Those aspiring to outpace the market meticulously engage in the process of selecting individual stocks. Strategic choices can be instrumental in accelerating your wealth.
As of close of business last night, Blackstone Secured Lending Fund’s stock clocked out at $31.73, down -1.67% from its previous closing price of $32.27. In other words, the price has decreased by -$1.67 from its previous closing price. On the day, 1.57 million shares were traded. BXSL stock price reached its highest trading level at $32.19 during the session, while it also had its lowest trading level at $31.55.
Ratios:
To gain a deeper understanding of BXSL’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 39.30 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 13.27. In the meantime, Its Debt-to-Equity ratio is 0.99 whereas as Long-Term Debt/Eq ratio is at 0.99.
JP Morgan Upgraded its Neutral to Overweight on October 23, 2023, whereas the target price for the stock was revised from $28 to $28.50.
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 May 26 ’23 when Whitaker Carlos bought 3,895 shares for $25.68 per share. The transaction valued at 100,024 led to the insider holds 3,895 shares of the business.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, BXSL now has a Market Capitalization of 6088161792. As of this moment, Blackstone’s Price-to-Earnings (P/E) ratio for their current fiscal year is 8.69, and their Forward P/E ratio for the next fiscal year is 9.45. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.32 while its Price-to-Book (P/B) ratio in mrq is 1.15.
Stock Price History:
Over the past 52 weeks, BXSL has reached a high of $32.67, while it has fallen to a 52-week low of $25.00. The 50-Day Moving Average of the stock is 2.61%, while the 200-Day Moving Average is calculated to be 10.68%.
Shares Statistics:
It appears that BXSL traded 850.37K shares on average per day over the past three months and 826490 shares per day over the past ten days. A total of 191.87M shares are outstanding, with a floating share count of 175.74M. Insiders hold about 0.10% of the company’s shares, while institutions hold 39.80% stake in the company. Shares short for BXSL as of 1695945600 were 392020 with a Short Ratio of 2.06, compared to 1693440000 on 304056. Therefore, it implies a Short% of Shares Outstanding of 392020 and a Short% of Float of 0.22999999999999998.
