Blackstone Inc (BX) Stock: Analyzing the Market Value

Blackstone Inc (NYSE: BX) has a higher price-to-earnings ratio of 42.04x compared to its average ratio, The 36-month beta value for BX is at 1.52. Analysts have varying views on the stock, with 6 analysts rating it as a “buy,” 6 rating it as “overweight,” 2 as “hold,” and 0 as “sell.”

The public float for BX is 707.17M, and currently, shorts hold a 2.56% of that float. The average trading volume for BX on June 04, 2024 was 3.67M shares.

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BX) stock’s latest price update

Blackstone Inc (NYSE: BX)’s stock price has dropped by -1.07 in relation to previous closing price of 120.50. Nevertheless, the company has seen a loss of -3.58% in its stock price over the last five trading days. seekingalpha.com reported 2024-06-03 that Many investors – including several of my friends – like investing in rental properties. However, I have chosen the path of rental property REITs instead. I share 8 major advantages that rental property REITs enjoy over buying rental properties directly.

BX’s Market Performance

Blackstone Inc (BX) has seen a -3.58% fall in stock performance for the week, with a 0.18% gain in the past month and a -5.50% plunge in the past quarter. The volatility ratio for the week is 3.16%, and the volatility levels for the past 30 days are at 2.86% for BX.. The simple moving average for the past 20 days is -3.26% for BX’s stock, with a 3.09% simple moving average for the past 200 days.

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 -3.89% 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 -10.42% of loss for the given period.

Volatility was left at 2.86%, however, over the last 30 days, the volatility rate increased by 3.16%, as shares surge +1.03% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -9.46% lower at present.

During the last 5 trading sessions, BX fell by -3.58%, which changed the moving average for the period of 200-days by +23.02% in comparison to the 20-day moving average, which settled at $123.29. In addition, Blackstone Inc saw -8.17% 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 16.8. The receivables turnover for the company is 1.86for trailing twelve months and the total asset turnover is 0.23.

Conclusion

In conclusion, Blackstone Inc (BX) 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’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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