Blackstone Secured Lending Fund. (NYSE: BXSL) has experienced a rise in its stock price by 0.17 compared to its previous closing price of 29.25. However, the company has seen a fall of -2.14% in its stock price over the last five trading days. seekingalpha.com reported 2024-09-28 that The high-yield space has undergone a sharp bifurcation recently. We discuss what this bifurcation is and what is driving it. We discuss two quality and growing 10%-yields that are way too cheap right now.
Is It Worth Investing in Blackstone Secured Lending Fund. (NYSE: BXSL) Right Now?
The price-to-earnings ratio for Blackstone Secured Lending Fund. (NYSE: BXSL) is 7.59x, which is above its average ratio. Moreover, the 36-month beta value for BXSL is 0.46. Analysts have varying opinions on the stock, with 4 analysts rating it as a “buy,” 3 as “overweight,” 2 as “hold,” and 0 as “sell.”
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The public float for BXSL is 184.84M and currently, short sellers hold a 0.65% of that float. On October 03, 2024, BXSL’s average trading volume was 972.17K shares.
BXSL’s Market Performance
BXSL’s stock has seen a -2.14% decrease for the week, with a -2.14% drop in the past month and a -5.88% fall in the past quarter. The volatility ratio for the week is 1.00%, and the volatility levels for the past 30 days are at 1.17% for Blackstone Secured Lending Fund. The simple moving average for the last 20 days is -2.61% for BXSL’s stock, with a simple moving average of -2.80% for the last 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 -2.39% 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 -10.32% of loss for the given period.
Volatility was left at 1.17%, however, over the last 30 days, the volatility rate increased by 1.00%, as shares sank -2.37% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.98% lower at present.
During the last 5 trading sessions, BXSL fell by -2.14%, which changed the moving average for the period of 200-days by +5.02% in comparison to the 20-day moving average, which settled at $30.05. In addition, Blackstone Secured Lending Fund. saw 6.01% 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 10.47. The receivables turnover for the company is 6.55for trailing twelve months and the total asset turnover is 0.09.
Conclusion
To wrap up, the performance of Blackstone Secured Lending Fund. (BXSL) has been mixed in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. 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.
