Blackstone Inc. (NYSE: BX)’s stock price has increased by 0.96 compared to its previous closing price of 112.71. However, the company has seen a 0.99% increase in its stock price over the last five trading sessions. Zacks Investment Research reported 2023-09-14 that Blackstone (BX) integrates its credit, asset-based finance and insurance groups into a single unit called Blackstone Credit & Insurance.
Is It Worth Investing in Blackstone Inc. (NYSE: BX) Right Now?
Blackstone Inc. (NYSE: BX) has a price-to-earnings ratio of 68.47x that is above its average ratio. Additionally, the 36-month beta value for BX is 1.48. There are mixed opinions on the stock, with 13 analysts rating it as a “buy,” 1 rating it as “overweight,” 6 rating it as “hold,” and 0 rating it as “sell.”
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The average price predicted by analysts for BX is $111.89, which is -$0.85 below the current price. The public float for BX is 704.07M and currently, short sellers hold a 2.54% ratio of that float. The average trading volume of BX on September 18, 2023 was 4.22M shares.
BX’s Market Performance
BX stock saw an increase of 0.99% in the past week, with a monthly gain of 17.43% and a quarterly increase of 23.30%. The volatility ratio for the week is 1.71%, and the volatility levels for the last 30 days are 2.15% for Blackstone Inc. (BX). The simple moving average for the last 20 days is 8.29% for BX stock, with a simple moving average of 26.31% for the last 200 days.
Analysts’ Opinion of BX
Many brokerage firms have already submitted their reports for BX stocks, with JP Morgan repeating the rating for BX by listing it as a “Neutral.” The predicted price for BX in the upcoming period, according to JP Morgan is $111 based on the research report published on July 21, 2023 of the current year 2023.
BX Trading at 10.51% 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 -1.02% of loss for the given period.
Volatility was left at 2.15%, however, over the last 30 days, the volatility rate increased by 1.71%, as shares surge +17.55% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +23.66% upper at present.
During the last 5 trading sessions, BX rose by +0.99%, which changed the moving average for the period of 200-days by +29.16% in comparison to the 20-day moving average, which settled at $105.93. In addition, Blackstone Inc. saw 53.97% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at BX starting from Parrett William G, who sale 3,874 shares at the price of $112.47 back on Sep 08. After this action, Parrett William G now owns 30,941 shares of Blackstone Inc., valued at $435,709 using the latest closing price.
Blackstone Holdings I/II GP L., the 10% Owner of Blackstone Inc., sale 14,704,603 shares at $7.98 during a trade that took place back on Aug 22, which means that Blackstone Holdings I/II GP L. is holding 43,602 shares at $117,342,732 based on the most recent closing price.
Stock Fundamentals for BX
Current profitability levels for the company are sitting at:
- +27.15 for the present operating margin
- +98.77 for the gross margin
The net margin for Blackstone Inc. stands at +12.84. The total capital return value is set at 11.63, while invested capital returns managed to touch 9.00. Equity return is now at value 16.90, with 3.00 for asset returns.
Based on Blackstone Inc. (BX), the company’s capital structure generated 175.82 points at debt to equity in total, while total debt to capital is 63.75. Total debt to assets is 31.65, with long-term debt to equity ratio resting at 172.79. Finally, the long-term debt to capital ratio is 62.65.
When we switch over and look at the enterprise to sales, we see a ratio of 14.25, with the company’s debt to enterprise value settled at 0.18. The receivables turnover for the company is 2.75 and the total asset turnover is 0.33.
Conclusion
In conclusion, Blackstone Inc. (BX) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
