The Blackstone Group Inc. (NYSE:BX) went up by 4.12% from its latest closing price compared to the recent 1-year high of $103.24. The company’s stock price has collected 4.02% of gains in the last five trading sessions. Press Release reported 15 hours ago that QTS Realty Trust Announces Expiration of “Go-Shop” Period
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 20.23 x from its present earnings ratio. Plus, the 36-month beta value for BX is at 1.33. Opinions of the stock are interesting as 9 analysts out of 14 who provided ratings for The Blackstone Group Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 5 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $101.50, which is -$8.61 below the current price. BX currently public float of 665.64M and currently shorts hold a 3.04% ratio of that float. Today, the average trading volume of BX was 4.16M shares.
BX’s Market Performance
BX stocks went up by 4.02% for the week, with a monthly jump of 7.74% and a quarterly performance of 30.62%, while its annual performance rate touched 84.97%. The volatility ratio for the week stands at 2.47% while the volatility levels for the past 30 days are set at 2.01% for The Blackstone Group Inc.. The simple moving average for the period of the last 20 days is 4.69% for BX stocks with a simple moving average of 41.02% 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 9.60% 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 able to rebound, for now settling with 0.58% of gains for the given period.
Volatility was left at 2.01%, however, over the last 30 days, the volatility rate increased by 2.47%, as shares surge +5.63% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +15.33% upper at present.
During the last 5 trading sessions, BX rose by +4.02%, which changed the moving average for the period of 200-days by +94.06% in comparison to the 20-day moving average, which settled at $99.47. In addition, The Blackstone Group Inc. saw 60.22% 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 Clarus Lifesciences III, L.P., who purchase 150,000 shares at the price of $16.00 back on Jul 20. After this action, Clarus Lifesciences III, L.P. now owns 3,375,037 shares of The Blackstone Group Inc., valued at $2,400,000 using the latest closing price.
Baratta Joseph, the Director of The Blackstone Group Inc., sale 669 shares at $98.93 during a trade that took place back on Jun 25, which means that Baratta Joseph is holding 1,283,592 shares at $66,184 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 58.60, with 14.10 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.