A new trading day began on Monday, with BlackLine Inc (NASDAQ: BL) stock price down -4.36% from the previous day of trading, before settling in for the closing price of $61.64. BL’s price has ranged from $43.37 to $69.31 over the past 52 weeks.
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A company in the Technology sector has jumped its sales by 19.60% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged 11.43%. With a float of $51.44 million, this company’s outstanding shares have now reached $62.44 million.
In an organization with 1750 employees, it is important to assess its efficiency. 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 and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Software – Application Industry. The insider ownership of BlackLine Inc is 17.68%, while institutional ownership is 88.27%. The most recent insider transaction that took place on Dec 12 ’24, was worth 1,569,892. In this transaction Chief Revenue Officer of this company sold 24,408 shares at a rate of $64.32, taking the stock ownership to the 72,920 shares. Before that another transaction happened on Dec 12 ’24, when Company’s Officer proposed sale 24,408 for $64.32, making the entire transaction worth $1,569,985.
BlackLine Inc (BL) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around 11.43% per share during the next fiscal year.
BlackLine Inc (NASDAQ: BL) Trading Performance Indicators
Here are BlackLine Inc’s current performance indicators. According to the last quarter’s results, the 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 5.76. Likewise, its price to free cash flow for the trailing twelve months is 19.82.
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)
Let’s dig in a bit further. During the last 5-days, its volume was 0.57 million. That was better than the volume of 0.53 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 25.35%. Additionally, its Average True Range was 1.79.
During the past 100 days, BlackLine Inc’s (BL) raw stochastic average was set at 65.54%, which indicates a significant increase from 9.43% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 28.02% in the past 14 days, which was higher than the 27.17% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $60.86, while its 200-day Moving Average is $54.94. However, in the short run, BlackLine Inc’s stock first resistance to watch stands at $60.80. Second resistance stands at $62.66. The third major resistance level sits at $63.90. If the price goes on to break the first support level at $57.70, it is likely to go to the next support level at $56.46. The third support level lies at $54.60 if the price breaches the second support level.
BlackLine Inc (NASDAQ: BL) Key Stats
With a market capitalization of 3.68 billion, the company has a total of 62,486K Shares Outstanding. Currently, annual sales are 590,000 K while annual income is 58,170 K. The company’s previous quarter sales were 165,910 K while its latest quarter income was 14,250 K.
