The stock of Blackstone Inc (BX) has seen a 2.35% increase in the past week, with a 8.28% gain in the past month, and a 37.22% flourish in the past quarter. The volatility ratio for the week is 2.06%, and the volatility levels for the past 30 days are at 2.17% for BX. The simple moving average for the past 20 days is 5.84% for BX’s stock, with a 35.72% simple moving average for the past 200 days.
Is It Worth Investing in Blackstone Inc (NYSE: BX) Right Now?
Blackstone Inc (NYSE: BX) has a price-to-earnings ratio that is above its average at 63.57x. The stock has a 36-month beta value of 1.50. Opinions on the stock are mixed, with 7 analysts rating it as a “buy,” 6 as “overweight,” 15 as “hold,” and 0 as “sell.”
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The public float for BX is 714.81M, and at present, short sellers hold a 2.75% of that float. On November 20, 2024, the average trading volume of BX was 3.11M shares.
BX) stock’s latest price update
The stock of Blackstone Inc (NYSE: BX) has increased by 1.04 when compared to last closing price of 183.01. Despite this, the company has experienced a 2.35% gain in its stock price over the last five trading sessions. cnbc.com reported 2024-11-19 that The S&P 500 and the Nasdaq Composite ended Tuesday higher, as shares of Nvidia lifted the indexes. Here’s what’s on CNBC’s radar going into Wednesday.
Analysts’ Opinion of BX
Many brokerage firms have already submitted their reports for BX stocks, with Piper Sandler repeating the rating for BX by listing it as a “Neutral.” The predicted price for BX in the upcoming period, according to Piper Sandler is $149 based on the research report published on October 09, 2024 of the current year 2024.
Wells Fargo, on the other hand, stated in their research note that they expect to see BX reach a price target of $163. The rating they have provided for BX stocks is “Overweight” according to the report published on September 12th, 2024.
Redburn Atlantic gave a rating of “Neutral” to BX, setting the target price at $134 in the report published on August 27th of the current year.
BX Trading at 13.37% 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 able to rebound, for now settling with 0.31% of gains for the given period.
Volatility was left at 2.17%, however, over the last 30 days, the volatility rate increased by 2.06%, as shares surge +9.74% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +30.03% upper at present.
During the last 5 trading sessions, BX rose by +2.35%, which changed the moving average for the period of 200-days by +52.50% in comparison to the 20-day moving average, which settled at $174.70. In addition, Blackstone Inc saw 42.91% 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 Finley John G, who sale 42,249 shares at the price of $175.94 back on Nov 07 ’24. After this action, Finley John G now owns 387,137 shares of Blackstone Inc, valued at $7,433,289 using the latest closing price.
Finley John G, the Officer of Blackstone Inc, proposed sale 42,249 shares at $175.94 during a trade that took place back on Nov 07 ’24, which means that Finley John G is holding shares at $7,433,086 based on the most recent closing price.
Stock Fundamentals for BX
Current profitability levels for the company are sitting at:
- 0.3 for the present operating margin
- 0.72 for the gross margin
The net margin for Blackstone Inc stands at 0.23. The total capital return value is set at 0.07. Equity return is now at value 31.46, with 5.28 for asset returns.
Currently, EBITDA for the company is 3.48 billion with net debt to EBITDA at 1.52. When we switch over and look at the enterprise to sales, we see a ratio of 24.41. The receivables turnover for the company is 32.06for trailing twelve months and the total asset turnover is 0.23.
Conclusion
To sum up, Blackstone Inc (BX) has seen a better performance recently. Analysts have differing views on the stock, with some seeing 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.
