Blackstone Secured Lending Fund (NYSE:BXSL) saw an upside of 1.60% to $28.85 after adding $0.45 on Wednesday. The 5-day average trading volume is 509,468 shares of the company’s common stock. It has gained $29.09 in the past week and touched a new high 4 times within the past 5 days. An average of 534,117 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 642,887.
BXSL’s 1-month performance is 6.71% or $1.91 on its low of $26.62 reached on 07/10/23. The company’s shares have touched a 52-week low of $22.08 and high of $28.63, with the stock’s rally to the 52-week high happening on 08/09/23. YTD, BXSL has achieved 29.11% or $6.55 and has reached a new high 32 times. However, the current price is up 0.79% from the 52-week high price.
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Valuation Metrics
BXSL stock has a beta of 0.55. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 5.04 while the price-to-book (PB) in the most recent quarter is 1.11, with the price to cash flow ratio at 11.40.
As well, the company’s long term debt to equity for the quarter ending March 30 was 1.30, while the total debt to equity was 1.30. In terms of profitability, the gross margin trailing 12 months is 57.20%. The firm’s gross profit as reported stood at $366.52 million against revenue of $850.29 million.
Earnings Surprise
For the quarterly period ending March 30 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected BXSL to announce $0.92 per share in earnings in its latest quarter, but it posted $0.93, representing a 1.10% surprise. EBITDA for the quarter stood at more than $224.99 million. Shareholders hold equity totaling $160.78 million.
Let’s look briefly at Blackstone Secured Lending Fund (BXSL) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 08 August was 68.71% to suggest the stock is trending Neutral, with historical volatility in this time period at 16.05%.
The stock’s 5-day moving average is $28.33, reflecting a +3.01% or $0.85 change from its current price. BXSL is currently trading +5.26% above its 20-day SMA, +15.58% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +12.65% and SMA200 by+25.52%.
Stochastic %K and %D was 82.07% and 73.74% and the average true range (ATR) pointed at 0.46. The RSI (14) points at 66.28%, while the 14-day stochastic is at 87.13% with the period’s ATR at 0.45. The stock’s 9-day MACD Oscillator is pointing at 0.21 and 0.28 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Blackstone Secured Lending Fund (NYSE: BXSL), Janney upgraded it to a Buy rating. They previously had a Neutral rating on the stock.
