Blade Air Mobility (NASDAQ:BLDE – Get Free Report) released its earnings results on Monday. The company reported ($0.04) EPS for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.07, Zacks reports. Blade Air Mobility had a negative net margin of 21.28% and a negative return on equity of 12.16%.
Blade Air Mobility Stock Down 1.4%
BLDE stock opened at $2.92 on Monday. The firm has a 50 day moving average of $2.82 and a 200 day moving average of $3.53. The stock has a market capitalization of $232.71 million, a PE ratio of -4.23 and a beta of 1.54. Blade Air Mobility has a 52 week low of $2.35 and a 52 week high of $5.17.
Wall Street Analysts Forecast Growth
Separately, Lake Street Capital initiated coverage on shares of Blade Air Mobility in a research note on Wednesday, February 26th. They issued a “buy” rating and a $6.50 target price for the company.
Blade Air Mobility Company Profile
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.
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