BlackLine Inc (NASDAQ: BL)’s stock price has decreased by -1.76 compared to its previous closing price of 47.93. However, the company has seen a -1.68% decrease in its stock price over the last five trading sessions. zacks.com reported 2024-07-11 that Investors interested in stocks from the Internet – Software sector have probably already heard of Nice (NICE) and BlackLine (BL). But which of these two companies is the best option for those looking for undervalued stocks?
Is It Worth Investing in BlackLine Inc (NASDAQ: BL) Right Now?
BlackLine Inc (NASDAQ: BL) has a price-to-earnings ratio that is above its average at 44.92x. The stock has a 36-month beta value of 0.85. Opinions on the stock are mixed, with 4 analysts rating it as a “buy,” 2 as “overweight,” 2 as “hold,” and 0 as “sell.”
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The public float for BL is 50.64M, and at present, short sellers hold a 9.16% of that float. On July 18, 2024, the average trading volume of BL was 1.05M shares.
BL’s Market Performance
The stock of BlackLine Inc (BL) has seen a -1.68% decrease in the past week, with a 3.78% rise in the past month, and a -19.75% fall in the past quarter. The volatility ratio for the week is 2.02%, and the volatility levels for the past 30 days are at 2.68% for BL. The simple moving average for the past 20 days is -0.78% for BL’s stock, with a -17.07% simple moving average for the past 200 days.
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 -6.00% 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 -32.07% of loss for the given period.
Volatility was left at 2.68%, however, over the last 30 days, the volatility rate increased by 2.02%, as shares surge +7.10% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -22.27% lower at present.
During the last 5 trading sessions, BL fell by -1.46%, which changed the moving average for the period of 200-days by -14.93% in comparison to the 20-day moving average, which settled at $47.61. In addition, BlackLine Inc saw -24.59% 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 Ryan Owen, who purchase 7,552 shares at the price of $46.11 back on Jun 11 ’24. After this action, Ryan Owen now owns 153,500 shares of BlackLine Inc, valued at $348,226 using the latest closing price.
Partin Mark, the CHIEF FINANCIAL OFFICER of BlackLine Inc, sale 50,000 shares at $47.38 during a trade that took place back on Jun 04 ’24, which means that Partin Mark is holding 229,341 shares at $2,369,100 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 4.99. The interest coverage ratio of the stock is 5.79.
Currently, EBITDA for the company is 46.94 million with net debt to EBITDA at 8.97. When we switch over and look at the enterprise to sales, we see a ratio of 6.6. 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
To sum up, BlackLine Inc (BL) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as 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.
