Bluelinx Hldgs Inc [BXC] stock is trading at $106.72, down -0.22%. 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 BXC shares have gain 11.07% over the last week, with a monthly amount drifted -9.19%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Bluelinx Hldgs Inc [NYSE: BXC] stock has seen the most recent analyst activity on July 25, 2022, when Seaport Research Partners initiated its Buy rating and assigned the stock a price target of $100. Previously, DA Davidson started tracking the stock with Buy rating on December 17, 2021, and set its price target to $102. On November 04, 2021, upgrade upgraded it’s rating to Buy and revised its price target to $75 on the stock. Loop Capital started tracking the stock assigning a Hold rating and suggested a price target of $45 on July 23, 2021. The Benchmark Company initiated its recommendation with a Buy and recommended $61 as its price target on February 12, 2021. Craig Hallum started tracking with a Buy rating for this stock on January 05, 2021, and assigned it a price target of $51. In a note dated August 04, 2020, B. Riley FBR upgraded an Buy rating on this stock and boosted its target price from $9 to $19.
Bluelinx Hldgs Inc [BXC] stock has fluctuated between $87.67 and $134.79 over the past year. Currently, Wall Street analysts expect the stock to reach $135 within the next 12 months. Bluelinx Hldgs Inc [NYSE: BXC] shares were valued at $106.72 at the most recent close of the market. An investor can expect a potential return of 26.5% based on the average BXC price forecast.
Analyzing the BXC fundamentals
Bluelinx Hldgs Inc [NYSE:BXC] reported sales of 2.95B for the trailing twelve months, which represents a drop of -7.74%. Gross Profit Margin for this corporation currently stands at 0.16% with Operating Profit Margin at 0.03%, Pretax Profit Margin comes in at 0.02%, and Net Profit Margin reading is 0.01%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.05 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 0.97.
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 105.27 points at the first support level, and at 103.82 for the second support level. However, for the 1st resistance point, the stock is sitting at 108.75, and for the 2nd resistance point, it is at 110.77.
Ratios To Look Out For
For context, Bluelinx Hldgs Inc’s Current Ratio is 4.58. Further, the Quick Ratio stands at 3.26, while the Cash Ratio is 2.04. Considering the valuation of this stock, the price to sales ratio is 0.30, the price to book ratio is 1.37 and price to earnings (TTM) ratio is 30.96.
Transactions by insiders
Recent insider trading involved Lewis Mitchell B, Director, that happened on Mar 15 ’24 when 5352.0 shares were sold. Director, Lewis Mitchell B completed a deal on Mar 11 ’24 to sell 2904.0 shares. Meanwhile, Director Lewis Mitchell B sold 1946.0 shares on Mar 12 ’24.
