Blackrock Inc (NYSE: BLK)’s stock price has gone decline by -1.81 in comparison to its previous close of 1013.18, however, the company has experienced a 0.88% increase in its stock price over the last five trading days. fool.com reported 2025-01-16 that BlackRock manages more than $11.5 trillion in assets on behalf of its clients, making it the world’s largest investment company. Around $3.5 trillion of that is in exchange-traded funds (ETFs) operated by its iShares subsidiary.
Is It Worth Investing in Blackrock Inc (NYSE: BLK) Right Now?
The price-to-earnings ratio for Blackrock Inc (NYSE: BLK) is above average at 23.69x. The 36-month beta value for BLK is also noteworthy at 1.30. There are mixed opinions on the stock, with 9 analysts rating it as a “buy,” 5 rating it as “overweight,” 4 rating it as “hold,” and 0 rating it as “sell.”
The public float for BLK is 143.68M, and at present, short sellers hold a 0.95% of that float. The average trading volume of BLK on January 16, 2025 was 680.41K shares.
BLK’s Market Performance
BLK stock saw a decrease of 0.88% in the past week, with a monthly decline of -5.84% and a quarterly a decrease of -1.21%. The volatility ratio for the week is 2.24%, and the volatility levels for the last 30 days are 2.06% for Blackrock Inc (BLK). The simple moving average for the past 20 days is -1.80% for BLK’s stock, with a 11.42% simple moving average for the past 200 days.
Analysts’ Opinion of BLK
Many brokerage firms have already submitted their reports for BLK stocks, with Wells Fargo repeating the rating for BLK by listing it as a “Overweight.” The predicted price for BLK in the upcoming period, according to Wells Fargo is $1000 based on the research report published on September 12, 2024 of the previous year 2024.
Barclays, on the other hand, stated in their research note that they expect to see BLK reach a price target of $985. The rating they have provided for BLK stocks is “Overweight” according to the report published on August 27th, 2024.
TD Cowen gave a rating of “Outperform” to BLK, setting the target price at $938 in the report published on January 16th of the previous year.
BLK Trading at -3.20% from the 50-Day Moving Average
After a stumble in the market that brought BLK to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -8.10% of loss for the given period.
Volatility was left at 2.06%, however, over the last 30 days, the volatility rate increased by 2.24%, as shares sank -6.82% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.71% upper at present.
During the last 5 trading sessions, BLK rose by +0.61%, which changed the moving average for the period of 200-days by +20.00% in comparison to the 20-day moving average, which settled at $1,012.85. In addition, Blackrock Inc saw -2.96% 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 BLK starting from Wiedman Mark, who sale 36,190 shares at the price of $1045.90 back on Dec 06 ’24. After this action, Wiedman Mark now owns 6,480 shares of Blackrock Inc, valued at $37,851,104 using the latest closing price.
Meade Christopher J., the General Counsel and CLO of Blackrock Inc, sale 18,000 shares at $1045.83 during a trade that took place back on Dec 06 ’24, which means that Meade Christopher J. is holding 8,628 shares at $18,824,988 based on the most recent closing price.
Stock Fundamentals for BLK
Current profitability levels for the company are sitting at:
- 0.39 for the present operating margin
- 0.82 for the gross margin
The net margin for Blackrock Inc stands at 0.3. The total capital return value is set at 0.06. Equity return is now at value 15.22, with 4.83 for asset returns.
Based on Blackrock Inc (BLK), the company’s capital structure generated 0.26 points at debt to capital in total, while cash flow to debt ratio is standing at 0.32. The debt to equity ratio resting at 0.34. The interest coverage ratio of the stock is 26.39.
Currently, EBITDA for the company is 7.87 billion with net debt to EBITDA at 0.02. When we switch over and look at the enterprise to sales, we see a ratio of 7.65. The receivables turnover for the company is 4.44for trailing twelve months and the total asset turnover is 0.15.
Conclusion
In summary, Blackrock Inc (BLK) has had a mixed performance as of late. Analysts have bullish opinions on the stock, with some viewing 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.
