The price of BlackLine Inc (NASDAQ: BL) closed at $64.28 in the last session, up 0.45% from day before closing price of $63.99. In other words, the price has increased by $+0.29 from its previous closing price. On the day, 740517 shares were traded.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Ratios:
We take a closer look at BL’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 3.28 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 32.77. For the most recent quarter (mrq), Quick Ratio is recorded 2.19 and its Current Ratio is at 2.19. In the meantime, Its Debt-to-Equity ratio is 5.41 whereas as Long-Term Debt/Eq ratio is at 4.43.
Piper Sandler Downgraded its Neutral to Underweight on January 02, 2024, whereas the target price for the stock was revised from $53 to $60.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Feb 29 ’24 when THOMPSON KEVIN B sold 4,500 shares for $57.50 per share. The transaction valued at 258,750 led to the insider holds 11,000 shares of the business.
Woodhams Mark sold 3,208 shares of BL for $180,129 on Feb 21 ’24. The CHIEF REVENUE OFFICER now owns 77,901 shares after completing the transaction at $56.15 per share. On Feb 20 ’24, another insider, PRAGER MORGAN KAROLE, who serves as the CHIEF LEGAL AND ADMINISTRATIVE of the company, sold 10,007 shares for $57.45 each. As a result, the insider received 574,888 and left with 85,841 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 3.94B and an Enterprise Value of 4.15B. As of this moment, BlackLine’s Price-to-Earnings (P/E) ratio for their current fiscal year is 91.83, and their Forward P/E ratio for the next fiscal year is 29.88. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.78. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.70 while its Price-to-Book (P/B) ratio in mrq is 15.16. Its current Enterprise Value per Revenue stands at 7.03 whereas that against EBITDA is 35.58.
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 $47.26. The 50-Day Moving Average of the stock is 60.63, while the 200-Day Moving Average is calculated to be 56.74.
Shares Statistics:
According to the various share statistics, BL traded on average about 918.68K shares per day over the past 3-months and 2.38M shares per day over the past 10 days. A total of 61.52M shares are outstanding, with a floating share count of 50.44M. Insiders hold about 18.01% of the company’s shares, while institutions hold 83.90% stake in the company. Shares short for BL as of Feb 29, 2024 were 2.32M with a Short Ratio of 2.53, compared to 2.07M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 3.78% and a Short% of Float of 4.08%.
Earnings Estimates
The company has 14 analysts who recommend its stock at the moment. On average, analysts expect EPS of $0.47 for the current quarter, with a high estimate of $0.48 and a low estimate of $0.46, while EPS last year was $0.34. The consensus estimate for the next quarter is $0.5, with high estimates of $0.53 and low estimates of $0.47.
Analysts are recommending an EPS of between $2.11 and $2.04 for the fiscal current year, implying an average EPS of $2.07. EPS for the following year is $2.15, with 14 analysts recommending between $2.33 and $1.98.
Revenue Estimates
According to 13 analysts, the current quarter’s revenue is expected to be $155.11M. It ranges from a high estimate of $155.74M to a low estimate of $154.45M. As of the current estimate, BlackLine Inc’s year-ago sales were $138.98M, an estimated increase of 11.60% from the year-ago figure. For the next quarter, 13 analysts are estimating revenue of $158.54M, an increase of 9.70% less than the figure of $11.60% in the same quarter last year. There is a high estimate of $160.12M for the next quarter, whereas the lowest estimate is $156.77M.
A total of 14 analysts have provided revenue estimates for BL’s current fiscal year. The highest revenue estimate was $648.5M, while the lowest revenue estimate was $643M, resulting in an average revenue estimate of $645.23M. In the same quarter a year ago, actual revenue was $590M, up 9.40% from the average estimate. Based on 14 analysts’ estimates, the company’s revenue will be $709.77M in the next fiscal year. The high estimate is $727.21M and the low estimate is $697.85M. The average revenue growth estimate for next year is up 10.00% from the average revenue estimate for this year.
