Bluelinx Hldgs Inc (NYSE: BXC) has a higher price-to-earnings ratio of 19.04x compared to its average ratio, The 36-month beta value for BXC is at 1.97. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for BXC is 8.31M, and currently, shorts hold a 2.47% of that float. The average trading volume for BXC on May 02, 2024 was 71.90K shares.
BXC) stock’s latest price update
The stock of Bluelinx Hldgs Inc (NYSE: BXC) has decreased by -8.28 when compared to last closing price of 109.67.Despite this, the company has seen a loss of -10.44% in its stock price over the last five trading days. Seeking Alpha reported 2024-02-16 that Steven Cress discusses how Seeking Alpha’s Alpha Picks portfolio has achieved a return of 114% compared to the S&P 500’s 32% since its launch in July 2022. Alpha Picks is a quantamental portfolio that selects the 2 best stocks from Seeking Alpha’s Quant Strong Buys on a monthly basis.
BXC’s Market Performance
Bluelinx Hldgs Inc (BXC) has seen a -10.44% fall in stock performance for the week, with a -18.88% decline in the past month and a -12.79% plunge in the past quarter. The volatility ratio for the week is 5.59%, and the volatility levels for the past 30 days are at 3.96% for BXC. The simple moving average for the past 20 days is -14.01% for BXC’s stock, with a 0.99% simple moving average for the past 200 days.
Analysts’ Opinion of BXC
Many brokerage firms have already submitted their reports for BXC stocks, with Seaport Research Partners repeating the rating for BXC by listing it as a “Buy.” The predicted price for BXC in the upcoming period, according to Seaport Research Partners is $100 based on the research report published on July 25, 2022 of the previous year 2022.
DA Davidson, on the other hand, stated in their research note that they expect to see BXC reach a price target of $102. The rating they have provided for BXC stocks is “Buy” according to the report published on December 17th, 2021.
Loop Capital gave a rating of “Buy” to BXC, setting the target price at $75 in the report published on November 04th of the previous year.
BXC Trading at -16.39% from the 50-Day Moving Average
After a stumble in the market that brought BXC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -24.18% of loss for the given period.
Volatility was left at 3.96%, however, over the last 30 days, the volatility rate increased by 5.59%, as shares sank -21.58% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -14.10% lower at present.
During the last 5 trading sessions, BXC fell by -10.44%, which changed the moving average for the period of 200-days by +6.73% in comparison to the 20-day moving average, which settled at $115.59. In addition, Bluelinx Hldgs Inc saw -11.23% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at BXC starting from Lewis Mitchell B, who sale 5,352 shares at the price of $116.33 back on Mar 15 ’24. After this action, Lewis Mitchell B now owns 33,476 shares of Bluelinx Hldgs Inc, valued at $622,598 using the latest closing price.
Lewis Mitchell B, the Director of Bluelinx Hldgs Inc, sale 844 shares at $118.93 during a trade that took place back on Mar 13 ’24, which means that Lewis Mitchell B is holding 0 shares at $100,377 based on the most recent closing price.
Stock Fundamentals for BXC
Current profitability levels for the company are sitting at:
- 0.04 for the present operating margin
- 0.17 for the gross margin
The net margin for Bluelinx Hldgs Inc stands at 0.02. The total capital return value is set at 0.1. Equity return is now at value 7.93, with 3.17 for asset returns.
Based on Bluelinx Hldgs Inc (BXC), the company’s capital structure generated 0.49 points at debt to capital in total, while cash flow to debt ratio is standing at 0.3. The debt to equity ratio resting at 0.95. The interest coverage ratio of the stock is 6.46.
Currently, EBITDA for the company is 168.12 million with net debt to EBITDA at 0.86. When we switch over and look at the enterprise to sales, we see a ratio of 0.33. The liquidity ratio also appears to be rather interesting for investors as it stands at 5.13.
Conclusion
In conclusion, Bluelinx Hldgs Inc (BXC) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
