The stock of Blackstone Inc. (BX) has seen a -2.15% decrease in the past week, with a -7.19% drop in the past month, and a 0.96% flourish in the past quarter. The volatility ratio for the week is 2.39%, and the volatility levels for the past 30 days are at 3.11% for BX. The simple moving average for the last 20 days is -5.08% for BX stock, with a simple moving average of -4.49% for the last 200 days.
Is It Worth Investing in Blackstone Inc. (NYSE: BX) Right Now?
The price-to-earnings ratio for Blackstone Inc. (NYSE: BX) is above average at 37.61x, while the 36-month beta value is 1.51.Analysts have differing opinions on the stock, with 13 analysts rating it as a “buy,” 1 as “overweight,” 6 as “hold,” and 1 as “sell.”
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The average price point forecasted by analysts for Blackstone Inc. (BX) is $101.53, which is $12.21 above the current market price. The public float for BX is 704.57M, and currently, short sellers hold a 2.55% ratio of that floaft. The average trading volume of BX on March 03, 2023 was 5.13M shares.
BX) stock’s latest price update
Blackstone Inc. (NYSE: BX)’s stock price has decreased by -0.80 compared to its previous closing price of 89.78. Despite this, the company has experienced a -2.15% fall in its stock price over the last five trading sessions. The Wall Street Journal reported on 02/12/23 that Blackstone’s Big New Idea Leaves It Bruised
Analysts’ Opinion of BX
The stock of Blackstone Inc. (BX) has seen a -2.15% decrease in the past week, with a -7.19% drop in the past month, and a 0.96% flourish in the past quarter. The volatility ratio for the week is 2.39%, and the volatility levels for the past 30 days are at 3.11% for BX. The simple moving average for the last 20 days is -5.08% for BX stock, with a simple moving average of -4.49% for the last 200 days.
Analysts’ Opinion of BX
Many brokerage firms have already submitted their reports for BX stocks, with JP Morgan repeating the rating for BX by listing it as a “Overweight.” The predicted price for BX in the upcoming period, according to JP Morgan is $105 based on the research report published on January 24th of the current year 2023.
Wells Fargo, on the other hand, stated in their research note that they expect to see BX reach a price target of $95, previously predicting the price at $88. The rating they have provided for BX stocks is “Overweight” according to the report published on January 11th, 2023.
Barclays gave a rating of “Equal Weight” to BX, setting the target price at $90 in the report published on December 02nd of the previous year.
BX Trading at 3.00% from the 50-Day Moving Average
After a stumble in the market that brought BX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -32.73% of loss for the given period.
Volatility was left at 3.11%, however, over the last 30 days, the volatility rate increased by 2.39%, as shares sank -8.38% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +18.13% upper at present.
During the last 5 trading sessions, BX fell by -2.15%, which changed the moving average for the period of 200-days by -17.40% in comparison to the 20-day moving average, which settled at $93.41. In addition, Blackstone Inc. saw 20.04% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at BX starting from Porat Ruth, who purchase 277 shares at the price of $92.61 back on Feb 13. After this action, Porat Ruth now owns 30,851 shares of Blackstone Inc., valued at $25,628 using the latest closing price.
Porat Ruth, the Director of Blackstone Inc., purchase 79 shares at $91.78 during a trade that took place back on Feb 13, which means that Porat Ruth is holding 8,079 shares at $7,280 based on the most recent closing price.
Stock Fundamentals for BX
Current profitability levels for the company are sitting at:
- +37.66 for the present operating margin
- +98.39 for the gross margin
The net margin for Blackstone Inc. stands at +17.52. Equity return is now at value 45.20, with 9.60 for asset returns.
Conclusion
In a nutshell, Blackstone Inc. (BX) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.