Blackstone Inc (BX) concluded trading on Wednesday at a closing price of $171.70, with 5.05 million shares of worth about $867.73 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 38.52% during that period and on December 18, 2024 the price saw a loss of about -6.23%. Currently the company’s common shares owned by public are about 730.70M shares, out of which, 714.83M shares are available for trading.
Stock saw a price change of -10.76% in past 5 days and over the past one month there was a price change of -6.18%. Year-to-date (YTD), BX shares are showing a performance of 33.04% which increased to 38.28% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $113.25 but also hit the highest price of $200.96 during that period. The average intraday trading volume for Blackstone Inc shares is 3.20 million. The stock is currently trading -8.80% below its 20-day simple moving average (SMA20), while that difference is down -3.07% for SMA50 and it goes to 20.75% higher than SMA200.
Blackstone Inc (NYSE: BX) currently have 730.70M outstanding shares and institutions hold larger chunk of about 42.48% of that.
The stock has a current market capitalization of $208.25B and its 3Y-monthly beta is at 1.51. PE ratio of stock for trailing 12 months is 59.03, while it has posted earnings per share of $2.91 in the same period. Its PEG reads 2.36 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 2.94% while standing at 2.67% over the month.
Stock’s fiscal year EPS is expected to rise by 10.76% while it is estimated to increase by 32.73% 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 Wells Fargo on December 12, 2024 offering an Equal weight rating for the stock and assigned a target price range of between $188 and $195 to it. Coverage by TD Cowen stated Blackstone Inc (BX) stock as a Buy in their note to investors on December 09, 2024, suggesting a price target of $230 for the stock. On October 09, 2024, Piper Sandler Downgrade their recommendations, while on September 12, 2024, Wells Fargo Initiated their ratings for the stock with a price target of $163. Stock get a Neutral rating from Redburn Atlantic on August 27, 2024.
