The price-to-earnings ratio for Blackstone Inc (NYSE: BX) is above average at 67.79x, Company’s 36-month beta value is 1.51.Analysts have differing opinions on the stock, with 7 analysts rating it as a “buy,” 6 as “overweight,” 15 as “hold,” and 0 as “sell.”
The public float for BX is 714.84M, and currently, short sellers hold a 2.75% ratio of that floaft. The average trading volume of BX on November 25, 2024 was 3.22M shares.
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BX) stock’s latest price update
Blackstone Inc (NYSE: BX) has seen a decline in its stock price by -0.94 in relation to its previous close of 199.05. However, the company has experienced a 7.74% gain in its stock price over the last five trading sessions. businesswire.com reported 2024-11-25 that NEW YORK–(BUSINESS WIRE)–Blackstone Mortgage Trust, Inc. (NYSE: BXMT) (the “Company” or “BXMT”) today announced it has commenced a private offering of $450 million in aggregate principal amount of its senior secured notes due 2029 (the “Notes”). The Company intends to use the net proceeds of the Notes offering for general corporate purposes, including paying down existing secured indebtedness. The offering of the Notes and the related guarantees will be made in a private transaction in relian.
BX’s Market Performance
BX’s stock has risen by 7.74% in the past week, with a monthly rise of 18.02% and a quarterly rise of 39.95%. The volatility ratio for the week is 3.20% while the volatility levels for the last 30 days are 2.31% for Blackstone Inc The simple moving average for the last 20 days is 9.69% for BX stock, with a simple moving average of 43.60% for the last 200 days.
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 18.45% 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 -1.39% of loss for the given period.
Volatility was left at 2.31%, however, over the last 30 days, the volatility rate increased by 3.20%, as shares surge +15.59% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +27.11% upper at present.
During the last 5 trading sessions, BX rose by +7.35%, which changed the moving average for the period of 200-days by +53.87% in comparison to the 20-day moving average, which settled at $179.73. In addition, Blackstone Inc saw 52.78% 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:
- 0.45 for the present operating margin
- 0.82 for the gross margin
The net margin for Blackstone Inc stands at 0.26. The total capital return value is set at 0.09. 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 2.33. When we switch over and look at the enterprise to sales, we see a ratio of 29.65. The receivables turnover for the company is 27.99for trailing twelve months and the total asset turnover is 0.2.
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.
