The stock of Black Knight Inc. (NYSE:BKI) decreased by -$0.1 on Tuesday to $74.70, down -0.13 percent. The last five days have seen an average of 2,107,575 shares of common stock traded. 10 times new highs were reached in the current year, with a gain of $12.93. The average number of shares traded over the last 20 days was 3,288,799, while the average volume over the last 50 days totaled 2,107,097.
BKI stock appreciated 4.99% since last month. On 07/17/23, the company’s shares reached a one-month low of $68.59. The stock touched a high of $74.93 on 08/15/23, after rallying from a low of $53.15 in 52 weeks. The price of BKI stock has risen by 20.97% or $12.93 this year, reaching a new high 10 times. Still, the stock price is down -0.31% from the 52-week high.
Valuation Metrics
Black Knight Inc. (BKI) has a trailing price-to-earnings (P/E) ratio of 47.49. Beta for the stock is 0.50. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 7.71, the price-to-book (PB) ratio of 4.16, and the price-to-cash flow ratio of 126.54.
Company paid $0.09 per share in dividends, remained unchanged from $0.09 last year.
Financial Health
For the three months ended June 29, Black Knight Inc.’s quick ratio was 1.40, while its current ratio was 1.40, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.86, and the total debt to equity ratio is 0.88. Black Knight Inc.’s EBITDA margin for the year ended June 29 was 43.79%, whereas its operating margin stood at 26.50% for the same period. Based on annual data, it had gross profit of $679.6 million and revenue of $1.55 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. BKI’s return on assets (ROA) during the last 12 months has been 4.20%. There was a 4.90% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 9.20%.
Earnings Surprise
According to Black Knight Inc.’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $368.2 million, while revenues fell by -7.14% to $382.2 million. It was predicted that Black Knight Inc.’s quarterly earnings would be $0.44, but it ended up being $0.49, beating the consensus by -10.20%. EBITDA was $143.8 million for the quarter. At the end of Black Knight Inc.’s most recent quarter ended June 29, its liabilities totaled 2.98 billion, while its total debt was $2.47 billion. Equity owned by shareholders amounts to $156.76 million.
Technical Picture
Here’s a quick look at Black Knight Inc.’s (BKI) price momentum from a technical perspective. As of 14 August, the RSI 9-day stood at 84.35%, suggesting the stock is Overbought, with a 19.04% historical volatility rate.
The stochastic %K and %D were 95.46% and 95.15% respectively, while the average true range (ATR) was 0.86. Based on the 14-day stochastic reading of 94.87%, the RSI (14) reading is 82.12%. On the 9-day MACD Oscillator, the stock is at 0.86, and the 14-day reading is at 2.19.
Analyst Ratings
Black Knight Inc. (NYSE: BKI) was downgraded by Stephens to a an Equal-weight rating in its latest research report. The stock was previously rated as a an Overweight. Analysts have assigned Black Knight Inc. (BKI) an Hold rating. BKI is a stock that is recommended for selling by 0 brokerage firms, while 7 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 0 others recommend it as a buy.
What is BKI’s price target for the next 12 months?
The current consensus forecast for the stock is between $73.00 and $75.00, with a median target price of $75.00. In analyzing these forecasts, the average price target given by analysts for Black Knight Inc. (BKI) is $74.60.
