BofA Securities has recently raised Blackstone Secured Lending Fund (BXSL) stock to Buy rating, as announced on March 25, 2024, according to Finviz. Earlier, on February 29, 2024, Raymond James had reduced the stock from a Outper form to Mkt Per form. JP Morgan also raised Overweight rating with a price target of $28.50. Additionally, Truist initiated Buy rating on October 10, 2023, with a target price of $29. Janney analysts, in their report published on November 11, 2022, also raised Buy rating and set a price target of $27 for Blackstone Secured Lending Fund’s stock. Analyst ratings are significant because they provide insights into stock per formance expectations, influencing investor decisions and market sentiment.
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Blackstone Secured Lending Fund (BXSL) Stock Trading Recap
On Tuesday, Blackstone Secured Lending Fund (BXSL) stock saw a modest uptick, ending the day at $30.67 which represents a slight increase of $0.23 or 0.76% from the prior close of $30.44. The stock opened at $30.55 and touched a low of $30.5 during the day, reaching a high of $30.76. The volume of shares traded was 0.96 million exceeding the average volume of 0.94 million.
BXSL Stock Per formance and Moving Averages
In recent trading, Blackstone Secured Lending Fund (BXSL) stock price has shown some volatility, fluctuating 1.72% over the last five trades and 3.86% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by -2.17%, and it has plunged by -3.34% in the previous three months. Currently, BXSL is trading at 2.00%, 1.97%, and 1.96% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, BXSL, a Financial sector stock, is trading -6.12% below its 52-week high but remains 18.74% above its 52-week low. The Average True Range (ATR) (14 days) of 0.38 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Blackstone Secured Lending Fund’s Profitability and Valuation Ratios
Blackstone Secured Lending Fund’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of 56.50% and a profit margin of 58.10%, with a gross margin of -2.17%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Blackstone Secured Lending Fund’s market capitalization stands at $6.16 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The stock’s price-to-earnings (P/E) ratio is 7.94, assessing the company’s valuation relative to its earnings. The forward P/E ratio, which uses projected earnings for the next financial year, is 9.32. Additionally, the Price-to-Sales Ratio is 5.06, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 1.1, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 0.10% of Blackstone Secured Lending Fund (BXSL)’s shares, while financial institutions hold 39.80%.
