The Impact of Market Fluctuations on Blackstone Inc’s (BX) Stock

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The stock of Blackstone Inc (BX) has gone down by -3.55% for the week, with a -1.04% drop in the past month and a -4.03% drop in the past quarter. The volatility ratio for the week is 2.61%, and the volatility levels for the past 30 days are 2.89% for BX.. The simple moving average for the past 20 days is -1.50% for BX’s stock, with a 5.22% 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 above average at 42.75x, Company’s 36-month beta value is 1.52.Analysts have differing opinions on the stock, with 6 analysts rating it as a “buy,” 6 as “overweight,” 2 as “hold,” and 0 as “sell.”

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The public float for BX is 707.17M, and currently, short sellers hold a 2.56% ratio of that floaft. The average trading volume of BX on May 29, 2024 was 3.63M shares.

BX) stock’s latest price update

Blackstone Inc (NYSE: BX) has experienced a decline in its stock price by -1.97 compared to its previous closing price of 123.64. However, the company has seen a fall of -3.55% in its stock price over the last five trading days. seekingalpha.com reported 2024-05-27 that Blackstone Mortgage Trust’s shares hit a 1-year low last week as the market’s attitude towards the REIT turned sour amid ongoing loan problems. BXMT’s balance sheet quality deteriorated in the last quarter, particularly in the office loan portfolio. The increase in the CECL reserve led to a decrease in distributable earnings, causing the REIT to underearn its dividend by 47%. A dividend cut now seems likely.

Analysts’ Opinion of BX

Many brokerage firms have already submitted their reports for BX stocks, with UBS repeating the rating for BX by listing it as a “Neutral.” The predicted price for BX in the upcoming period, according to UBS is $135 based on the research report published on April 02, 2024 of the current year 2024.

Citigroup, on the other hand, stated in their research note that they expect to see BX reach a price target of $124, previously predicting the price at $116. The rating they have provided for BX stocks is “Neutral” according to the report published on January 19th, 2024.

BX Trading at -2.61% 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 -8.92% of loss for the given period.

Volatility was left at 2.89%, however, over the last 30 days, the volatility rate increased by 2.61%, as shares surge +0.49% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.01% lower at present.

During the last 5 trading sessions, BX fell by -3.55%, which changed the moving average for the period of 200-days by +20.97% in comparison to the 20-day moving average, which settled at $123.08. In addition, Blackstone Inc saw -6.63% 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 BX starting from Blackstone Inc., who sale 20,125,000 shares at the price of $16.33 back on May 21 ’24. After this action, Blackstone Inc. now owns 77,326 shares of Blackstone Inc, valued at $328,641,250 using the latest closing price.

Porat Ruth, the Director of Blackstone Inc, purchase 219 shares at $119.48 during a trade that took place back on May 06 ’24, which means that Porat Ruth is holding 34,445 shares at $26,192 based on the most recent closing price.

Stock Fundamentals for BX

Current profitability levels for the company are sitting at:

  • 0.54 for the present operating margin
  • 0.99 for the gross margin

The net margin for Blackstone Inc stands at 0.24. The total capital return value is set at 0.14. Equity return is now at value 30.65, with 5.33 for asset returns.

Based on Blackstone Inc (BX), the company’s capital structure generated 0.61 points at debt to capital in total, while cash flow to debt ratio is standing at 0.34. The debt to equity ratio resting at 1.56. The interest coverage ratio of the stock is 11.27.

Currently, EBITDA for the company is 3.48 billion with net debt to EBITDA at 1.78. When we switch over and look at the enterprise to sales, we see a ratio of 17.07. The receivables turnover for the company is 1.86for trailing twelve months and the total asset turnover is 0.23.

Conclusion

In a nutshell, Blackstone Inc (BX) has experienced a bad 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.

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