The Blackstone Group Inc. (NYSE:BX) went down by -1.42% from its latest closing price compared to the recent 1-year high of $76.25. The company’s stock price has collected -5.18% of loss in the last five trading sessions. Press Release reported on 03/23/21 that GeoComply Announces Blackstone Growth and Atairos as its First Institutional Investors
Is It Worth Investing in The Blackstone Group Inc. (NYSE :BX) Right Now?
The Blackstone Group Inc. (NYSE:BX) scored a price-to-earnings ratio above its average ratio, recording 65.89 x from its present earnings ratio. Plus, the 36-month beta value for BX is at 1.30. Opinions of the stock are interesting as 13 analysts out of 19 who provided ratings for The Blackstone Group Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 6 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $75.41, which is $1.95 above the current price. BX currently public float of 659.25M and currently shorts hold a 1.00% ratio of that float. Today, the average trading volume of BX was 2.81M shares.
BX’s Market Performance
BX stocks went down by -5.18% for the week, with a monthly jump of 4.11% and a quarterly performance of 11.95%, while its annual performance rate touched 80.74%. The volatility ratio for the week stands at 2.71% while the volatility levels for the past 30 days are set at 3.19% for The Blackstone Group Inc.. The simple moving average for the period of the last 20 days is 1.23% for BX stocks with a simple moving average of 21.38% for the last 200 days.
Analysts’ Opinion of BX
Piper Sandler, on the other hand, stated in their research note that they expect to see BX reach a price target of $71. The rating they have provided for BX stocks is “Overweight” according to the report published on January 14th, 2021.
Oppenheimer gave a rating of “Outperform” to BX, setting the target price at $58 in the report published on October 29th of the previous year.
BX Trading at 4.41% from the 50-Day Moving Average
After a stumble in the market that brought BX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -5.38% of loss for the given period.
Volatility was left at 3.19%, however, over the last 30 days, the volatility rate increased by 2.71%, as shares surge +3.28% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +15.09% upper at present.
During the last 5 trading sessions, BX fell by -5.18%, which changed the moving average for the period of 200-days by +21.36% in comparison to the 20-day moving average, which settled at $71.39. In addition, The Blackstone Group Inc. saw 11.33% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at BX starting from Blackstone BDC Holdings LLC, who purchase 997,940 shares at the price of $25.00 back on Jan 07. After this action, Blackstone BDC Holdings LLC now owns 1,000,000 shares of The Blackstone Group Inc., valued at $24,948,500 using the latest closing price.
Blackstone Holdings III L.P., the 10% Owner of The Blackstone Group Inc., purchase 42,425 shares at $34.93 during a trade that took place back on Jan 04, which means that Blackstone Holdings III L.P. is holding 2,292,844 shares at $1,481,905 based on the most recent closing price.
Stock Fundamentals for BX
Current profitability levels for the company are sitting at:
- +42.05 for the present operating margin
- +98.16 for the gross margin
The net margin for The Blackstone Group Inc. stands at +16.15. The total capital return value is set at 11.37, while invested capital returns managed to touch 6.65. Equity return is now at value 17.50, with 3.90 for asset returns.
Based on The Blackstone Group Inc. (BX), the company’s capital structure generated 95.34 points at debt to equity in total, while total debt to capital is 48.81. Total debt to assets is 24.14, with long-term debt to equity ratio resting at 92.81. Finally, the long-term debt to capital ratio is 47.51.
When we switch over and look at the enterprise to sales, we see a ratio of 8.87, with the company’s debt to enterprise value settled at 0.11. The receivables turnover for the company is 1.69 and the total asset turnover is 0.22.