Blend Labs Inc (NYSE:BLND) shares traded 2.76% higher at $5.21 on Wall Street last session.
BLND stock price is now 33.56% away from the 50-day moving average and 66.55% away from the 200-day moving average. The market capitalization of the company currently stands at $1.33B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
With the price target enhanced from $3 to $4.75, Canaccord Genuity Upgraded its rating from Hold to Buy for Blend Labs Inc (NYSE: BLND). , while ‘Wells Fargo’ rates the stock as ‘Overweight’
In other news, Ling Winnie, Officer bought 5,000 shares of the company’s stock on Nov 21 ’24. The stock was bought for $25,344 at an average price of $5.07. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 20 ’24, Director Mayopoulos Timothy J bought 42,721 shares of the business’s stock. A total of $213,622 was incurred on buying the stock at an average price of $5.00. A total of 18.69% of the company’s stock is owned by insiders.
During the past 12 months, Blend Labs Inc has had a low of $1.18 and a high of $5.11. The fifty day moving average price for BLND is $3.8646 and a two-hundred day moving average price translates $3.1158 for the stock.
The latest earnings results from Blend Labs Inc (NYSE: BLND) was released for 2024-09-30. The net profit margin was -54.74% and return on equity was -786.76% for BLND. The company reported revenue of $45.18 million for the quarter, compared to $40.59 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 11.32 percent.
