The stock of Blackstone Inc (NYSE: BX) has increased by 1.42 when compared to last closing price of 104.96. Despite this, the company has experienced a 8.92% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2023-11-20 that Blackstone (BX) is the frontrunner to win the $17-billion portfolio of commercial property loans from the FDIC’s sale of Signature Bank debt.
Is It Worth Investing in Blackstone Inc (NYSE: BX) Right Now?
Blackstone Inc (NYSE: BX) has a price-to-earnings ratio that is above its average at 44.60x. and a 36-month beta value of 1.46. Opinions on the stock are mixed, with 13 analysts rating it as a “buy,” 0 as “overweight,” 9 as “hold,” and 0 as “sell.”
The average price predicted for Blackstone Inc (BX) by analysts is $106.82, which is $0.37 above the current market price. The public float for BX is 704.19M, and at present, short sellers hold a 5.26% of that float. On November 21, 2023, the average trading volume of BX was 6.17M shares.
BX’s Market Performance
The stock of Blackstone Inc (BX) has seen a 8.92% increase in the past week, with a 13.21% rise in the past month, and a 8.78% gain in the past quarter. The volatility ratio for the week is 2.30%, and the volatility levels for the past 30 days are at 2.58% for BX. The simple moving average for the last 20 days is 9.52% for BX stock, with a simple moving average of 12.93% for the last 200 days.
Analysts’ Opinion of BX
Many brokerage firms have already submitted their reports for BX stocks, with HSBC Securities repeating the rating for BX by listing it as a “Hold.” The predicted price for BX in the upcoming period, according to HSBC Securities is $113 based on the research report published on October 06, 2023 of the current year 2023.
BX Trading at 3.33% 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 -8.47% of loss for the given period.
Volatility was left at 2.58%, however, over the last 30 days, the volatility rate increased by 2.30%, as shares surge +14.78% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -6.21% lower at present.
During the last 5 trading sessions, BX rose by +8.92%, which changed the moving average for the period of 200-days by +9.60% in comparison to the 20-day moving average, which settled at $97.96. In addition, Blackstone Inc saw 45.69% 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 BSOF Master Fund L.P., who sale 971,971 shares at the price of $14.06 back on Nov 14. After this action, BSOF Master Fund L.P. now owns 0 shares of Blackstone Inc, valued at $13,668,342 using the latest closing price.
Porat Ruth, the Director of Blackstone Inc, purchase 247 shares at $100.54 during a trade that took place back on Nov 06, which means that Porat Ruth is holding 33,994 shares at $24,866 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 24.42, with 4.39 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 13.66, 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.
To sum up, Blackstone Inc (BX) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others 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.