The stock of Blackstone Inc (BX) has gone up by 1.71% for the week, with a 16.63% rise in the past month and a 25.92% rise in the past quarter. The volatility ratio for the week is 2.48%, and the volatility levels for the past 30 days are 2.55% for BX. The simple moving average for the past 20 days is 8.34% for BX’s stock, with a 23.72% 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 59.99x, Company’s 36-month beta value is 1.50.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 712.76M, and currently, short sellers hold a 2.38% ratio of that floaft. The average trading volume of BX on September 24, 2024 was 3.44M shares.
BX) stock’s latest price update
Blackstone Inc (NYSE: BX) has experienced a decline in its stock price by -0.58 compared to its previous closing price of 158.12. However, the company has seen a gain of 1.71% in its stock price over the last five trading days. nypost.com reported 2024-09-21 that A hotel operator based in India is acquiring the budget motel chain Motel 6 from Blackstone for $525 million, the New York-based investment firm announced Friday.
Analysts’ Opinion of BX
Many brokerage firms have already submitted their reports for BX stocks, with Wells Fargo repeating the rating for BX by listing it as a “Overweight.” The predicted price for BX in the upcoming period, according to Wells Fargo is $163 based on the research report published on September 12, 2024 of the current year 2024.
Redburn Atlantic, on the other hand, stated in their research note that they expect to see BX reach a price target of $134. The rating they have provided for BX stocks is “Neutral” according to the report published on August 27th, 2024.
UBS gave a rating of “Neutral” to BX, setting the target price at $135 in the report published on April 02nd of the current year.
BX Trading at 12.93% 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 -2.51% of loss for the given period.
Volatility was left at 2.55%, however, over the last 30 days, the volatility rate increased by 2.48%, as shares surge +12.87% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +21.57% upper at present.
During the last 5 trading sessions, BX rose by +1.71%, which changed the moving average for the period of 200-days by +36.37% in comparison to the 20-day moving average, which settled at $146.00. In addition, Blackstone Inc saw 21.50% 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 Blackstone Inc., who sale 30,539,203 shares at the price of $16.58 back on Aug 21 ’24. After this action, Blackstone Inc. now owns 31,805 shares of Blackstone Inc, valued at $506,339,986 using the latest closing price.
Finley John G, the Chief Legal Officer of Blackstone Inc, sale 35,000 shares at $131.74 during a trade that took place back on Aug 07 ’24, which means that Finley John G is holding 429,386 shares at $4,610,900 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 0.14. 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 0.23. The debt to equity ratio resting at 1.58. The interest coverage ratio of the stock is 11.12.
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 22.19. The receivables turnover for the company is 1.78for trailing twelve months and the total asset turnover is 0.22.
Conclusion
In a nutshell, Blackstone Inc (BX) 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.
