Blackstone Inc (BX) concluded trading on Thursday at a closing price of $194.01, with 4.4 million shares of worth about $853.53 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 58.51% during that period and on November 21, 2024 the price saw a gain of about 4.85%. Currently the company’s common shares owned by public are about 719.36M shares, out of which, 714.83M shares are available for trading.
Stock saw a price change of 7.06% in past 5 days and over the past one month there was a price change of 16.53%. Year-to-date (YTD), BX shares are showing a performance of 50.33% which increased to 86.06% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $103.97 but also hit the highest price of $187.12 during that period. The average intraday trading volume for Blackstone Inc shares is 3.14 million. The stock is currently trading 9.73% above its 20-day simple moving average (SMA20), while that difference is up 17.84% for SMA50 and it goes to 42.03% higher than SMA200.
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Blackstone Inc (NYSE: BX) currently have 719.36M outstanding shares and institutions hold larger chunk of about 42.45% of that.
The stock has a current market capitalization of $235.31B and its 3Y-monthly beta is at 1.50. PE ratio of stock for trailing 12 months is 66.70, while it has posted earnings per share of $2.91 in the same period. Its PEG reads 2.67 while making debt-to-equity ratio of 1.70. 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 2.87% while standing at 2.26% over the month.
Stock’s fiscal year EPS is expected to rise by 10.45% while it is estimated to increase by 33.04% in next year. EPS is likely to grow at an annualized rate of 24.97% 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 Piper Sandler on October 09, 2024 offering a Neutral rating for the stock and assigned a target price of $149 to it. Coverage by Wells Fargo stated Blackstone Inc (BX) stock as an Overweight in their note to investors on September 12, 2024, suggesting a price target of $163 for the stock. On August 27, 2024, Redburn Atlantic Initiated their recommendations, while on April 02, 2024, UBS Downgrade their ratings for the stock with a price target of $135. Stock get a Neutral rating from Citigroup on January 19, 2024.
