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BlackLine Inc (NASDAQ: BL) closed the day trading at $60.37 down -1.36% from the previous closing price of $61.20. In other words, the price has decreased by -$1.36 from its previous closing price. On the day, 0.49 million shares were traded. BL stock price reached its highest trading level at $60.955 during the session, while it also had its lowest trading level at $59.545.
Ratios:
For a better understanding of BL, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 4.37 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 19.88. For the most recent quarter (mrq), Quick Ratio is recorded 2.69 and its Current Ratio is at 2.69. In the meantime, Its Debt-to-Equity ratio is 2.49 whereas as Long-Term Debt/Eq ratio is at 2.48.
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, Morgan Stanley on September 30, 2024, Upgraded its rating to Overweight and sets its target price to $70 from $60 previously.
On April 23, 2024, Piper Sandler Upgraded its rating to Neutral which previously was Underweight and also upped its target price recommendation from $55 to $62.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Dec 12 ’24 when Woodhams Mark sold 24,408 shares for $64.32 per share. The transaction valued at 1,569,892 led to the insider holds 72,920 shares of the business.
Woodhams Mark bought 24,408 shares of BL for $1,569,985 on Dec 12 ’24. On Nov 08 ’24, another insider, Morgan-Prager Karole, who serves as the CHIEF LEGAL AND ADMINISTRATIVE of the company, sold 50,181 shares for $60.50 each. As a result, the insider received 3,035,762 and left with 113,865 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 3772249600 and an Enterprise Value of 3873212928. As of this moment, BlackLine’s Price-to-Earnings (P/E) ratio for their current fiscal year is 34.62, and their Forward P/E ratio for the next fiscal year is 26.65. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 8.13. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.78 while its Price-to-Book (P/B) ratio in mrq is 10.25. Its current Enterprise Value per Revenue stands at 6.056 whereas that against EBITDA is 64.317.
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 $43.37. The 50-Day Moving Average of the stock is -0.44%, while the 200-Day Moving Average is calculated to be 9.72%.
Shares Statistics:
Over the past 3-months, BL traded about 620.36K shares per day on average, while over the past 10 days, BL traded about 543640 shares per day. A total of 62.44M shares are outstanding, with a floating share count of 51.44M. Insiders hold about 17.68% of the company’s shares, while institutions hold 88.25% stake in the company. Shares short for BL as of 1734048000 were 4710318 with a Short Ratio of 7.59, compared to 1731628800 on 4885951. Therefore, it implies a Short% of Shares Outstanding of 4710318 and a Short% of Float of 9.22.
