BlackLine Inc (NASDAQ: BL) on Monday, soared 3.56% from the previous trading day, before settling in for the closing price of $60.37. Within the past 52 weeks, BL’s price has moved between $43.37 and $69.31.
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Technology Sector giant saw their annual sales surged by 21.05% over the last five years. The company achieved an average annual earnings per share of 11.42%. With a float of $51.00 million, this company’s outstanding shares have now reached $61.52 million.
The firm has a total of 1750 workers. Let’s measure their productivity. In terms of profitability, gross margin is 75.28%, operating margin of 4.52%, and the pretax margin is 21.54%.
BlackLine Inc (BL) Breakdown of a Key Holders of the stock
Observing investor behavior towards Software – Application industry stocks is more important than anything else. The insider ownership of BlackLine Inc is 17.97%, while institutional ownership is 92.68%. The most recent insider transaction that took place on Nov 08 ’24, was worth 3,035,820. Before that another transaction happened on Oct 18 ’24, when Company’s CHIEF LEGAL AND ADMINISTRATIVE sold 27,079 for $60.06, making the entire transaction worth $1,626,365. This insider now owns 113,865 shares in total.
BlackLine Inc (BL) Recent Fiscal highlights
According to the Wall Street analysts, stocks earnings will be around 11.42% per share during the next fiscal year.
BlackLine Inc (NASDAQ: BL) Trading Performance Indicators
BlackLine Inc (BL) is currently performing well based on its current performance indicators. A quick ratio of 2.69 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 6.17. Likewise, its price to free cash flow for the trailing twelve months is 21.24.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.74, a number that is poised to hit 0.50 in the next quarter and is forecasted to reach 2.27 in one year’s time.
Technical Analysis of BlackLine Inc (BL)
Analysing the last 5-days average volume posted by the [BlackLine Inc, BL], we can find that recorded value of 1.08 million was better than the volume posted last year of 0.89 million. As of the previous 9 days, the stock’s Stochastic %D was 94.13%. Additionally, its Average True Range was 1.60.
During the past 100 days, BlackLine Inc’s (BL) raw stochastic average was set at 99.64%, which indicates a significant increase from 99.09% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 28.69% in the past 14 days, which was lower than the 31.37% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $54.17, while its 200-day Moving Average is $54.80. Now, the first resistance to watch is $63.31. This is followed by the second major resistance level at $64.11. The third major resistance level sits at $65.63. If the price goes on to break the first support level at $61.00, it is likely to go to the next support level at $59.48. Now, if the price goes above the second support level, the third support stands at $58.69.
BlackLine Inc (NASDAQ: BL) Key Stats
Market capitalization of the company is 3.95 billion based on 62,175K outstanding shares. Right now, sales total 590,000 K and income totals 58,170 K. The company made 160,510 K in profit during its latest quarter, and 74,440 K in sales during its previous quarter.
