Witnessing the stock’s movement on the chart, on Wednesday, BlackLine Inc (NASDAQ: BL) set off with pace as it heaved 4.72% to $58.63, before settling in for the price of $55.99 at the close. Taking a more long-term approach, BL posted a 52-week range of $43.37-$69.31.
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It was noted that the giant of the Technology sector posted annual sales growth of 21.05% over the last 5 years. Nevertheless, stock’s Earnings Per Share (EPS) this year is 9.01%. This publicly-traded company’s shares outstanding now amounts to $61.52 million, simultaneously with a float of $51.00 million. The organization now has a market capitalization sitting at $3.65 billion. At the time of writing, stock’s 50-day Moving Average stood at $53.49, while the 200-day Moving Average is $54.79.
BlackLine Inc (BL) Ownership Facts and Figures
Nothing is more important than checking the behaviour of major investors towards the stock of the Software – Application industry. BlackLine Inc’s current insider ownership accounts for 17.97%, in contrast to 92.04% institutional ownership. According to the most recent insider trade that took place on Oct 18 ’24, this organization’s CHIEF LEGAL AND ADMINISTRATIVE sold 27,079 shares at the rate of 60.06, making the entire transaction reach 1,626,365 in total value, affecting insider ownership by 113,865.
BlackLine Inc (BL) Earnings and Revenue Records
BlackLine Inc’s EPS increase for this current 12-month fiscal period is 9.01% and is forecasted to reach 2.21 in the upcoming year.
BlackLine Inc (NASDAQ: BL) Trading Performance Indicators
Let’s observe the current performance indicators for BlackLine Inc (BL). It’s Quick Ratio in the last reported quarter now stands at 1.95. The Stock has managed to achieve an average true range (ATR) of 1.40. Alongside those numbers, its PE Ratio stands at $34.98, and its Beta score is 0.88. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 5.84. Similarly, its price to free cash flow for trailing twelve months is now 21.93.
In the same vein, BL’s Diluted EPS (Earnings per Share) trailing twelve months is recorded 1.68, a figure that is expected to reach 0.52 in the next quarter, and analysts are predicting that it will be 2.21 at the market close of one year from today.
Technical Analysis of BlackLine Inc (BL)
Going through the that latest performance of [BlackLine Inc, BL]. Its last 5-days volume of 0.57 million was inferior to the volume of 0.88 million it revealed a year ago. During the previous 9 days, stock’s Stochastic %D was recorded 42.81% While, its Average True Range was 1.46.
Raw Stochastic average of BlackLine Inc (BL) in the period of the previous 100 days is set at 90.56%, which indicates a major rise in contrast to 70.28% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 28.73% that was lower than 31.39% volatility it exhibited in the past 100-days period.
