Blend Labs (NYSE:BLND) Is In A Strong Position To Grow Its Business [Yahoo! Finance]
Blend Labs, Inc. Class A (BLND)
Company Research
Source: Yahoo! Finance
Blend Labs NYSE:BLND ) has seen its share price rise 238% over the last year, delighting many shareholders. But while history lauds those rare successes, those that fail are often forgotten; who remembers Pets.com? Given its strong share price performance, we think it's worthwhile for Blend Labs shareholders to consider whether its cash burn is concerning. For the purposes of this article, cash burn is the annual rate at which an unprofitable company spends cash to fund its growth; its negative free cash flow. First, we'll determine its cash runway by comparing its cash burn with its cash reserves. Does Blend Labs Have A Long Cash Runway? A company's cash runway is calculated by dividing its cash hoard by its cash burn. In June 2024, Blend Labs had US$113m in cash, and was debt-free. Looking at the last year, the company burnt through US$61m. Therefore, from June 2024 it had roughly 22 months of cash runway. Notably, however, analysts think that Blend Labs will break even (at a
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News
- Is Blend Labs (BLND) Outperforming Other Computer and Technology Stocks This Year? [Yahoo! Finance]Yahoo! Finance
- Has Blend Labs (BLND) Outpaced Other Computer and Technology Stocks This Year? [Yahoo! Finance]Yahoo! Finance
- Blend Labs, Inc. (BLND): Evaluating Its Position Among Top Technology Penny Stocks [Yahoo! Finance]Yahoo! Finance
- Blend Labs, Inc. (NYSE: BLND) had its price target raised by analysts at Keefe, Bruyette & Woods from $3.00 to $3.25. They now have a "market perform" rating on the stock.MarketBeat
- Blend Labs, Inc. (NYSE: BLND) was upgraded by analysts at Canaccord Genuity Group Inc. from a "hold" rating to a "buy" rating. They now have a $4.75 price target on the stock, up previously from $3.00.MarketBeat
BLND
Earnings
- 8/8/24 - Beat
BLND
Sec Filings
- 9/27/24 - Form 4
- 9/26/24 - Form 144
- 9/24/24 - Form 4
- BLND's page on the SEC website