BlackLine Inc (NASDAQ: BL) kicked off on Friday, down -0.44% from the previous trading day, before settling in for the closing price of $59.19. Over the past 52 weeks, BL has traded in a range of $43.37-$69.31.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Technology sector was 21.05%. While this was happening, its average annual earnings per share was recorded 9.01%. With a float of $51.00 million, this company’s outstanding shares have now reached $61.52 million.
Considering the fact that the conglomerate employs 1750 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 75.37%, operating margin of 3.12%, and the pretax margin is 21.23%.
BlackLine Inc (BL) Insider Activity
Our next focus will be how large-scale investors are participating in this stock of the Software – Application Industry. The insider ownership of BlackLine Inc is 17.97%, while institutional ownership is 91.15%. The most recent insider transaction that took place on Oct 18 ’24, was worth 1,626,469. Before that another transaction happened on Oct 09 ’24, when Company’s CHIEF LEGAL AND ADMINISTRATIVE sold 3,927 for $55.19, making the entire transaction worth $216,731. This insider now owns 113,865 shares in total.
BlackLine Inc (BL) Earnings and Forecasts
In the latest quarterly report, which was put into the public domain on 6/30/2024, the organization reported 0.51 earnings per share (EPS), higher than consensus estimate (set at 0.35) by 0.16. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.51 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 9.01% per share during the next fiscal year.
BlackLine Inc (NASDAQ: BL) Trading Performance Indicators
Take a look at BlackLine Inc’s (BL) current performance indicators. Last quarter, stock had a quick ratio of 1.95. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 5.87. Likewise, its price to free cash flow for the trailing twelve months is 22.04.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.68, a number that is poised to hit 0.52 in the next quarter and is forecasted to reach 2.21 in one year’s time.
Technical Analysis of BlackLine Inc (BL)
Compared to the last year’s volume of 0.91 million, its volume of 0.77 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 91.93%. Additionally, its Average True Range was 1.26.
During the past 100 days, BlackLine Inc’s (BL) raw stochastic average was set at 92.35%, which indicates a significant increase from 80.67% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 19.10% in the past 14 days, which was lower than the 30.45% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $52.08, while its 200-day Moving Average is $54.90. Nevertheless, the first resistance level for the watch stands at $59.83 in the near term. At $60.74, the stock is likely to face the second major resistance level. The third major resistance level sits at $61.25. If the price goes on to break the first support level at $58.41, it is likely to go to the next support level at $57.90. Should the price break the second support level, the third support level stands at $56.99.
BlackLine Inc (NASDAQ: BL) Key Stats
The company with the Market Capitalisation of 3.66 billion has total of 61,817K Shares Outstanding. Its annual sales at the moment are 590,000 K in contrast with the sum of 58,170 K annual income. Company’s last quarter sales were recorded 160,510 K and last quarter income was 74,440 K.
