Financial Fitness Check: Examining BlackLine Inc (BL)’s Key Ratios

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In the latest session, BlackLine Inc (NASDAQ: BL) closed at $45.42 down -1.39% from its previous closing price of $46.06. In other words, the price has decreased by -$1.39 from its previous closing price. On the day, 1.24 million shares were traded. BL stock price reached its highest trading level at $46.63 during the session, while it also had its lowest trading level at $44.59.

Ratios:

For a deeper understanding of BlackLine Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 2.26 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 18.77. 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:

Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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 2807746304 and an Enterprise Value of 3008136704. As of this moment, BlackLine’s Price-to-Earnings (P/E) ratio for their current fiscal year is 43.34, and their Forward P/E ratio for the next fiscal year is 20.29. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.31. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.61 while its Price-to-Book (P/B) ratio in mrq is 10.03. Its current Enterprise Value per Revenue stands at 4.944 whereas that against EBITDA is 81.064.

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 $44.92. The 50-Day Moving Average of the stock is -19.60%, while the 200-Day Moving Average is calculated to be -21.38%.

Shares Statistics:

For the past three months, BL has traded an average of 1.12M shares per day and 999650 over the past ten days. A total of 61.52M shares are outstanding, with a floating share count of 50.64M. Insiders hold about 18.07% of the company’s shares, while institutions hold 91.98% stake in the company. Shares short for BL as of 1715731200 were 2686824 with a Short Ratio of 3.89, compared to 1713139200 on 4020816. Therefore, it implies a Short% of Shares Outstanding of 2686824 and a Short% of Float of 5.33.

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