The price-to-earnings ratio for Blackstone Secured Lending Fund. (NYSE: BXSL) is above average at 7.87x, Company’s 36-month beta value is 0.46.Analysts have differing opinions on the stock, with 4 analysts rating it as a “buy,” 3 as “overweight,” 2 as “hold,” and 0 as “sell.”
The public float for BXSL is 184.84M, and currently, short sellers hold a 0.61% ratio of that floaft. The average trading volume of BXSL on September 19, 2024 was 961.23K shares.
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BXSL) stock’s latest price update
Blackstone Secured Lending Fund. (NYSE: BXSL)’s stock price has gone rise by 0.80 in comparison to its previous close of 30.15, however, the company has experienced a 1.20% increase in its stock price over the last five trading days. seekingalpha.com reported 2024-09-16 that High-yield stocks have rebounded due to optimism over Federal Reserve rate cuts. However, there remain several high-quality high-yield stocks that have lagged the sector’s recovery and remain attractive bargains. We discuss some of them in this article.
BXSL’s Market Performance
BXSL’s stock has risen by 1.20% in the past week, with a monthly rise of 1.98% and a quarterly drop of -3.03%. The volatility ratio for the week is 1.09% while the volatility levels for the last 30 days are 1.21% for Blackstone Secured Lending Fund. The simple moving average for the past 20 days is 1.45% for BXSL’s stock, with a 1.16% simple moving average for the past 200 days.
Analysts’ Opinion of BXSL
JP Morgan gave a rating of “Overweight” to BXSL, setting the target price at $28.50 in the report published on October 23rd of the previous year.
BXSL Trading at 0.99% from the 50-Day Moving Average
After a stumble in the market that brought BXSL to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -6.98% of loss for the given period.
Volatility was left at 1.21%, however, over the last 30 days, the volatility rate increased by 1.09%, as shares surge +1.91% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.49% lower at present.
During the last 5 trading sessions, BXSL rose by +1.03%, which changed the moving average for the period of 200-days by +7.32% in comparison to the 20-day moving average, which settled at $29.98. In addition, Blackstone Secured Lending Fund. saw 9.95% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for BXSL
Current profitability levels for the company are sitting at:
- 0.81 for the present operating margin
- 0.78 for the gross margin
The net margin for Blackstone Secured Lending Fund. stands at 0.63. The total capital return value is set at 0.08. Equity return is now at value 14.10, with 6.70 for asset returns.
Based on Blackstone Secured Lending Fund. (BXSL), the company’s capital structure generated 0.53 points at debt to capital in total, while cash flow to debt ratio is standing at 0.06. The debt to equity ratio resting at 1.13. The interest coverage ratio of the stock is 3.41.
Currently, EBITDA for the company is 863.28 million with net debt to EBITDA at 6.38. When we switch over and look at the enterprise to sales, we see a ratio of 10.67. The receivables turnover for the company is 6.55for trailing twelve months and the total asset turnover is 0.09.
Conclusion
In a nutshell, Blackstone Secured Lending Fund. (BXSL) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
