Blackstone Secured Lending Fund. (NYSE: BXSL) on Tuesday, plunged -0.50% from the previous trading day, before settling in for the closing price of $30.02. Within the past 52 weeks, BXSL’s price has moved between $25.83 and $32.67.
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A company in the Financial sector has jumped its sales by 224.60% annually for the last half of the decade. The company achieved an average annual earnings per share of 49.90%. With a float of $184.84 million, this company’s outstanding shares have now reached $200.97 million.
In terms of profitability, gross margin is 78.36%, operating margin of 81.41%, and the pretax margin is 63.92%.
Blackstone Secured Lending Fund. (BXSL) Insider Updates
Observing investor behavior towards Asset Management industry stocks is more important than anything else. The insider ownership of Blackstone Secured Lending Fund. is 0.10%, while institutional ownership is 39.80%.
Blackstone Secured Lending Fund. (BXSL) Performance Highlights and Predictions
As on 6/30/2024, Multinational firm has announced its last quarter scores, in which it reported 0.95 earnings per share (EPS) for the period falling under the consensus outlook (set at 0.98) by -0.03. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.88 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 49.90% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will plunge by -7.30% during the next five years compared to 190.80% growth over the previous five years of trading.
Blackstone Secured Lending Fund. (NYSE: BXSL) Trading Performance Indicators
Blackstone Secured Lending Fund. (BXSL) is currently performing well based on its current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 4.92.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.86, a number that is poised to hit 0.89 in the next quarter and is forecasted to reach 3.29 in one year’s time.
Technical Analysis of Blackstone Secured Lending Fund. (BXSL)
Let’s dig in a bit further. During the last 5-days, its volume was 0.72 million. That was inferior than the volume of 0.93 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 62.21%. Additionally, its Average True Range was 0.42.
During the past 100 days, Blackstone Secured Lending Fund.’s (BXSL) raw stochastic average was set at 42.97%, which indicates a significant decrease from 54.43% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 8.72% in the past 14 days, which was lower than the 15.45% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $30.20, while its 200-day Moving Average is $29.99. However, in the short run, Blackstone Secured Lending Fund.’s stock first resistance to watch stands at $30.10. Second resistance stands at $30.34. The third major resistance level sits at $30.56. If the price goes on to break the first support level at $29.64, it is likely to go to the next support level at $29.42. Assuming the price breaks the second support level, the third support level stands at $29.18.
Blackstone Secured Lending Fund. (NYSE: BXSL) Key Stats
Market capitalization of the company is 6.00 billion based on 192,439K outstanding shares. Right now, sales total 1,144 M and income totals 611,950 K. The company made 327,060 K in profit during its latest quarter, and 196,190 K in sales during its previous quarter.
