Blend Labs, Inc.’s (NYSE:BLND) 27% Share Price Plunge Could Signal Some Risk
The Blend Labs, Inc. (NYSE:BLND) share price has softened a substantial 27% over the previous 30 days, handing back much of the gains the stock has made lately. Looking at the bigger picture, even after this poor month the stock is up 57% in the last year.
In spite of the heavy fall in price, there still wouldn’t be many who think Blend Labs’ price-to-sales (or “P/S”) ratio of 6.3x is worth a mention when the median P/S in the United States’ Software industry is similar at about 5.4x. However, investors might be overlooking a clear opportunity or potential setback if there is no rational basis for the P/S.
Check out our latest analysis for Blend Labs
