As of Thursday close, Black Knight Inc.’s (NYSE:BKI) stock was down -$0.02, moving down -0.03 percent to $75.76. The average number of shares traded per day over the past five days has been 5,239,880 shares. 3 times new highs have been achieved over the past 5 days, with a $0.92 gain in that time frame. In the last twenty days, the average volume was 4,319,170, while in the previous 50 days, it was 2,849,242.
Since last month, BKI stock rose 8.23%. Shares of the company fell to $69.83 on 08/02/23, the lowest level in the past month. A 52-week high of $75.99 was reached on 08/29/23 after having rallying from a 52-week low of $53.15. Since the beginning of this year, BKI’s stock price has risen by 22.69% or $14.01, and marked a new high 12 times. However, the stock has declined by -0.30% since its 52-week high.
Valuation Metrics
Right now, Black Knight Inc. (BKI) has a P/E ratio of about 48.16. The stock’s beta is 0.50. Besides these, the trailing price-to-sales (P/S) ratio of 7.82, the price-to-book (PB) ratio of 4.22, and the price-to-cash flow ratio of 128.39 may also be considered.
The latest dividend of $0.09 per share was paid out, remained unchanged from last year’s $0.09.
Financial Health
In the three months ended June 29, Black Knight Inc.’s quick ratio stood at 1.40, while its current ratio was 1.40, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.86, and the total debt-to-equity ratio was 0.88. In the year ended June 29, EBITDA margin amounted to 43.79%, whereas operating margins totaled 26.50%. Based on annual data, BKI earned $679.6 million in gross profit and brought in $1.55 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 4.90%. Return on equity (ROE) for the past 12 months was 9.20%.
In Black Knight Inc.’s quarter-end financial report for June 29, it reported total debt of $2.4 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. BKI’s revenue fell -7.14% to $382.2 million during the quarter, while net income inched up to $368.2 million. While analysts expected Black Knight Inc. to report $0.49 quarterly earnings, the actual figure was $0.44 per share, beating the consensus estimate by -10.20%. During the quarter, the company generated $143.8 million in EBITDA. The liabilities of Black Knight Inc. were 2.98 billion at the end of its most recent quarter ended June 29, and its total debt was $2.47 billion. The value of shareholders’ equity is $156.76 million.
Technical Picture
This quick technical analysis looks at Black Knight Inc.’s (BKI) price momentum. With a historical volatility rate of 6.19%, the RSI 9-day stood at 83.91% on 31 August.
With respect to its five-day moving average, the current Black Knight Inc. price is up by +1.23% percent or $0.92. At present, BKI shares trade +7.26% above its 20-day simple moving average and +31.16% percent above its 100-day simple moving average. However, the stock is currently trading approximately +30.94% above its SMA50 and +29.33% above its SMA200.
Stochastic coefficient K was 86.41% and Stochastic coefficient D was 85.62%, while ATR was 0.51. Given the Stochastic reading of 87.15% for the 14-day period, the RSI (14) reading has been calculated as 81.83%. As of today, the MACD Oscillator reading stands at 0.68, while the 14-day reading stands at 0.88.
Analyst Ratings
Black Knight Inc. downgraded its rating on Black Knight Inc. (NYSE: BKI) to an Equal-weight in a note to investors on July 24, 2023. The analysts firm previously had an Overweight rating on the stock.Black Knight Inc. (BKI) has been rated Hold by analysts. According to 0 brokerage firms, BKI is a sell, and 7 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Black Knight Inc. stock as buy, with 0 recommending it as overweight.
With a median target price of $75.00, the current consensus forecast for the stock is $73.00 – $75.00. Based on these forecasts, analysts predict Black Knight Inc. (BKI) will achieve an average price target of $74.60.
