Blackstone Inc. (NYSE:BX) saw a downside of -4.15% to close Monday at $110.95 after subtracting -$4.8 on the day. The 5-day average trading volume is 4,758,440 shares of the company’s common stock. It has gained $120.41 in the past week. An average of 4,811,775 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 3,659,722.
BX’s 1-month performance is -13.54% or -$18.05 on its low of $108.81 reached on 10/04/21. The company’s shares have touched a 52-week low of $49.40 and high of $136.88, with the stock’s rally to the 52-week high happening on 09/17/21. YTD, BX has achieved 71.19% or $46.14. However, the current price is down -18.95%% from the 52-week high price.
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On Sep 10, 25 days have gone by since the last insider trading activity for Blackstone Inc. (BX). Payne David (Chief Accounting Officer) most recently sold 3,693 shares at $129.00 per share on Sep 10. This transaction cost the insider $476,397. 10% Owner, Blackstone Holdings II L.P., sold 335,000 shares at a price of $60.00 on Aug 24. Then, on Aug 06, Director Baratta Joseph sold 30,789 shares at a price of $114.24 per share. This transaction amounted to $3,517,335.
The company’s PE ratio for the last five years has touched a high of 81.44 and a low of 10.18. BX stock has a beta of 1.35. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 7.77 while the price-to-book (PB) in the most recent quarter is 9.52, with the price to cash flow ratio at 1206.02.
Blackstone Inc. pays an annual dividend of $2.80 per share. Its dividend yield is 2.52% and the payout ratio is 41.50%. BX’s most recent quarterly dividend payment was made on Aug. 9, when it paid $0.8475 a share compared with prior rate of $0.82, up 3.24% from last year’s. Measured over the last 3 years, the Dividend has been growing by -17.67% yearly.
It is projected that Blackstone Inc.’s next ex-dividend date will be on 5-Nov. BX is expected to distribute $0.70 as its next dividend.
As well, the company’s long term debt to equity for the quarter ending June 29 was 0.67, while the total debt to equity was 0.67 while for the period ending June 29; Blackstone Inc.’s operating margin was 57.70%. The firm’s gross profit as reported stood at $2.62 billion against revenue of $6.1 billion.
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Analysts expected BX to announce $0.78 per share in earnings in its latest quarter, but it posted $0.82, representing a 5.10% surprise. EBITDA for the quarter stood at more than $3.08 billion. BX stock balance sheet for the quarter ending June 29 shows that, with total debt at $6.64 billion. Shareholders hold equity totaling $685.95 million
Let’s look briefly at Blackstone Inc. (BX) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 04 October was 22.51% to suggest the stock is trending oversold, with historical volatility in this time period at 41.17%.
The stock’s 5-day moving average is $116.03, reflecting a -10.05% or -$12.39 change from its current price. BX is currently trading -13.99% above its 20-day SMA, +31.61% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -0.31% and +70.88% respectively.
Stochastic %K and %D was 6.98% and 9.28% and the average true range (ATR) pointed at 4.37. The RSI (14) points at 31.08%, while the 14-day stochastic is at 7.62% with the period’s ATR at 4.03. The stock’s 9-day MACD Oscillator is pointing at -5.82 and -9.67 on the 14-day charts.
In the most recent analyst report for Blackstone Inc. (NYSE: BX), Deutsche Bank upgraded it to a Buy rating. They previously had a Hold rating on the stock. Analysts offering their rating for BX stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate BX as a “sell,”, while 5 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 10 have offered a “buy” rating.
What is BX’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $89.00 and a high of $135.00, with their median price target at $124.00. Looking at these predictions, the average price target given by analysts is for Blackstone Inc. (BX) stock is $119.41.