The price-to-earnings ratio for Blackstone Secured Lending Fund (NYSE: BXSL) is 8.67x, which is above its average ratio. Moreover, the 36-month beta value for BXSL is 0.50. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for BXSL is 175.74M and currently, short sellers hold a 1.00% of that float. On May 08, 2024, BXSL’s average trading volume was 850.37K shares.
BXSL) stock’s latest price update
The stock price of Blackstone Secured Lending Fund (NYSE: BXSL) has plunged by -1.98 when compared to previous closing price of 32.27, but the company has seen a -1.62% decline in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-05-08 that Blackstone Secured Lending Fund (BXSL) came out with quarterly earnings of $0.87 per share, missing the Zacks Consensus Estimate of $0.92 per share. This compares to earnings of $0.93 per share a year ago.
BXSL’s Market Performance
Blackstone Secured Lending Fund (BXSL) has seen a -1.62% fall in stock performance for the week, with a 2.76% gain in the past month and a 11.69% surge in the past quarter. The volatility ratio for the week is 1.50%, and the volatility levels for the past 30 days are at 1.41% for BXSL. The simple moving average for the last 20 days is 0.26% for BXSL stock, with a simple moving average of 10.33% for the last 200 days.
Analysts’ Opinion of BXSL
JP Morgan gave a rating of “Overweight” to BXSL, setting the target price at $28.50 in the report published on October 23rd of the previous year.
BXSL Trading at 2.29% from the 50-Day Moving Average
After a stumble in the market that brought BXSL to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -3.18% of loss for the given period.
Volatility was left at 1.41%, however, over the last 30 days, the volatility rate increased by 1.50%, as shares surge +2.84% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.87% upper at present.
During the last 5 trading sessions, BXSL fell by -1.41%, which changed the moving average for the period of 200-days by +12.68% in comparison to the 20-day moving average, which settled at $31.59. In addition, Blackstone Secured Lending Fund saw 14.44% 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 BXSL starting from Whitaker Carlos, who purchase 3,895 shares at the price of $25.68 back on May 26 ’23. After this action, Whitaker Carlos now owns 3,895 shares of Blackstone Secured Lending Fund, valued at $100,024 using the latest closing price.
Stock Fundamentals for BXSL
Current profitability levels for the company are sitting at:
- 1.01 for the present operating margin
- 1.22 for the gross margin
The net margin for Blackstone Secured Lending Fund stands at 0.8. The total capital return value is set at 0.08. Equity return is now at value 13.50, with 6.20 for asset returns.
Based on Blackstone Secured Lending Fund (BXSL), the company’s capital structure generated 0.5 points at debt to capital in total, while cash flow to debt ratio is standing at 0.16. The debt to equity ratio resting at 0.99. The interest coverage ratio of the stock is 2.99.
Currently, EBITDA for the company is 863.28 million with net debt to EBITDA at 6.06. When we switch over and look at the enterprise to sales, we see a ratio of 14.11. The receivables turnover for the company is 8.08for trailing twelve months and the total asset turnover is 0.08.
Conclusion
To wrap up, the performance of Blackstone Secured Lending Fund (BXSL) has been better in recent times. The stock has received a mixed 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.
