Blackstone Inc (NYSE: BX) has seen a rise in its stock price by 0.56 in relation to its previous close of 164.85. However, the company has experienced a -5.76% decline in its stock price over the last five trading sessions. seekingalpha.com reported 2025-01-13 that BXSL has increased its portfolio by $2.48 billion while expanding the number of portfolio companies by 64 YoY which helps risk mitigation. BXSL’s portfolio has grown to 98.7% of its investments tied to Senior Secured Debt which is bullish as its the most favorable debt for lendors. BXSL continues to increase the amount of net investment income it generates and as its investments at fair value increases.
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 56.99x. The stock has a 36-month beta value of 1.53. Opinions on the stock are mixed, with 7 analysts rating it as a “buy,” 1 as “overweight,” 15 as “hold,” and 0 as “sell.”
The public float for BX is 714.83M, and at present, short sellers hold a 1.86% of that float. On January 14, 2025, the average trading volume of BX was 3.36M shares.
BX’s Market Performance
BX’s stock has seen a -5.76% decrease for the week, with a -12.55% drop in the past month and a 11.52% gain in the past quarter. The volatility ratio for the week is 3.34%, and the volatility levels for the past 30 days are at 2.70% for Blackstone Inc The simple moving average for the past 20 days is -5.41% for BX’s stock, with a 13.73% simple moving average for the past 200 days.
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 “Equal Weight.” The predicted price for BX in the upcoming period, according to Wells Fargo is $195 based on the research report published on December 12, 2024 of the previous year 2024.
TD Cowen, on the other hand, stated in their research note that they expect to see BX reach a price target of $230, previously predicting the price at $149. The rating they have provided for BX stocks is “Buy” according to the report published on December 09th, 2024.
Piper Sandler gave a rating of “Neutral” to BX, setting the target price at $149 in the report published on October 09th of the previous year.
BX Trading at -7.89% 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 -17.51% of loss for the given period.
Volatility was left at 2.70%, however, over the last 30 days, the volatility rate increased by 3.34%, as shares sank -13.85% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.38% lower at present.
During the last 5 trading sessions, BX fell by -5.76%, which changed the moving average for the period of 200-days by +29.63% in comparison to the 20-day moving average, which settled at $175.25. In addition, Blackstone Inc saw -3.86% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at BX starting from Blackstone Holdings IV L.P., who sale 335,487 shares at the price of $81.17 back on Dec 12 ’24. After this action, Blackstone Holdings IV L.P. now owns 204,333 shares of Blackstone Inc, valued at $27,233,157 using the latest closing price.
Finley John G, the Chief Legal Officer of Blackstone Inc, 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 387,137 shares at $7,433,289 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 26.72. The receivables turnover for the company is 27.99for trailing twelve months and the total asset turnover is 0.2.
Conclusion
To sum up, Blackstone Inc (BX) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. 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.
