The Blackstone Group Inc. (NYSE:BX) shares traded lower over the last trading session, losing -0.51% on 04/06/21. The shares fell to a low of $74.36 before closing at $74.62. Intraday shares traded counted 1.85 million, which was 34.51% higher than its 30-day average trading volume of 2.83M. BX’s previous close was $75.00 while the outstanding shares total 702.58M. The firm has a beta of 1.30, a 12-month trailing P/E ratio of 68.15, and a growth ratio of 4.46. The stock’s Relative Strength Index (RSI) is 59.51, with weekly volatility at 1.12% and ATR at 1.75. The BX stock’s 52-week price range has touched low of $43.61 and a $76.25 high.
Investors have identified the Asset Management company The Blackstone Group Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $88.76 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Having a look at the company’s valuation, the company is expected to record 3.59 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on BX sounds very interesting.
Is the stock of BX attractive?
In related news, 10% Owner, Blackstone Group Inc sold 2,370,632 shares of the company’s stock in a transaction that recorded on Mar 24. The sale was performed at an average price of 37.00, for a total value of 87,713,384. As the sale deal closes, the 10% Owner, Blackstone BDC Holdings LLC now bought 997,940 shares of the company’s stock, valued at 24,948,500. Also, 10% Owner, Blackstone Holdings III L.P. bought 42,425 shares of the company’s stock in a deal that was recorded on Jan 04. The shares were price at an average price of 34.93 per share, with a total market value of 1,481,905. Following this completion of acquisition, the 10% Owner, Blackstone Holdings III L.P. now holds 71,532 shares of the company’s stock, valued at 2,500,605. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.60%.
13 out of 19 analysts covering the stock have rated it a Buy, while 6 have maintained a Hold recommendation on The Blackstone Group Inc.. 0 analysts has assigned a Sell rating on the BX stock. The 12-month mean consensus price target for the company’s shares has been set at $75.10.