BlackLine Inc (NASDAQ: BL) kicked off on Tuesday, down -0.45% from the previous trading day, before settling in for the closing price of $57.96. Over the past 52 weeks, BL has traded in a range of $43.37-$69.31.
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It was noted that within the last five years, the titan of the Technology sector saw sales topped by 21.05%. While this was happening, its average annual earnings per share was recorded 11.42%. With a float of $51.26 million, this company’s outstanding shares have now reached $61.52 million.
The extent of productivity of a business whose workforce counts for 1750 workers is very important to gauge. In terms of profitability, gross margin is 75.28%, operating margin of 4.52%, and the pretax margin is 21.54%.
BlackLine Inc (BL) Insider Updates
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 88.19%. The most recent insider transaction that took place on Nov 08 ’24, was worth 3,035,762. In this transaction CHIEF LEGAL AND ADMINISTRATIVE of this company sold 50,181 shares at a rate of $60.50, taking the stock ownership to the 113,865 shares. Before that another transaction happened on Nov 11 ’24, when Company’s Director sold 3,220 for $62.08, making the entire transaction worth $199,902. This insider now owns 9,500 shares in total.
BlackLine Inc (BL) Performance Highlights and Predictions
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
Take a look at BlackLine Inc’s (BL) current performance indicators. Last quarter, stock had a quick ratio of 2.69. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 5.64. Likewise, its price to free cash flow for the trailing twelve months is 19.40.
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)
The latest stats from [BlackLine Inc, BL] show that its last 5-days average volume of 0.65 million was inferior to 0.88 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 21.74%. Additionally, its Average True Range was 1.85.
During the past 100 days, BlackLine Inc’s (BL) raw stochastic average was set at 72.60%, which indicates a significant increase from 34.34% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 35.43% in the past 14 days, which was higher than the 31.79% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $55.56, while its 200-day Moving Average is $54.79. Now, the first resistance to watch is $59.13. This is followed by the second major resistance level at $60.56. The third major resistance level sits at $61.45. If the price goes on to break the first support level at $56.82, it is likely to go to the next support level at $55.93. Assuming the price breaks the second support level, the third support level stands at $54.50.
BlackLine Inc (NASDAQ: BL) Key Stats
The company with the Market Capitalisation of 3.61 billion has total of 62,486K 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 165,910 K and last quarter income was 14,250 K.
