BlackLine Inc (NASDAQ: BL) has a higher price-to-earnings ratio of 36.38x compared to its average ratio, The 36-month beta value for BL is at 0.92. Analysts have varying views on the stock, with 3 analysts rating it as a “buy,” 2 rating it as “overweight,” 7 as “hold,” and 0 as “sell.”
The public float for BL is 51.44M, and currently, shorts hold a 8.97% of that float. The average trading volume for BL on January 31, 2025 was 599.90K shares.
BL) stock’s latest price update
The stock price of BlackLine Inc (NASDAQ: BL) has jumped by 0.87 compared to previous close of 62.89. Despite this, the company has seen a gain of 4.95% in its stock price over the last five trading days. globenewswire.com reported 2025-01-28 that LOS ANGELES, Jan. 28, 2025 (GLOBE NEWSWIRE) — BlackLine, Inc. (Nasdaq: BL) announced today that it will release financial results for the fourth quarter and full year ended December 31, 2024 after market close on Tuesday, February 11, 2025 followed by a conference call hosted by management at 2:00 p.m. PT / 5:00 p.m. ET. A live webcast and replay will be accessible on BlackLine’s investor relations website at https://investors.blackline.com/. To access the conference call by phone, please register here, and dial-in details will be provided. To avoid delays, we encourage participants to dial into the conference call fifteen minutes ahead of the scheduled start time.
BL’s Market Performance
BlackLine Inc (BL) has experienced a 4.95% rise in stock performance for the past week, with a 3.66% rise in the past month, and a 11.22% rise in the past quarter. The volatility ratio for the week is 4.24%, and the volatility levels for the past 30 days are at 3.13% for BL. The simple moving average for the last 20 days is 5.74% for BL’s stock, with a simple moving average of 16.14% for the last 200 days.
Analysts’ Opinion of BL
Citigroup, on the other hand, stated in their research note that they expect to see BL reach a price target of $73. The rating they have provided for BL stocks is “Buy” according to the report published on January 16th, 2025.
Piper Sandler gave a rating of “Underweight” to BL, setting the target price at $60 in the report published on January 06th of the current year.
BL Trading at 3.32% from the 50-Day Moving Average
After a stumble in the market that brought BL to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -8.47% of loss for the given period.
Volatility was left at 3.13%, however, over the last 30 days, the volatility rate increased by 4.24%, as shares surge +5.09% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.76% upper at present.
During the last 5 trading sessions, BL rose by +4.95%, which changed the moving average for the period of 200-days by -0.16% in comparison to the 20-day moving average, which settled at $59.99. In addition, BlackLine Inc saw 4.41% 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 BL starting from Woodhams Mark, who sale 24,408 shares at the price of $64.32 back on Dec 12 ’24. After this action, Woodhams Mark now owns 72,920 shares of BlackLine Inc, valued at $1,569,892 using the latest closing price.
Woodhams Mark, the Officer of BlackLine Inc, proposed sale 24,408 shares at $64.32 during a trade that took place back on Dec 12 ’24, which means that Woodhams Mark is holding shares at $1,569,985 based on the most recent closing price.
Stock Fundamentals for BL
Current profitability levels for the company are sitting at:
- 0.05 for the present operating margin
- 0.75 for the gross margin
The net margin for BlackLine Inc stands at 0.2. The total capital return value is set at 0.02. Equity return is now at value 43.46, with 6.83 for asset returns.
Based on BlackLine Inc (BL), the company’s capital structure generated 0.71 points at debt to capital in total, while cash flow to debt ratio is standing at 0.21. The debt to equity ratio resting at 2.49. The interest coverage ratio of the stock is 3.74.
Currently, EBITDA for the company is 116.51 million with net debt to EBITDA at 2.14. When we switch over and look at the enterprise to sales, we see a ratio of 6.5. The receivables turnover for the company is 4.69for trailing twelve months and the total asset turnover is 0.38. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.69.
Conclusion
In conclusion, BlackLine Inc (BL) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
