BlackRock Inc. (NYSE:BLK) saw a downside of -0.56% to close Friday at $670.25 after subtracting -$3.75 on the day. The 5-day average trading volume is 482,180 shares of the company’s common stock. It has gained $694.17 in the past week and touched a new high 1 time within the past 5 days. An average of 493,275 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 573,292.
BLK’s 1-month performance is -10.74% or -$68.68 on its low of $665.23 reached on 08/18/23. The company’s shares have touched a 52-week low of $503.12 and high of $785.65, with the stock’s rally to the 52-week high happening on 02/02/23. YTD, BLK has lost -5.42% or -$38.38 and has reached a new high 8 times. However, the current price is down -14.69% from the 52-week high price.
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Insider Transactions
BLK stock investors last saw insider trading activity on Jul 26.FINK LAURENCE (Chairman and CEO) most recently sold 20,200 shares at $742.04 per share on Jul 26. This transaction cost the insider $14,989,297. Senior Managing Director, Wiedman Mark, sold 2,079 shares at a price of $733.82 on Jul 18. Then, on Apr 18, Chairman and CEO FINK LAURENCE sold 35,799 shares at a price of $694.50 per share. This transaction amounted to $24,862,480.
Valuation Metrics
BLK stock has a beta of 1.31. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 5.80 while the price-to-book (PB) in the most recent quarter is 2.62, with the price to cash flow ratio at 25.72.
As well, the company’s long term debt to equity for the quarter ending June 30 was 0.21, while the total debt to equity was 0.21. In terms of profitability, the gross margin trailing 12 months is 80.90%. The firm’s gross profit as reported stood at $6.38 billion against revenue of $17.87 billion.
Earnings Surprise
For the quarterly period ending June 30 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 21.16% to $1.37 billion, while revenue of $1.16 billion was 15.3% off the previous quarter. Analysts expected BLK to announce $8.46 per share in earnings in its latest quarter, but it posted $9.28, representing a 9.70% surprise. EBITDA for the quarter stood at more than $1.72 billion. Shareholders hold equity totaling $149.3 million.
Let’s look briefly at BlackRock Inc. (BLK) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 18 August was 22.02% to suggest the stock is trending oversold, with historical volatility in this time period at 17.15%.
The stock’s 5-day moving average is $676.45, reflecting a -3.65% or -$25.36 change from its current price. BLK is currently trading -10.78% above its 20-day SMA, +3.38% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -1.18% and SMA200 by+3.77%.
Stochastic %K and %D was 5.17% and 4.61% and the average true range (ATR) pointed at 11.89. The RSI (14) points at 30.57%, while the 14-day stochastic is at 7.10% with the period’s ATR at 12.29. The stock’s 9-day MACD Oscillator is pointing at -12.72 and -24.02 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for BlackRock Inc. (NYSE: BLK), Keefe Bruyette upgraded it to an Outperform rating. They previously had a Mkt perform rating on the stock.
