Market Recap: Blackstone Inc (BX)’s Positive Momentum, Closing at 124.68

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The closing price of Blackstone Inc (NYSE: BX) was $124.68 for the day, up 1.45% from the previous closing price of $122.90. In other words, the price has increased by $1.45 from its previous closing price. On the day, 2.63 million shares were traded. BX stock price reached its highest trading level at $125.08 during the session, while it also had its lowest trading level at $122.415.

Ratios:

Our analysis of BX’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 56.41 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 74.21. In the meantime, Its Debt-to-Equity ratio is 1.68 whereas as Long-Term Debt/Eq ratio is at 1.66.

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, UBS on April 02, 2024, Downgraded its rating to Neutral and sets its target price to $135 from $140 previously.

On January 19, 2024, Citigroup Downgraded its rating to Neutral which previously was Buy and also upped its target price recommendation from $116 to $124.

Insider Transactions:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on May 21 ’24 when Blackstone Inc. sold 20,125,000 shares for $16.33 per share. The transaction valued at 328,641,250 led to the insider holds 77,326 shares of the business.

Porat Ruth bought 219 shares of BX for $26,192 on May 06 ’24. The Director now owns 34,445 shares after completing the transaction at $119.48 per share. On May 06 ’24, another insider, Porat Ruth, who serves as the Director of the company, bought 58 shares for $119.95 each. As a result, the insider paid 6,929 and bolstered with 8,406 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, BX now has a Market Capitalization of 148592377856 and an Enterprise Value of 115944144896. As of this moment, Blackstone’s Price-to-Earnings (P/E) ratio for their current fiscal year is 43.97, and their Forward P/E ratio for the next fiscal year is 20.73. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.95. For the stock, the TTM Price-to-Sale (P/S) ratio is 14.57 while its Price-to-Book (P/B) ratio in mrq is 21.81. Its current Enterprise Value per Revenue stands at 11.68.

Stock Price History:

The Beta on a monthly basis for BX is 1.49, which has changed by 0.4193989 over the last 52 weeks, in comparison to a change of 0.2586832 over the same period for the S&P500. Over the past 52 weeks, BX has reached a high of $133.08, while it has fallen to a 52-week low of $85.97. The 50-Day Moving Average of the stock is 2.04%, while the 200-Day Moving Average is calculated to be 6.63%.

Shares Statistics:

BX traded an average of 3.16M shares per day over the past three months and 2566640 shares per day over the past ten days. A total of 719.36M shares are outstanding, with a floating share count of 707.17M. Insiders hold about 41.51% of the company’s shares, while institutions hold 41.44% stake in the company. Shares short for BX as of 1715731200 were 18138156 with a Short Ratio of 5.51, compared to 1713139200 on 20162879. Therefore, it implies a Short% of Shares Outstanding of 18138156 and a Short% of Float of 2.55.

Dividends & Splits

With its trailing 12-month dividend rate of 3.36, BX has a forward annual dividend rate of 1.52. Against a Trailing Annual Dividend Yield of 0.027339298The stock’s 5-year Average Dividend Yield is 3.68.

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