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Although penny stocks are known for their high volatility, some in this category are supported by strong fundamentals that could drive significant future growth. One such stock is American aviation company Blade Air Mobility (NASDAQ: BLDE), which may be an overlooked opportunity for investors. The company’s business model, providing transportation for passenger travelers over short distances, could see more growth, especially with the increasing need for efficient urban mobility. Blade operates two segments: Passenger and Medical. The Passenger segment offers short-distance (helicopter and seaplane travel under 100 miles) and jet services across the U.S., Canada, and Europe. At the end of the last trading session, BLDE was valued at $3.75, ending the day up 4.75%. These short-term gains are crucial in turning things around, considering the equity has had a rough start to 2025, down almost 12% year to date. Nevertheless, BLDE’s share price has been green over the past year, gaining over 11%. BLDE one-year stock price chart. Source: Google Finance BLDE’s growth potential  With BLDE recovering after years of prolonged losses, the company exhibits potential through several catalysts, such as strong revenue growth. In the third quarter of 2024, Blade posted $74.9 million in revenue, a 4.8% increase from the previous quarter. Despite the growth, the company reported a net loss of $1.95 million, a drop from the $267,000 profit in Q3 2023. Earnings per share (EPS) came in at a $0.025 loss, down from a $0.004 profit last year. Interestingly, EPS outperformed analyst expectations by 38%, and Blade’s projected 7.9% annual revenue growth over the next three years outpaces the 7.6% industry average. While profitability remains challenging, the revenue momentum suggests resilience, a positive indicator for investors. Another potential growth driver is the firm’s expansion into new markets and Electric Vertical Aircraft (EVAs). Notably, with 84% of…

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Filed under: News - @ February 16, 2025 6:23 pm