Blade Air Mobility (NASDAQ:BLDE - Get Free Report) announced its quarterly earnings results on Monday. The company reported ($0.04) earnings per share (EPS) for the quarter, beating 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%. The company had revenue of $54.31 million for the quarter, compared to the consensus estimate of $49.30 million. Blade Air Mobility updated its FY 2025 guidance to EPS.
Blade Air Mobility Stock Performance
NASDAQ BLDE traded down $0.05 on Thursday, hitting $3.41. 298,924 shares of the stock were exchanged, compared to its average volume of 684,916. Blade Air Mobility has a 52-week low of $2.35 and a 52-week high of $5.17. The stock has a fifty day moving average price of $2.84 and a two-hundred day moving average price of $3.53. The firm has a market capitalization of $271.76 million, a P/E ratio of -4.94 and a beta of 1.54.
Wall Street Analysts Forecast Growth
Separately, Lake Street Capital began coverage on Blade Air Mobility in a report on Wednesday, February 26th. They set a "buy" rating and a $6.50 price objective on the stock.
Read Our Latest Stock Report on Blade Air Mobility
About Blade Air Mobility
(
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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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