Blade Air Mobility (BLDE) Projected to Post Quarterly Earnings on Thursday

Blade Air Mobility (NASDAQ:BLDE) is expected to be issuing its quarterly earnings data before the market opens on Thursday, March 13th. Analysts expect the company to announce earnings of ($0.12) per share and revenue of $50.79 million for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Blade Air Mobility Stock Up 5.2 %

Shares of NASDAQ BLDE opened at $3.26 on Thursday. Blade Air Mobility has a 52 week low of $2.45 and a 52 week high of $5.17. The firm’s fifty day moving average is $3.90 and its 200 day moving average is $3.67. The company has a market cap of $255.30 million, a price-to-earnings ratio of -4.72 and a beta of 1.14.

Wall Street Analysts Forecast Growth

Separately, Lake Street Capital assumed 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 objective on the stock.

Insider Activity

In other Blade Air Mobility news, General Counsel Melissa M. Tomkiel sold 22,486 shares of the business’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $5.01, for a total value of $112,654.86. Following the completion of the transaction, the general counsel now owns 1,039,140 shares of the company’s stock, valued at approximately $5,206,091.40. The trade was a 2.12 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO William A. Heyburn sold 103,670 shares of the business’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $5.02, for a total value of $520,423.40. Following the completion of the transaction, the chief financial officer now directly owns 1,223,120 shares of the company’s stock, valued at approximately $6,140,062.40. This trade represents a 7.81 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 165,441 shares of company stock worth $830,289. Corporate insiders own 17.50% of the company’s stock.

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.