A share price of BlackLine Inc [BL] is currently trading at $49.33, up 11.88%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The BL shares have gain 3.81% over the last week, with a monthly amount glided 4.49%, 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.
BlackLine Inc experienced fluctuations in its stock price throughout the past year between $43.37 and $69.31. Currently, Wall Street analysts expect the stock to reach $96.83 within the next 12 months. BlackLine Inc [NASDAQ: BL] shares were valued at $49.33 at the most recent close of the market. An investor can expect a potential return of 96.29% based on the average BL price forecast.
Analyzing the BL fundamentals
Trailing Twelve Months sales for BlackLine Inc [NASDAQ:BL] were 624.40M which represents 11.02% growth. Gross Profit Margin for this corporation currently stands at 0.75% with Operating Profit Margin at 0.03%, Pretax Profit Margin comes in at 0.21%, and Net Profit Margin reading is 0.19%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.45 and Total Capital is 0.01. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of3.56.
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 47.83 points at the first support level, and at 46.34 for the second support level. However, for the 1st resistance point, the stock is sitting at 50.65, and for the 2nd resistance point, it is at 51.98.
Ratios To Look Out For
To put it in perspective, the Current Ratio for BlackLine Inc [NASDAQ:BL] is 1.95. As well, the Quick Ratio is 2.30, while the Cash Ratio is 1.0. Considering the valuation of this stock, the price to sales ratio is 4.88, the price to book ratio is 10.89 and price to earnings (TTM) ratio is 58.84.
Transactions by insiders
Recent insider trading involved Morgan-Prager Karole, Officer, that happened on Aug 07 ’24 when 10000.0 shares were purchased. CO-CEO, Ryan Owen completed a deal on Jun 11 ’24 to buy 7552.0 shares. Meanwhile, CHIEF FINANCIAL OFFICER Partin Mark sold 50000.0 shares on Jun 04 ’24.
