Blackstone Inc (BX) concluded trading on Thursday at a closing price of $152.77, with 3.72 million shares of worth about $568.65 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 20.29% during that period and on September 25, 2024 the price saw a loss of about -3.03%. Currently the company’s common shares owned by public are about 719.36M shares, out of which, 712.76M shares are available for trading.
Stock saw a price change of -1.39% in past 5 days and over the past one month there was a price change of 7.61%. Year-to-date (YTD), BX shares are showing a performance of 18.07% which increased to 40.72% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $87.55 but also hit the highest price of $161.25 during that period. The average intraday trading volume for Blackstone Inc shares is 3.41 million. The stock is currently trading 4.08% above its 20-day simple moving average (SMA20), while that difference is up 8.90% for SMA50 and it goes to 19.81% higher than SMA200.
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Blackstone Inc (NYSE: BX) currently have 719.36M outstanding shares and institutions hold larger chunk of about 41.27% of that.
The stock has a current market capitalization of $186.59B and its 3Y-monthly beta is at 1.50. PE ratio of stock for trailing 12 months is 58.29, while it has posted earnings per share of $2.62 in the same period. Its PEG reads 2.47 while making debt-to-equity ratio of 1.73. 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 2.46% while standing at 2.53% over the month.
Stock’s fiscal year EPS is expected to rise by 15.04% while it is estimated to increase by 29.21% in next year. EPS is likely to grow at an annualized rate of 23.64% 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 Wells Fargo on September 12, 2024 offering an Overweight rating for the stock and assigned a target price of $163 to it. Coverage by Redburn Atlantic stated Blackstone Inc (BX) stock as a Neutral in their note to investors on August 27, 2024, suggesting a price target of $134 for the stock. On April 02, 2024, UBS Downgrade their recommendations, while on January 19, 2024, Citigroup Downgrade their ratings for the stock with a price target of $124. Stock get a Perform rating from Oppenheimer on January 11, 2024.
