On May 26, 2023, a wealthy whale has taken a bearish stance on Blackstone, with 54% of investors opening trades with the same expectations. Conversely, only 45% of investors are optimistic about the company’s future.
Upon closer inspection of Blackstone’s options history, there have been 11 peculiar trades in the past few months. Four puts were made for a total of $195,214, while seven calls were made for a total of $328,315. These trades suggest that whales have been targeting a price range of $80.0 to $100.0 for Blackstone.
The most notable options include a bullish put trade expiring on 08/18/23 with a strike price of $85.00, a bearish call trade expiring on 07/21/23 with a strike price of $90.00, and two bullish call trades expiring on 01/19/24 with a strike price of $95.00.
As of the last 30 days, the put/call ratio for Blackstone is 0.67, indicating a bullish sentiment among investors. Currently, the stock is up 2.71% at $85.79, and RSI indicators suggest that the underlying stock is currently in a neutral state between overbought and oversold.
Blackstone Group Inc. Stock Performance and Financial Analysis on May 26, 2023
On May 26, 2023, Blackstone Group Inc. (BX) opened at $83.31, slightly lower than its previous close of $83.53. The day’s range was between $82.93 and $86.07, with a volume of 1,568,566 shares traded. Blackstone Group’s market capitalization was $101.1 billion.
The company’s earnings growth last year was -71.00%, while this year’s earnings growth is -15.68%. However, the company is expected to have a positive earnings growth rate of +13.04% over the next five years. Meanwhile, the revenue growth rate for the previous year was +8.14%.
Blackstone Group’s P/E ratio was 105.7, while its price/sales ratio was 4.04, and its price/book ratio was 13.09. The company’s net profit margin was 12.84%. Blackstone Group operates in the finance sector, specifically in the investment managers industry.
In comparison to other investment management firms, Blackstone Group performed relatively well on May 26, 2023.
The next reporting date for Blackstone Group is on July 20, 2023, with an EPS forecast of $0.93. The company’s annual revenue for the previous year was $13.6 billion, with an annual profit of $1.7 billion.
In conclusion, Blackstone Group’s stock performance on May 26, 2023, was relatively stable, with a slight decrease in the opening price. The company’s earnings growth rates were negative, but it is expected to have a positive growth rate over the next five years. The company’s net profit margin was healthy, and it operates in the finance sector, specifically in the investment managers industry.
Blackstone Inc (BX) Stock Analysis: Median Target Price of $101.00 and Buy Rating from Investment Analysts
On May 26, 2023, Blackstone Inc (BX) had a median target price of $101.00, with a high estimate of $115.00 and a low estimate of $70.50. The median estimate represented a +17.96% increase from the last price of $85.62. The current consensus among 23 polled investment analysts was to buy stock in Blackstone Inc. This rating had held steady since May, when it was unchanged from a buy rating. Blackstone Inc had reported earnings per share of $0.93 and sales of $2.5B for the current quarter. The upcoming earnings report would be closely watched, as it would provide insight into the company’s financial performance and future prospects.
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