Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
As of close of business last night, BlackLine Inc’s stock clocked out at $59.93, down -2.49% from its previous closing price of $61.46. In other words, the price has decreased by -$2.49 from its previous closing price. On the day, 0.55 million shares were traded. BL stock price reached its highest trading level at $61.65 during the session, while it also had its lowest trading level at $59.2201.
Ratios:
To gain a deeper understanding of BL’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 3.06 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 30.56. 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.
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:
Investing in insider trades can also provide an investor with insight into how management views future 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 3798381312 and an Enterprise Value of 3922960128. As of this moment, BlackLine’s Price-to-Earnings (P/E) ratio for their current fiscal year is 85.61, and their Forward P/E ratio for the next fiscal year is 27.82. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.59. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.25 while its Price-to-Book (P/B) ratio in mrq is 14.13. Its current Enterprise Value per Revenue stands at 6.649 whereas that against EBITDA is 168.802.
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 -3.30%, while the 200-Day Moving Average is calculated to be 3.72%.
Shares Statistics:
It appears that BL traded 1.01M shares on average per day over the past three months and 659310 shares per day over the past ten days. A total of 61.52M shares are outstanding, with a floating share count of 50.59M. Insiders hold about 17.76% of the company’s shares, while institutions hold 83.06% stake in the company. Shares short for BL as of 1711584000 were 4219467 with a Short Ratio of 4.19, compared to 1709164800 on 2323783. Therefore, it implies a Short% of Shares Outstanding of 4219467 and a Short% of Float of 8.37.
Earnings Estimates
The company has 14.0 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 14.0 analysts recommending between $2.33 and $1.98.
Revenue Estimates
In the current quarter, 13 analysts expect revenue to total $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 $138.98MFor the next quarter, 13 analysts are estimating revenue of $158.54M. 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 $590MBased on 14 analysts’ estimates, the company’s revenue will be $710.13M in the next fiscal year. The high estimate is $727.21M and the low estimate is $697.85M.
