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As of close of business last night, BlackLine Inc’s stock clocked out at $47.08, down -2.06% from its previous closing price of $48.07. In other words, the price has decreased by -$2.06 from its previous closing price. On the day, 0.65 million shares were traded. BL stock price reached its highest trading level at $48.64 during the session, while it also had its lowest trading level at $47.84.
Ratios:
To gain a deeper understanding of BL’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 2.34 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 19.46. For the most recent quarter (mrq), Quick Ratio is recorded 2.30 and its Current Ratio is at 2.30. In the meantime, Its Debt-to-Equity ratio is 5.04 whereas as Long-Term Debt/Eq ratio is at 4.13.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Piper Sandler on April 23, 2024, Upgraded its rating to Neutral and sets its target price to $62 from $55 previously.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Jun 11 ’24 when Ryan Owen bought 7,552 shares for $46.11 per share. The transaction valued at 348,226 led to the insider holds 153,500 shares of the business.
Partin Mark sold 50,000 shares of BL for $2,369,100 on Jun 04 ’24. The CHIEF FINANCIAL OFFICER now owns 229,341 shares after completing the transaction at $47.38 per share. On May 31 ’24, another insider, Duan Jimmy C, who serves as the Chief Customer Officer of the company, bought 2,000 shares for $47.73 each. As a result, the insider paid 95,450 and bolstered with 50,360 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, BL now has a Market Capitalization of 2988253184 and an Enterprise Value of 3188643584. As of this moment, BlackLine’s Price-to-Earnings (P/E) ratio for their current fiscal year is 44.92, and their Forward P/E ratio for the next fiscal year is 21.16. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.36. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.78 while its Price-to-Book (P/B) ratio in mrq is 10.40. Its current Enterprise Value per Revenue stands at 5.24 whereas that against EBITDA is 85.929.
Stock Price History:
Over the past 52 weeks, BL has reached a high of $69.31, while it has fallen to a 52-week low of $43.79. The 50-Day Moving Average of the stock is -10.16%, while the 200-Day Moving Average is calculated to be -17.54%.
Shares Statistics:
It appears that BL traded 1.03M shares on average per day over the past three months and 1420570 shares per day over the past ten days. A total of 61.52M shares are outstanding, with a floating share count of 50.64M. Insiders hold about 18.09% of the company’s shares, while institutions hold 91.95% stake in the company. Shares short for BL as of 1718323200 were 4133915 with a Short Ratio of 4.01, compared to 1715731200 on 2686824. Therefore, it implies a Short% of Shares Outstanding of 4133915 and a Short% of Float of 8.1999995.
