BlackLine Inc [BL] stock prices are up 3.61% to $52.29 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The BL shares have gain 0.73% over the last week, with a monthly amount glided 4.68%, 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 $43.37 and $69.31 over the past year. Currently, Wall Street analysts expect the stock to reach $96.83 within the next 12 months. BlackLine Inc [NASDAQ: BL] shares were valued at $52.29 at the most recent close of the market. An investor can expect a potential return of 85.18% based on the average BL price forecast.
Analyzing the BL fundamentals
The BlackLine Inc [NASDAQ:BL] reported sales of 624.40M for trailing twelve months, representing a surge of 11.02%. 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 0.02. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of3.52.
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 50.95 points at the first support level, and at 49.62 for the second support level. However, for the 1st resistance point, the stock is sitting at 53.11, and for the 2nd resistance point, it is at 53.93.
Ratios To Look Out For
It’s worth pointing out that BlackLine Inc [NASDAQ:BL]’s Current Ratio is 1.95. In addition, the Quick Ratio stands at 1.95 and the Cash Ratio stands at 1.0. Considering the valuation of this stock, the price to sales ratio is 5.21, the price to book ratio is 9.98 and price to earnings (TTM) ratio is 31.20.
Transactions by insiders
Recent insider trading involved Woodhams Mark, Chief Revenue Officer, that happened on Aug 21 ’24 when 1387.0 shares were sold. Officer, Woodhams Mark completed a deal on Aug 21 ’24 to buy 1387.0 shares. Meanwhile, Director Whye Barbara sold 5378.0 shares on Aug 13 ’24.
