Blackstone Inc (NYSE: BX) has a higher price-to-earnings ratio of 53.79x compared to its average ratio, The 36-month beta value for BX is at 1.48. 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 707.24M, and currently, shorts hold a 2.47% of that float. The average trading volume for BX on July 30, 2024 was 3.39M shares.
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BX) stock’s latest price update
The stock price of Blackstone Inc (NYSE: BX) has plunged by -0.72 when compared to previous closing price of 142.00, but the company has seen a -0.14% decline in its stock price over the last five trading sessions. businesswire.com reported 2024-07-29 that NEW YORK & MEXICO CITY–(BUSINESS WIRE)–Blackstone Real Estate and MRP Group, a developer, owner and operator of real estate in Mexico, today announced that a Mexican trust formed by their affiliates has extended the offer period of its all-cash tender offer of Ps.40.50 per certificate for up to 100% of the outstanding real estate trust certificates of Terrafina (BMV:TERRA 13), until 14:00 (Mexico City time) on July 30, 2024, in accordance with the Offer to Purchase. As the only announced all-.
BX’s Market Performance
Blackstone Inc (BX) has experienced a -0.14% fall in stock performance for the past week, with a 13.58% rise in the past month, and a 15.10% rise in the past quarter. The volatility ratio for the week is 2.96%, and the volatility levels for the past 30 days are at 2.73% for BX. The simple moving average for the last 20 days is 7.57% for BX stock, with a simple moving average of 17.74% for the last 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 11.81% 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 -2.88% of loss for the given period.
Volatility was left at 2.73%, however, over the last 30 days, the volatility rate increased by 2.96%, as shares surge +13.88% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.36% upper at present.
During the last 5 trading sessions, BX fell by -0.14%, which changed the moving average for the period of 200-days by +33.90% in comparison to the 20-day moving average, which settled at $131.92. In addition, Blackstone Inc saw 8.60% 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 BX starting from Baratta Joseph, who sale 116,448 shares at the price of $123.00 back on Jul 03 ’24. After this action, Baratta Joseph now owns 921,184 shares of Blackstone Inc, valued at $14,323,104 using the latest closing price.
Blackstone Inc., the 10% Owner of Blackstone Inc, sale 20,125,000 shares at $16.33 during a trade that took place back on May 21 ’24, which means that Blackstone Inc. is holding 77,326 shares at $328,641,250 based on the most recent closing price.
Stock Fundamentals for BX
Current profitability levels for the company are sitting at:
- 0.53 for the present operating margin
- 0.99 for the gross margin
The net margin for Blackstone Inc stands at 0.22. The total capital return value is set at 0.12. Equity return is now at value 28.40, with 4.86 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 0.19. The debt to equity ratio resting at 1.56. The interest coverage ratio of the stock is 14.83.
Currently, EBITDA for the company is 3.48 billion with net debt to EBITDA at 1.89. When we switch over and look at the enterprise to sales, we see a ratio of 19.53. The receivables turnover for the company is 1.81for trailing twelve months and the total asset turnover is 0.23.
Conclusion
In conclusion, Blackstone Inc (BX) has had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
