Blade Air Mobility (BLDE) Expected to Announce Earnings on Thursday

Blade Air Mobility (NASDAQ:BLDE) is anticipated to release its earnings data before the market opens on Thursday, March 13th. Analysts expect Blade Air Mobility to post earnings of ($0.12) per share and revenue of $50.79 million for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Blade Air Mobility Trading Up 0.3 %

Shares of NASDAQ:BLDE opened at $2.91 on Wednesday. The company has a market cap of $227.89 million, a price-to-earnings ratio of -4.22 and a beta of 1.22. The company has a 50-day moving average price of $3.79 and a 200-day moving average price of $3.67. Blade Air Mobility has a 12 month low of $2.45 and a 12 month high of $5.17.

Wall Street Analysts Forecast Growth

Separately, Lake Street Capital initiated coverage on shares of Blade Air Mobility in a research report on Wednesday, February 26th. They set a “buy” rating and a $6.50 price target on the stock.

Insider Activity at Blade Air Mobility

In related news, CFO William A. Heyburn sold 103,670 shares of the business’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $5.02, for a total transaction of $520,423.40. Following the transaction, the chief financial officer now owns 1,223,120 shares in the company, valued at $6,140,062.40. The trade was a 7.81 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 17.50% of the stock is owned by corporate insiders.

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.