Blackstone Inc (BX) concluded trading on Wednesday at a closing price of $123.19, with 5.14 million shares of worth about $633.15 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 18.91% during that period and on April 17, 2024 the price saw a gain of about 1.07%. Currently the company’s common shares owned by public are about 719.36M shares, out of which, 707.07M shares are available for trading.
Stock saw a price change of -2.29% in past 5 days and over the past one month there was a price change of -0.19%. Year-to-date (YTD), BX shares are showing a performance of -5.44% which increased to 43.67% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $78.89 but also hit the highest price of $133.56 during that period. The average intraday trading volume for Blackstone Inc shares is 3.64 million. The stock is currently trading -3.32% below its 20-day simple moving average (SMA20), while that difference is down -2.67% for SMA50 and it goes to 9.58% higher than SMA200.
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Blackstone Inc (NYSE: BX) currently have 719.36M outstanding shares and institutions hold larger chunk of about 41.75% of that.
The stock has a current market capitalization of $149.29B and its 3Y-monthly beta is at 1.50. PE ratio of stock for trailing 12 months is 67.10, while it has posted earnings per share of $1.84 in the same period. Its PEG reads 2.97 while making debt-to-equity ratio of 1.80. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for BX, volatility over the week remained 3.01% while standing at 2.44% over the month.
Analysts are in expectations that Blackstone Inc (BX) stock would likely to be making an EPS of $BlackBerry Limited in the current quarter, while forecast for next quarter EPS is $2.76 and it is $Stocks for next year. For the current quarter EPS, analysts have given the company a lowest target $BP p.l.c. which is $United States Steel Corporation at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $Bloom Energy Corporation in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 23.76% while it is estimated to increase by 24.45% in next year. EPS is likely to grow at an annualized rate of 22.59% for next 5-years, compared to annual growth of -4.02% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by UBS on April 02, 2024 offering a Neutral rating for the stock and assigned a target price range of between $140 and $135 to it. Coverage by Citigroup stated Blackstone Inc (BX) stock as a Neutral in their note to investors on January 19, 2024, suggesting a price target of $124 for the stock. On January 11, 2024, Oppenheimer Downgrade their recommendations, while on January 04, 2024, TD Cowen Initiated their ratings for the stock with a price target of $118. Stock get a Neutral rating from Goldman on January 03, 2024.
