The stock of Blackstone Inc (BX) has gone up by 2.48% for the week, with a 2.51% rise in the past month and a -1.09% drop in the past quarter. The volatility ratio for the week is 1.28%, and the volatility levels for the past 30 days are 2.31% for BX. The simple moving average for the past 20 days is 3.52% for BX’s stock, with a 18.92% simple moving average for the past 200 days.
Is It Worth Investing in Blackstone Inc (NYSE: BX) Right Now?
The price-to-earnings ratio for Blackstone Inc (NYSE: BX) is 71.37x, which is above its average ratio. Moreover, the 36-month beta value for BX is 1.50. Analysts have varying opinions on the stock, with 6 analysts rating it as a “buy,” 6 as “overweight,” 2 as “hold,” and 0 as “sell.”
The public float for BX is 707.56M and currently, short sellers hold a 3.34% of that float. On April 02, 2024, BX’s average trading volume was 3.79M shares.
BX) stock’s latest price update
The stock of Blackstone Inc (NYSE: BX) has decreased by -0.26 when compared to last closing price of 131.37. Despite this, the company has experienced a 2.48% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-01 that The latest trading day saw Blackstone Inc. (BX) settling at $131.03, representing a -0.26% change from its previous close.
Analysts’ Opinion of BX
Many brokerage firms have already submitted their reports for BX stocks, with Citigroup repeating the rating for BX by listing it as a “Neutral.” The predicted price for BX in the upcoming period, according to Citigroup is $124 based on the research report published on January 19, 2024 of the current year 2024.
TD Cowen gave a rating of “Market Perform” to BX, setting the target price at $118 in the report published on January 04th of the current year.
BX Trading at 4.38% 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 -1.89% of loss for the given period.
Volatility was left at 2.31%, however, over the last 30 days, the volatility rate increased by 1.28%, as shares surge +2.30% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.91% upper at present.
During the last 5 trading sessions, BX rose by +2.48%, which changed the moving average for the period of 200-days by +44.51% in comparison to the 20-day moving average, which settled at $126.72. In addition, Blackstone Inc saw 0.58% 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 BX Buzz ML-1 GP LLC, who sale 2,509,316 shares at the price of $11.10 back on Mar 03 ’24. After this action, BX Buzz ML-1 GP LLC now owns 12,802 shares of Blackstone Inc, valued at $27,845,378 using the latest closing price.
Brown Reginald J, the Director of Blackstone Inc, purchase 2,400 shares at $125.62 during a trade that took place back on Feb 21 ’24, which means that Brown Reginald J is holding 16,949 shares at $301,500 based on the most recent closing price.
Stock Fundamentals for BX
Current profitability levels for the company are sitting at:
- 0.41 for the present operating margin
- 0.98 for the gross margin
The net margin for Blackstone Inc stands at 0.18. The total capital return value is set at 0.08. Equity return is now at value 19.22, with 3.36 for asset returns.
Based on Blackstone Inc (BX), the company’s capital structure generated 0.63 points at debt to capital in total, while cash flow to debt ratio is standing at 0.35. The debt to equity ratio resting at 1.68. The interest coverage ratio of the stock is 7.26.
Currently, EBITDA for the company is 3.48 billion with net debt to EBITDA at 2.66. When we switch over and look at the enterprise to sales, we see a ratio of 21.84. The receivables turnover for the company is 1.65for trailing twelve months and the total asset turnover is 0.19.
Conclusion
To wrap up, the performance of Blackstone Inc (BX) has been better in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
