As of July 16, 2023, the Blackstone Group (BX), a prominent player in the Capital Markets service category, has been displaying some interesting technical indicators that may provide valuable insights for investors. With a valuation market value of 108.17 and a PE Ratio of 128.4321, the firm's
financial health is a crucial factor to consider. The Blackstone Group, which is listed on the NYSE, has a significant noncontrolling interest in a consolidated entity valued at
10.3B. This is a substantial figure that should not be overlooked when evaluating the company's overall financial position. The firm's net income applicable to common shares stands at
1.7B, despite a net interest income loss of 45.6M. This is a clear indicator of the company's profitability, which is further supported by an income before tax of 3.5B. However, it's worth noting that the company also incurred an income tax expense of 472.9M. In terms of analyst predictions, the Blackstone Group has received 1 buy rating and 9 strong buy ratings out of 13 estimates. This is a positive sign, suggesting that the company is expected to perform well in the future. The Wall Street target price for the stock is 102.31, with the lowest estimated target price being 92. The company's shares short prior month were 21M, with a short ratio of 4.9. This has since decreased to 19.1M shares short, indicating a potential shift in investor sentiment. In terms of price movements, the day's typical price was 107.38, with a median price of 106.98. The price action indicator stands at 1.84, with a possible downside price of 112.17. The rate of daily change is 1.01, suggesting some volatility in the stock's price. Given these technical indicators, now might be an opportune time to capitalize on Blackstone Group's stock. However, as always, potential investors should conduct their own thorough research before making any investment decisions. Given the current uncertainty in the capital markets, it's reasonable to evaluate Blackstone Group in relation to prevailing market trends. As anticipated, Blackstone is beginning to demonstrate its true potential as investor confidence in its future prospects grows. The company's stock price movements have largely mirrored overall market trends. The firm's robust fundamental indicators may also hint at potential long-term gains for Blackstone investors. Blackstone Group is set to release its earnings report tomorrow, with the upcoming quarterly report expected on July 20, 2023.
Using predictive
technical analysis, we can analyze different prices and returns patterns and
diagnose historical swings to determine the real value of Blackstone Group. In general, sophisticated investors focus on analyzing Blackstone stock price patterns and their correlations with different microeconomic environment and drivers. They apply predictive analytics to build Blackstone's daily price indicators and compare them against related drivers such as
momentum indicators and various other types of predictive indicators. Using this methodology combined with a more conventional
technical analysis and
fundamental analysis, we attempt to find the most accurate representation of
Blackstone's intrinsic value. In addition to deriving basic predictive indicators for Blackstone, many experienced traders also check how macroeconomic factors affect Blackstone price patterns. Please read more on our
technical analysis page or use our predictive modules below to complement your research.
Sophisticated investors, who have witnessed
many market ups and downs, anticipate that the market will even out over time. This tendency of Blackstone's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
How does Blackstone Stands against Peers?
Analyzing Blackstone competition or peers my help you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Try to analyze the advantages of investing in traded instruments related to Blackstone across multiple sectors and
thematic ideas. A good competitive analysis can cover a lot of different areas. But what areas to choose depends on who you are. The more exhaustive you are in your analysis, the more effective your competitive analysis will be. Check out
Blackstone Competition DetailsBlackstone Gross Profit
Blackstone Gross Profit growth is one of the most critical measures in evaluating the company. The Gross Profit growth rate is calculated simply by comparing Blackstone previous period's values with its current period's values. Each time period you're measuring should be of equal lengths the increase or decrease, in a company's Gross Profit between two periods. Here we show Blackstone Gross Profit growth over the last 10 years. Please check Blackstone's
gross profit and other
fundamental indicators for more details.
Closer look at Blackstone Variance
Blackstone Group has current Variance of 4.18. Variance is another measure of security risk that shows the amount of dispersion of equity returns around their mean value. Variance is calculated as the average squared deviations from the mean. Evaluating a set of investment alternatives one can use variance to help determine the volatility when purchasing a specific security. Similar to Standard Deviation, the variance is a measure of how far a set of numbers is spread out around its mean.
