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

3.73

Mkt cap

291M

Volume

734K

High

3.97

P/E Ratio

-5.74

52-wk high

4.25

Low

3.65

Div yield

N/A

52-wk low

2.45

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

Cathie Wood-led Ark Invest made significant trades on June 25, 2024, involving NVIDIA Corp (NVDA) and Roku Inc (ROKU). ARKQ sold $4.3M worth of NVIDIA shares, while ARKK and ARKW bought $5.3M worth of Roku shares. Other trades included sales of Ginkgo Bioworks (DNA) and Zoom (ZM), and purchases of Arcturus Therapeutics (ARCT), 10X Genomics (TXG), PagerDuty (PD), Blade Air Mobility (BLDE), and Markforged (MKFG).

Portfolio Pulse from Benzinga Neuro

June 26, 2024 | 2:27 am

The article highlights the performance of 12 industrial stocks during Tuesday's after-market session. Notable gainers include Volato Group (AMEX:SOAR), 1847 Holdings (AMEX:EFSH), MingZhu Logistics Hldgs (NASDAQ:YGMZ), Aqua Metals (NASDAQ:AQMS), OceanPal (NASDAQ:OP), and Blade Air Mobility (NASDAQ:BLDE). On the losing side, Solidion Technology (NASDAQ:STI), Professional Diversity (NASDAQ:IPDN), Desktop Metal (NYSE:DM), Intelligent Living (NASDAQ:ILAG), Earlyworks Co (NASDAQ:ELWS), and Dragonfly Energy Hldgs (NASDAQ:DFLI) saw declines.

Portfolio Pulse from Benzinga Insights

June 18, 2024 | 8:31 pm

Blade Air Mobility has partnered with Ocean Casino Resort to offer flights for guests from Manhattan to Atlantic City.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 12:34 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.