The Short-term Rise and Fall of Blackstone Secured Lending Fund. (BXSL) Stock

At the time of writing, Blackstone Secured Lending Fund. [BXSL] stock is trading at $31.31, up 1.36%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The BXSL shares have gain 4.96% over the last week, with a monthly amount glided 2.99%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Blackstone Secured Lending Fund. [NYSE: BXSL] stock has seen the most recent analyst activity on March 25, 2024, when BofA Securities upgraded its rating to a Buy. Previously, Raymond James downgraded its rating to Mkt Perform on February 29, 2024. On October 23, 2023, upgrade upgraded it’s rating to Overweight and revised its price target to $28.50 on the stock. Truist started tracking the stock assigning a Buy rating and suggested a price target of $29 on October 10, 2023. Janney upgraded its rating to a Buy and raised its price target to $27 on November 11, 2022. Compass Point upgraded its rating to Buy for this stock on July 12, 2022. In a note dated May 13, 2022, Raymond James upgraded an Outperform rating on this stock but restated the target price of $26.

For the past year, the stock price of Blackstone Secured Lending Fund. fluctuated between $26.44 and $32.67. Currently, Wall Street analysts expect the stock to reach $27.75 within the next 12 months. Blackstone Secured Lending Fund. [NYSE: BXSL] shares were valued at $31.31 at the most recent close of the market. An investor can expect a potential drop of -11.37% based on the average BXSL price forecast.

Analyzing the BXSL fundamentals

According to Blackstone Secured Lending Fund. [NYSE:BXSL], the company’s sales were 1.22B for trailing twelve months, which represents an 12.60% jump. Gross Profit Margin for this corporation currently stands at 0.78% with Operating Profit Margin at 0.81%, Pretax Profit Margin comes in at 0.64%, and Net Profit Margin reading is 0.63%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.14 and Total Capital is 0.08. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.13.

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 30.99 points at the first support level, and at 30.68 for the second support level. However, for the 1st resistance point, the stock is sitting at 31.55, and for the 2nd resistance point, it is at 31.79.

Ratios To Look Out For

Considering the valuation of this stock, the price to sales ratio is 5.16, the price to book ratio is 1.15 and price to earnings (TTM) ratio is 8.09.

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