Here's Why Blade Air Mobility, Inc. (BLDE) is a Great Momentum Stock to Buy

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Analysis: Blade Air Mobility, Inc. (BLDE) - BLDE currently holds a Momentum Style Score of A, indicating strong momentum characteristics [3] - The company has a Zacks Rank of 2 (Buy), suggesting it is positioned for potential outperformance in the market [4] - Over the past week, BLDE shares increased by 3.25%, while the Zacks Technology Services industry remained flat [6] - In a longer timeframe, BLDE's shares have risen by 26.85% over the past quarter and 18.87% over the last year, outperforming the S&P 500's gains of 3.59% and 14.21%, respectively [7] - The average 20-day trading volume for BLDE is 613,644 shares, indicating a bullish sentiment as the stock is rising with above-average volume [8] Earnings Outlook - In the last two months, three earnings estimates for BLDE have been revised upwards, while none have been lowered, improving the consensus estimate from -$0.17 to -$0.10 [10] - For the next fiscal year, two estimates have increased, and one has decreased, reflecting a generally positive outlook [10] Conclusion - Considering the strong momentum indicators and positive earnings revisions, BLDE is recommended as a 2 (Buy) stock with a Momentum Score of A, making it a potential candidate for near-term investment [12]