Streetbeat News

BLDE

Blade Air Mobility, Inc.

https://www.blade.com

Industry

Airlines, Airports & Air Services

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.

Open

4.21

Mkt cap

316M

Volume

1.1M

High

4.25

P/E Ratio

-6.12

52-wk high

5.17

Low

3.95

Div yield

N/A

52-wk low

2.45

Blade Air Mobility is transitioning from passenger services to organ transportation, with its medical segment, MediMobility, now accounting for 59% of revenue. The company has achieved its first pretax profit by divesting unprofitable routes and investing in aircraft for medical services, benefiting from industry tailwinds and less competition.

Portfolio Pulse from

December 15, 2024 | 11:15 am

Blade Air Mobility, Inc. (BLDE) held its Q3 2024 earnings call, discussing financial performance and strategic initiatives. Key participants included executives and analysts from major financial institutions.

Portfolio Pulse from

November 12, 2024 | 5:15 pm

Blade Air Mobility, Inc. (BLDE) reported a Q3 loss of $0.03 per share, which was better than the Zacks Consensus Estimate of a $0.06 loss. This is a decline from break-even earnings per share a year ago.

Portfolio Pulse from

November 12, 2024 | 2:45 pm

Blade Air Mobility has been given a 'Buy' rating due to its unique business model and undervaluation. The company's medical segment, especially organ transportation, is a key growth driver. Blade's strong balance sheet and potential for international expansion, along with restructuring in the passenger segment and a shift to electric aircraft, are expected to enhance margins and growth.

Portfolio Pulse from

November 08, 2024 | 2:30 am

JP Morgan analyst Bill Peterson has maintained an Overweight rating on Blade Air Mobility and raised the price target from $5 to $6.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 12:33 pm

Blade Air Mobility has partnered with Qatar Airways to offer seamless travel for passengers to or from Monaco. This service includes a helicopter flight and limousine service, enhancing the travel experience.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 1:30 pm

Blade Air Mobility shares are trading higher after the company reported better-than-expected Q2 revenue results.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 1:34 pm

Blade Air Mobility (NASDAQ:BLDE) reported Q2 2024 GAAP EPS of $(0.15), missing the $(0.06) estimate, but sales of $67.945M beat the $63.116M estimate. EPS improved from $(0.17) last year, and sales increased by 11.41% from $60.989M.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 8:25 pm

Cathie Wood's Ark Invest sold $3.25M worth of Tesla shares despite a recent rally driven by strong Q2 deliveries. Ark Invest also made trades involving Teladoc Health, Intellia Therapeutics, Verve Therapeutics, Archer Aviation, Ginkgo Bioworks, AeroVironment, and Blade Air Mobility.

Portfolio Pulse from Benzinga Neuro

July 05, 2024 | 2:59 pm

Cathie Wood-led Ark Invest made significant trades, including a $5.16 million purchase of Palantir Technologies Inc (PLTR) shares amid AI sector momentum. Other trades include purchases of Adaptive Biotechnologies Corp (ADPT), Recursion Pharmaceuticals Inc (RXRX), and Blade Air Mobility Inc (BLDE), and a sale of Teladoc Health Inc (TDOC) shares.

Portfolio Pulse from Benzinga Neuro

July 02, 2024 | 2:19 am

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