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As of close of business last night, BlackLine Inc’s stock clocked out at $51.79, down -0.38% from its previous closing price of $51.99. In other words, the price has decreased by -$0.38 from its previous closing price. On the day, 0.7 million shares were traded. BL stock price reached its highest trading level at $52.79 during the session, while it also had its lowest trading level at $51.38.
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 3.08 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 19.37. For the most recent quarter (mrq), Quick Ratio is recorded 1.95 and its Current Ratio is at 1.95. In the meantime, Its Debt-to-Equity ratio is 3.56 whereas as Long-Term Debt/Eq ratio is at 2.78.
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 Aug 13 ’24 when Whye Barbara sold 5,378 shares for $52.01 per share. The transaction valued at 279,710 led to the insider holds 6,777 shares of the business.
Whye Barbara bought 5,378 shares of BL for $279,710 on Aug 13 ’24. On Aug 07 ’24, another insider, Morgan-Prager Karole, who serves as the CHIEF LEGAL AND ADMINISTRATIVE of the company, sold 10,000 shares for $50.00 each. As a result, the insider received 500,000 and left with 115,424 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 3220048384 and an Enterprise Value of 3379257600. As of this moment, BlackLine’s Price-to-Earnings (P/E) ratio for their current fiscal year is 30.90, and their Forward P/E ratio for the next fiscal year is 23.80. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.93. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.16 while its Price-to-Book (P/B) ratio in mrq is 9.88. Its current Enterprise Value per Revenue stands at 5.412 whereas that against EBITDA is 70.557.
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 $43.37. The 50-Day Moving Average of the stock is 9.19%, while the 200-Day Moving Average is calculated to be -7.85%.
Shares Statistics:
It appears that BL traded 1.11M shares on average per day over the past three months and 1070310 shares per day over the past ten days. A total of 61.52M shares are outstanding, with a floating share count of 50.93M. Insiders hold about 18.09% of the company’s shares, while institutions hold 91.25% stake in the company. Shares short for BL as of 1722384000 were 4691725 with a Short Ratio of 4.22, compared to 1719532800 on 4639500. Therefore, it implies a Short% of Shares Outstanding of 4691725 and a Short% of Float of 9.24.
