Blackstone Secured Lending Fund. (NYSE: BXSL)’s stock price has gone decline by -0.67 in comparison to its previous close of 31.13, however, the company has experienced a -1.28% decrease in its stock price over the last five trading days. seekingalpha.com reported 2024-10-28 that Big dividend stocks are some of my favorite stocks to buy. However, just because a stock pays a big dividend does not mean it is undervalued. I discuss two popular big dividend stocks that, I think, are very overrated right now.
Is It Worth Investing in Blackstone Secured Lending Fund. (NYSE: BXSL) Right Now?
Blackstone Secured Lending Fund. (NYSE: BXSL) has a higher price-to-earnings ratio of 7.99x compared to its average ratio. BXSL has 36-month beta value of 0.44. Analysts have mixed views 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% ratio of that float. The average trading volume of BXSL on November 01, 2024 was 1.00M shares.
BXSL’s Market Performance
The stock of Blackstone Secured Lending Fund. (BXSL) has seen a -1.28% decrease in the past week, with a 5.10% rise in the past month, and a 7.55% gain in the past quarter. The volatility ratio for the week is 1.30%, and the volatility levels for the past 30 days are at 1.21% for BXSL. The simple moving average for the past 20 days is 1.05% for BXSL’s stock, with a 1.69% 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 2.32% 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 -5.36% of loss for the given period.
Volatility was left at 1.21%, however, over the last 30 days, the volatility rate increased by 1.30%, as shares surge +4.06% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.09% upper at present.
During the last 5 trading sessions, BXSL fell by -0.93%, which changed the moving average for the period of 200-days by +9.76% in comparison to the 20-day moving average, which settled at $30.60. In addition, Blackstone Secured Lending Fund. saw 11.87% 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.
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 10.77. The receivables turnover for the company is 6.55for trailing twelve months and the total asset turnover is 0.09.
Conclusion
To put it simply, Blackstone Secured Lending Fund. (BXSL) has had a better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as 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.
