate of -$0.068152.