The stock of BlackLine Inc (BL) has gone up by 2.71% for the week, with a -13.26% drop in the past month and a -1.21% drop in the past quarter. The volatility ratio for the week is 3.63%, and the volatility levels for the past 30 days are 3.36% for BL. The simple moving average for the past 20 days is -1.18% for BL’s stock, with a 2.65% simple moving average for the past 200 days.
Is It Worth Investing in BlackLine Inc (NASDAQ: BL) Right Now?
The price-to-earnings ratio for BlackLine Inc (NASDAQ: BL) is above average at 55.64x, Company’s 36-month beta value is 0.90.Analysts have differing opinions on the stock, with 4 analysts rating it as a “buy,” 2 as “overweight,” 2 as “hold,” and 0 as “sell.”
The public float for BL is 50.49M, and currently, short sellers hold a 7.96% ratio of that floaft. The average trading volume of BL on May 09, 2024 was 1.05M shares.
BL) stock’s latest price update
The stock price of BlackLine Inc (NASDAQ: BL) has dropped by -1.52 compared to previous close of 60.43. Despite this, the company has seen a gain of 2.71% in its stock price over the last five trading days. Seeking Alpha reported 2024-05-07 that BlackLine, Inc. (NASDAQ:BL ) Q1 2024 Earnings Conference Call May 7, 2024 5:00 PM ET Company Participants Matt Humphries – Vice President of Investor Relations Owen Ryan – Co-Chief Executive Officer Therese Tucker – Co-Chief Executive Officers Mark Partin – Chief Financial Officer Conference Call Participants Rob Oliver – Baird Chris Quintero – Morgan Stanley Jaydeep Patel – JPMorgan Adam Hotchkiss – Goldman Sachs Brent Bracelin – Piper Sandler Koji Ikeda – Bank of America George Kurosawa – Citi Pat Walravens – Citizens JMP Ryan Krieger – Wolfe Research Matt VanVliet – BTIG Matt Humphries Good afternoon, and thank you for joining us today. With me on the call are Owen Ryan and Therese Tucker, Co-Chief Executive Officers of BlackLine as well as Mark Partin, Chief Financial Officer.
Analysts’ Opinion of BL
Many brokerage firms have already submitted their reports for BL stocks, with Piper Sandler repeating the rating for BL by listing it as a “Neutral.” The predicted price for BL in the upcoming period, according to Piper Sandler is $62 based on the research report published on April 23, 2024 of the current year 2024.
BL Trading at -4.54% 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 -14.14% of loss for the given period.
Volatility was left at 3.36%, however, over the last 30 days, the volatility rate increased by 3.63%, as shares sank -7.32% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.29% upper at present.
During the last 5 trading sessions, BL rose by +2.71%, which changed the moving average for the period of 200-days by +6.40% in comparison to the 20-day moving average, which settled at $59.98. In addition, BlackLine Inc saw -4.69% 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 BL starting from Woodhams Mark, who sale 2,877 shares at the price of $58.00 back on May 01 ’24. After this action, Woodhams Mark now owns 104,682 shares of BlackLine Inc, valued at $166,866 using the latest closing price.
THOMPSON KEVIN B, the Director of BlackLine Inc, sale 4,500 shares at $57.50 during a trade that took place back on Feb 29 ’24, which means that THOMPSON KEVIN B is holding 11,000 shares at $258,750 based on the most recent closing price.
Stock Fundamentals for BL
Current profitability levels for the company are sitting at:
- 0.06 for the present operating margin
- 0.75 for the gross margin
The net margin for BlackLine Inc stands at 0.12. The total capital return value is set at 0.02. Equity return is now at value 38.14, with 3.76 for asset returns.
Based on BlackLine Inc (BL), the company’s capital structure generated 0.83 points at debt to capital in total, while cash flow to debt ratio is standing at 0.11. The debt to equity ratio resting at 5.04. The interest coverage ratio of the stock is 11.37.
Currently, EBITDA for the company is 46.94 million with net debt to EBITDA at 10.07. When we switch over and look at the enterprise to sales, we see a ratio of 7.79. The receivables turnover for the company is 4.84for trailing twelve months and the total asset turnover is 0.29. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.30.
Conclusion
In a nutshell, BlackLine Inc (BL) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
