At the time of writing, BlackLine Inc [BL] stock is trading at $62.39, up 2.03%. 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 6.41% over the last week, with a monthly amount glided 8.28%, 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 September 30, 2024, when Morgan Stanley upgraded its rating to a Overweight and also boosted its price target to $70 from $60. Previously, Piper Sandler upgraded its rating to Neutral on April 23, 2024, and elevated its price target to $62. On March 18, 2024, Wolfe Research initiated with a Peer Perform rating. William Blair downgraded its rating to a Mkt Perform. Piper Sandler downgraded its rating to a Underweight and raised its price target to $60 on January 02, 2024. Morgan Stanley started tracking with a Equal-Weight rating for this stock on May 22, 2023, and assigned it a price target of $60. In a note dated May 08, 2023, Citigroup upgraded an Neutral rating on this stock.
For the past year, the stock price of BlackLine Inc fluctuated between $43.37 and $69.31. Currently, Wall Street analysts expect the stock to reach $88.5 within the next 12 months. BlackLine Inc [NASDAQ: BL] shares were valued at $62.39 at the most recent close of the market. An investor can expect a potential return of 41.85% based on the average BL price forecast.
Analyzing the BL fundamentals
According to BlackLine Inc [NASDAQ:BL], the company’s sales were 639.61M for trailing twelve months, which represents an 10.09% jump. Gross Profit Margin for this corporation currently stands at 0.75% with Operating Profit Margin at 0.05%, Pretax Profit Margin comes in at 0.22%, and Net Profit Margin reading is 0.2%. To continue investigating profitability, this company’s Return on Assets is posted at 0.07, Equity is 0.41 and Total Capital is 0.02. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2.49.
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 60.73 points at the first support level, and at 59.06 for the second support level. However, for the 1st resistance point, the stock is sitting at 63.58, and for the 2nd resistance point, it is at 64.76.
Ratios To Look Out For
It is important to note that BlackLine Inc [NASDAQ:BL] has a current ratio of 2.69. As well, the Quick Ratio is 2.69, while the Cash Ratio is 1.92. Considering the valuation of this stock, the price to sales ratio is 6.10, the price to book ratio is 10.59 and price to earnings (TTM) ratio is 35.78.
Transactions by insiders
Recent insider trading involved Morgan-Prager Karole, CHIEF LEGAL AND ADMINISTRATIVE, that happened on Nov 08 ’24 when 50181.0 shares were sold. Director, Yamamoto Mika completed a deal on Nov 11 ’24 to sell 3220.0 shares. Meanwhile, Director Yamamoto Mika bought 3220.0 shares on Nov 11 ’24.
