Value gained By Blackstone Inc. (BX) In The Past Week: $95.90


Blackstone Inc. (NYSE:BX) finished Wednesday with a subtraction of -$2.17 to close at $88.77, a downside of -2.39 percent. An average of 3,862,440 shares of common stock have been traded in the last five days. There was a fall of -$6.59 in the past week, and it reached a new high 11 times over the past 12 months. The last 20 days have seen an average of 3,293,230 shares traded, while the 50-day average volume stands at 3,713,178.

BX stock has decreased by -12.11% in the last month. The company shares reached their 1-month lowest point of $88.73 on 09/21/22. With the stock rallying to its 52-week high on 02/02/22, shares of the company touched a low of $86.97 and a high of $149.78 in 52 weeks. It has reached a new high 4 times so far this year and lost -31.39% or -$40.62 in price. In spite of this, the price is down -40.73% from the 52-week high.

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Insider Transactions

28 days have passed since Blackstone Inc. (BX) last reported insider trading activity. Blackstone Holdings III L.P., who is 10% Owner, most recently acquired $7,200 shares at $32.68 per share on Aug 25. In this transaction, the insider spent $235,321. 10% Owner, Blackstone Holdings III L.P., disposed of 28,993 shares at a price of $32.63 on Aug 24. The insider now owns more than $946,015 worth of shares. Prior to that, 10% Owner Blackstone Holdings III L.P. went on to Sale 41,500 shares at $32.94 each on Aug 23. An amount of $1,367,110 was transacted.

Valuation Metrics

Blackstone Inc. (BX) has a trailing price-to-earnings (P/E) ratio of 16.20. The stock’s beta is 1.45. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 6.23, the price-to-book (PB) ratio at 7.28.

The company has a payout ratio of 83.20%. The company’s most recent quarterly dividend payment was $1.27 a share, representing a down of -3.79% from $1.32 last year. Its latest decrease dividend $0.05 reported on Friday July 22 2022.

Financial Health

Further, the company has a long term debt to equity ratio of 1.09 and a total debt to equity ratio of 1.11 for the quarter ending June 29. Its gross profit as reported stood at $13.1 billion compared to revenue of $22.58 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Blackstone Inc.’s return on assets was 9.70%.

Earnings Surprise

For the three-month period that ended June 29, Blackstone Inc. had $9.37 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$29.39 million in the quarter, while revenues of $1.22 billion were grew 4554.41%. The analyst consensus anticipated Blackstone Inc.’s latest quarter earnings to come in at $1.44 per share, but it turned out to be $1.49, a 3.50% surprise. For the quarter, EBITDA amounted to -$26.55 million. At the end of the quarter ending June 29, Blackstone Inc.’s stock balance sheet showed total debt was $10.57 billion. Shareholders own equity worth $701.67 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Blackstone Inc. (BX) price momentum. RSI 9-day as of the close on 21 September was 32.24%, suggesting the stock is Neutral, with historical volatility in this time frame at 52.77%.

As of today, BX’s price is $92.35 -6.91% or -$6.59 from its 5-day moving average. BX is currently trading -13.27% lower than its 20-day SMA and -18.03% lower than its 100-day SMA. However, the stock’s current price level is -5.58% below the SMA50 and -34.37% below the SMA200.

The stochastic %K and %D were 16.73% and 20.99%, respectively, and the average true range (ATR) was 4.08. With the 14-day stochastic at 0.29% and the average true range at 3.97, the RSI (14) stands at 36.19%. The stock has reached -3.04 on the 9-day MACD Oscillator while the 14-day reading was at -3.18.

Analyst Ratings

Barclays launched coverage on Blackstone Inc. (NYSE: BX) in its analyst report released on August 31, 2022. The firm assigned the stock an Overweight rating.


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