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

3.45

Mkt cap

247M

Volume

949K

High

3.46

P/E Ratio

-5.18

52-wk high

4.25

Low

3.11

Div yield

N/A

52-wk low

2.45

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

JPMorgan analysts highlight Blade Air Mobility Inc (BLDE), ChargePoint Holdings Inc (CHPT), and Enovix Corp (ENVX) as clean tech stocks with over 40% upside potential. Blade's strong Q1 performance and ChargePoint's market position, along with Enovix's cost reduction efforts, underscore their growth potential in the clean energy sector.

Portfolio Pulse from Surbhi Jain

May 13, 2024 | 7:05 pm

Blade Air Mobility Inc (NASDAQ:BLDE) reported a 13.8% Y/Y increase in Q1 FY24 revenue to $51.5 million, surpassing estimates. Despite a decline in Short Distance revenue due to weather and lower passenger volume, Flight Profit and Medical segment performance improved significantly. The company reduced its net loss and reaffirmed its 2024 revenue outlook, expecting positive adjusted EBITDA. Blade's strategic aircraft acquisitions are already showing cash flow benefits. BLDE is included in ARK Space Exploration & Innovation ETF (BATS:ARKX) and ARK Autonomous Technology & Robotics ETF (BATS:ARKQ).

Portfolio Pulse from Lekha Gupta

May 07, 2024 | 5:07 pm

Blade Air Mobility has reaffirmed its revenue guidance for 2024, projecting revenues to be in the range of $240M-$250M, which is in line with the estimated $246.37M.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 11:07 am

Blade Air Mobility reported Q1 2024 earnings with a GAAP EPS of $(0.06), surpassing the $(0.12) estimate, and sales of $51.514M, exceeding the $49.462M estimate. This represents a 13.79% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 11:04 am

Cathie Wood's Ark Invest purchased $3.3M worth of Tesla (TSLA) shares as the stock declined for the third consecutive session, amid concerns over its quarterly performance and strategic shifts. Ark's ETFs, including ARKK, ARKQ, and ARKW, added Tesla shares, making it the top holding in ARKK. Tesla's stock has been volatile, losing over 10% since Friday. Ark also bought shares of Personalis (PSNL) and Blade Air Mobility (BLDE), while selling DraftKings (DKNG) and Caterpillar (CAT) shares. DraftKings received a Buy rating from Goldman Sachs.

Portfolio Pulse from Shanthi Rexaline

April 17, 2024 | 2:18 am

In Tuesday's pre-market session, 12 industrials stocks showed significant movement. Notably, Laser Photonics (LASE) surged 46.1%, while Caravelle Intl Gr (CACO) dropped 12.3%. Other gainers include Blade Air Mobility (BLDE) and NeoVolta (NEOV), with stocks rising 9.14% and 8.62% respectively. Among the losers, Globavend Holdings (GVH) and Quhuo (QH) saw declines of 8.65% and 8.14%. The movements reflect varying market capitalizations and industry dynamics.

Portfolio Pulse from Benzinga Insights

April 09, 2024 | 12:09 pm

In Friday's intraday session, several industrials stocks experienced significant movements. Grindrod Shipping Holdings led the gainers with a 28.3% increase, while Primech Holdings topped the losers, dropping 15.3%. Other notable movers include Globavend Holdings, Shengfeng Development, and Blade Air Mobility on the gainers' side, and noco-noco, Microvast Holdings, and iPower among the losers. Microvast Holdings' recent Q4 earnings release is highlighted as a potential factor for its stock movement.

Portfolio Pulse from Benzinga Insights

April 05, 2024 | 4:39 pm

In Tuesday's intraday session, notable movements were observed in the industrials stocks sector. VirTra, Urban-gro, and Montrose Environmental Gr were among the top gainers, with significant increases in their stock prices following their Q4 earnings reports. Conversely, Microvast Holdings, Pioneer Power Solutions, and GE Aerospace experienced substantial declines, also influenced by their Q4 earnings outcomes. The fluctuations reflect the market's reaction to the latest financial performance of these companies.

Portfolio Pulse from Benzinga Insights

April 02, 2024 | 4:31 pm

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