Variance is also a measure of stock volatility and can help determine the risk an investor might take on when purchasing a specific security. A relatively big variance indicates that the daily prices or returns are far from the mean and a small variance indicates that they are located around the mean.
Variance | = | SUM(RET DEV)2 N |
| = | 4.18 |
| SUM | = | Summation notation |
| RET DEV | = | Actual returns deviation over selected period |
| N | = | Number of points for the period |
Let's now compare Blackstone Variance to its closest peers:
| BX | 4.180637644411415 |
| FDS | 2.2 |
| CDW | 4.14 |
| SWVL | 13.65 |
| KLTR | 10.82 |
The Blackstone Group (BX) is currently under the lens of technical traders, with some key indicators suggesting potential opportunities for savvy investors. The firm, a prominent player in the Capital Markets service category, currently boasts a market capitalization of
125B and total assets worth
42.52B. The firm’s Price to Earnings (P/E) ratio stands at 25.50X, while the Price to Earnings To Growth (PEG) ratio is at 1.27X, indicating that the stock may be undervalued relative to its earnings growth.
Blackstone has shown robust
financial health with a net income of 2.99B and operating income of 2.5B. However, it's crucial to note a negative net interest income of 45.6M, indicating losses in this area. The company's EBITDA stands at 2.6B, further demonstrating its financial strength. Technically, the stock is currently trading near its 52-week high of 107.9638, with a day median price of 106.98. With a Wall Street target price of 102.31, investors may want to watch for potential price corrections. Additionally, the stock has a beta of 1.48, implying higher volatility compared to the overall market. Investors should also note the firm's payout ratio of 0.8497, indicating a substantial portion of the earnings is being distributed as dividends. However, the risk-adjusted performance of 0.1402 and a potential upside of 4.13 suggest that the stock could offer substantial returns for risk-tolerant investors. .
Possible August correction of Blackstone?
The current Treynor ratio of The Blackstone Group, a performance metric for
risk-adjusted returns, has increased to over 0.19. This suggests a potentially favorable risk-reward trade-off. However, investors should exercise caution as this rise could indicate an overvaluation, potentially leading to a market correction in August. While Blackstone's strong performance is praiseworthy, it's essential to keep an eye on market trends and
economic indicators to avoid potential downturns. The Blackstone Group exhibits relatively low volatility, with a skewness of 0.1 and a kurtosis of 0.17. However, we recommend that all investors conduct independent research on The Blackstone Group to ensure that all available information aligns with their expectations regarding its upside potential and future expected returns. Understanding different
market volatility trends can often assist investors in timing the market. The correct use of volatility indicators allows traders to measure the risk of Blackstone's stock against market volatility during both bullish and bearish trends.
The heightened level of volatility that accompanies bear markets can directly impact
Blackstone's stock price, causing stress for investors as they watch the value of their shares decline. This typically prompts investors to rebalance their portfolios by purchasing different stocks as prices drop. In conclusion, Blackstone Group Stock (BX) presents a potentially rewarding investment opportunity. With a
Naive Expected Forecast Value of 114.17 and a
Valuation Real Value of 111.57, the stock's current price may seem confusing. However, the Analyst Overall Consensus leans towards a 'Buy' recommendation, with 9 Strong Buys, 1 Buy, and 4 Holds. The Analyst Target Price Estimated Value stands at 103.846, suggesting a potential upside. Despite the confusion, the numbers indicate a potential for growth, making Blackstone a stock to consider for investment. .
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Nico Santiago is a PR Contributor to Macroaxis Editorial Board. Nico is a relatively new author here at Macroaxis and he likes to work on advertising and sponsored content and marketing for the company. Nico spends most of his time surfing when the weather is nice and he spends the rest of the year writing for various blogs and companies, as he works on his upcoming books, The Rise of the Financial Machines and Time Series Modelling with AI.
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