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In the latest session, BlackLine Inc (NASDAQ: BL) closed at $58.99 down -0.87% from its previous closing price of $59.51. In other words, the price has decreased by -$0.87 from its previous closing price. On the day, 0.83 million shares were traded. BL stock price reached its highest trading level at $59.865 during the session, while it also had its lowest trading level at $58.47.
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 2.93 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 24.37. 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 May 01 ’24 when Woodhams Mark sold 2,877 shares for $58.00 per share. The transaction valued at 166,866 led to the insider holds 104,682 shares of the business.
THOMPSON KEVIN B sold 4,500 shares of BL for $258,750 on Feb 29 ’24. The Director now owns 11,000 shares after completing the transaction at $57.50 per share. On Feb 21 ’24, another insider, Woodhams Mark, who serves as the CHIEF REVENUE OFFICER of the company, sold 3,208 shares for $56.15 each. As a result, the insider received 180,129 and left with 77,901 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 3645729536 and an Enterprise Value of 3868764928. As of this moment, BlackLine’s Price-to-Earnings (P/E) ratio for their current fiscal year is 56.28, and their Forward P/E ratio for the next fiscal year is 26.35. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.70. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.99 while its Price-to-Book (P/B) ratio in mrq is 13.03. Its current Enterprise Value per Revenue stands at 6.358 whereas that against EBITDA is 105.43.
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 -5.45%, while the 200-Day Moving Average is calculated to be 1.72%.
Shares Statistics:
For the past three months, BL has traded an average of 1.06M shares per day and 752860 over the past ten days. A total of 61.52M shares are outstanding, with a floating share count of 50.72M. Insiders hold about 17.93% of the company’s shares, while institutions hold 82.57% stake in the company. Shares short for BL as of 1713139200 were 4020816 with a Short Ratio of 3.80, compared to 1710460800 on 3837361. Therefore, it implies a Short% of Shares Outstanding of 4020816 and a Short% of Float of 7.969999999999999.
