BlackLine Inc (NASDAQ: BL) has experienced a decline in its stock price by -2.13 compared to its previous closing price of 63.92. However, the company has seen a fall of -1.68% in its stock price over the last five trading days. InvestorPlace reported 2024-03-31 that Underestimated stocks present a tricky narrative. On one hand, it’s always possible to find hidden gems that the Wall Street suits ignored.
Is It Worth Investing in BlackLine Inc (NASDAQ: BL) Right Now?
BlackLine Inc (NASDAQ: BL) has a higher price-to-earnings ratio of 89.37x compared to its average ratio, The 36-month beta value for BL is at 0.85. Analysts have varying views on the stock, with 4 analysts rating it as a “buy,” 2 rating it as “overweight,” 2 as “hold,” and 0 as “sell.”
The public float for BL is 50.19M, and currently, shorts hold a 7.65% of that float. The average trading volume for BL on April 05, 2024 was 961.23K shares.
BL’s Market Performance
BL stock saw a decrease of -1.68% in the past week, with a monthly decline of -0.03% and a quarterly a decrease of 11.02%. The volatility ratio for the week is 3.32%, and the volatility levels for the last 30 days are 2.86% for BlackLine Inc (BL). The simple moving average for the past 20 days is -3.54% for BL’s stock, with a 9.32% simple moving average for the past 200 days.
Analysts’ Opinion of BL
Piper Sandler gave a rating of “Underweight” to BL, setting the target price at $60 in the report published on January 02nd of the current year.
BL Trading at 1.57% from the 50-Day Moving Average
After a stumble in the market that brought BL to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -9.74% of loss for the given period.
Volatility was left at 2.86%, however, over the last 30 days, the volatility rate increased by 3.32%, as shares sank -4.90% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.01% upper at present.
During the last 5 trading sessions, BL fell by -1.68%, which changed the moving average for the period of 200-days by +16.98% in comparison to the 20-day moving average, which settled at $64.70. In addition, BlackLine Inc saw 0.19% 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 BL starting from THOMPSON KEVIN B, who sale 4,500 shares at the price of $57.50 back on Feb 29 ’24. After this action, THOMPSON KEVIN B now owns 11,000 shares of BlackLine Inc, valued at $258,750 using the latest closing price.
Woodhams Mark, the CHIEF REVENUE OFFICER of BlackLine Inc, sale 3,208 shares at $56.15 during a trade that took place back on Feb 21 ’24, which means that Woodhams Mark is holding 77,901 shares at $180,129 based on the most recent closing price.
Stock Fundamentals for BL
Current profitability levels for the company are sitting at:
- 0.05 for the present operating margin
- 0.75 for the gross margin
The net margin for BlackLine Inc stands at 0.1. The total capital return value is set at 0.02. Equity return is now at value 28.35, with 2.61 for asset returns.
Based on BlackLine Inc (BL), the company’s capital structure generated 0.84 points at debt to capital in total, while cash flow to debt ratio is standing at 0.09. The debt to equity ratio resting at 5.35. The interest coverage ratio of the stock is 4.82.
Currently, EBITDA for the company is 46.94 million with net debt to EBITDA at 10.0. When we switch over and look at the enterprise to sales, we see a ratio of 8.45. The receivables turnover for the company is 3.44for trailing twelve months and the total asset turnover is 0.28. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.19.
Conclusion
In conclusion, BlackLine Inc (BL) has had a mixed performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
