BlackLine Inc (BL) concluded trading on Wednesday at a closing price of $51.94, with 4.32 million shares of worth about $224.19 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 1.71% during that period and on February 12, 2025 the price saw a loss of about -18.08%. Currently the company’s common shares owned by public are about 62.49M shares, out of which, 51.05M shares are available for trading.
Stock saw a price change of -20.88% in past 5 days and over the past one month there was a price change of -7.95%. Year-to-date (YTD), BL shares are showing a performance of -14.52% which decreased to -16.15% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $43.37 but also hit the highest price of $69.31 during that period. The average intraday trading volume for BlackLine Inc shares is 575.28K. The stock is currently trading -16.25% below its 20-day simple moving average (SMA20), while that difference is down -16.01% for SMA50 and it goes to -5.22% lower than SMA200.
BlackLine Inc (NASDAQ: BL) currently have 62.49M outstanding shares and institutions hold larger chunk of about 90.48% of that.
The stock has a current market capitalization of $3.25B and its 3Y-monthly beta is at 0.99. PE ratio of stock for trailing 12 months is 23.30, while it has posted earnings per share of $2.23 in the same period. Its PEG reads 3.21 and has Quick Ratio of 2.69 while making debt-to-equity ratio of 2.05. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for BL, volatility over the week remained 3.51% while standing at 3.25% over the month.
Stock’s fiscal year EPS is expected to drop by -5.27% while it is estimated to increase by 10.79% in next year.
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 BofA Securities on January 30, 2025 offering a Buy rating for the stock and assigned a target price range of between $50 and $75 to it. Coverage by Citigroup stated BlackLine Inc (BL) stock as a Buy in their note to investors on January 16, 2025, suggesting a price target of $73 for the stock. On January 06, 2025, Piper Sandler Downgrade their recommendations, while on September 30, 2024, Morgan Stanley Upgrade their ratings for the stock with a price target of $70. Stock get a Neutral rating from Piper Sandler on April 23, 2024.
