BlackLine Inc [BL] stock prices are up 1.57% to $47.74 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The BL shares have lost -1.93% over the last week, with a monthly amount glided 4.14%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
BlackLine Inc [NASDAQ: BL] stock has seen the most recent analyst activity on April 23, 2024, when Piper Sandler upgraded its rating to a Neutral and also boosted its price target to $62 from $55. On February 14, 2024, downgrade downgraded it’s rating to Mkt Perform. Piper Sandler downgraded its rating to a Underweight and increased its price target to $60 on January 02, 2024. Morgan Stanley initiated its recommendation with a Equal-Weight and recommended $60 as its price target on May 22, 2023. Citigroup upgraded its rating to Neutral for this stock on May 08, 2023. In a note dated January 18, 2023, Citigroup downgraded an Sell rating on this stock and boosted its target price from $58 to $63.
The stock price of BlackLine Inc [BL] has been fluctuating between $43.79 and $69.31 over the past year. Currently, Wall Street analysts expect the stock to reach $104 within the next 12 months. BlackLine Inc [NASDAQ: BL] shares were valued at $47.74 at the most recent close of the market. An investor can expect a potential return of 117.85% based on the average BL price forecast.
Analyzing the BL fundamentals
The BlackLine Inc [NASDAQ:BL] reported sales of 608.47M for trailing twelve months, representing a surge of 13.29%. Gross Profit Margin for this corporation currently stands at 0.75% with Operating Profit Margin at 0.06%, Pretax Profit Margin comes in at 0.14%, and Net Profit Margin reading is 0.12%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.32 and Total Capital is 0.02. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of4.99.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 47.13 points at the first support level, and at 46.52 for the second support level. However, for the 1st resistance point, the stock is sitting at 48.19, and for the 2nd resistance point, it is at 48.64.
Ratios To Look Out For
It’s worth pointing out that BlackLine Inc [NASDAQ:BL]’s Current Ratio is 2.30. Also, the Quick Ratio is 2.30, while the Cash Ratio stands at 0.54. Considering the valuation of this stock, the price to sales ratio is 4.85, the price to book ratio is 10.54 and price to earnings (TTM) ratio is 45.55.
Transactions by insiders
Recent insider trading involved Ryan Owen, CO-CEO, that happened on Jun 11 ’24 when 7552.0 shares were purchased. CHIEF FINANCIAL OFFICER, Partin Mark completed a deal on Jun 04 ’24 to sell 50000.0 shares. Meanwhile, Chief Customer Officer Duan Jimmy C bought 2000.0 shares on May 31 ’24.
