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Blue Owl Capital Inc. (NYSE: OWL) Stock Forecast: Bearish Views Expect -40.7 Percent Drop In 2023

The trading price of Blue Owl Capital Inc. (NYSE:OWL) floating lower at last check on Wednesday, May 24, closing at $9.95, -1.73% lower than its previous close.

Traders who pay close attention to intraday price movement should know that it has been fluctuating between $10.02 and $10.32. The company’s P/E ratio in the trailing 12-month period was 422.08, while its 5Y monthly beta was 1.26. In examining the 52-week price action we see that the stock hit a 52-week high of $14.04 and a 52-week low of $8.06. Over the past month, the stock has lost -7.40% in value.

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Blue Owl Capital Inc., whose market valuation is $14.16 billion at the time of this writing, is expected to release its quarterly earnings report May 04, 2023. The dividend yield on the company stock is 5.53%, while its Forward Dividend ratio is 0.56. Investors’ optimism about the company‚Äôs current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by $0.16 per share this quarter, however they have predicted annual earnings per share of $0.66 for 2023 and $0.81 for 2024. It means analysts are expecting annual earnings per share growth of 24.50% this year and 22.70% next year.

Analysts have forecast the company to bring in revenue of $393.39 million for the current quarter, with the likely lows of $385.44 million and highs of $399.43 million. The average estimate suggests sales will likely up by 20.20% this quarter compared to what was recorded in the comparable quarter last year. From the analysts’ viewpoint, the consensus estimate for the company‚Äôs annual revenue in 2023 is $1.63 billion. The company‚Äôs revenue is forecast to grow by 16.80% over what it did in 2023.

A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Blue Owl Capital Inc. No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest OWL has a 100% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Sell, while an average of long term indicators suggests that the stock is currently 50% Sell.

Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned OWL a recommendation rating is 13. Out of them, 3 rate it a Hold, while 10 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged Blue Owl Capital Inc. (OWL) as Underweight, while 0 advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.

If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 17.77, which symbolizes a positive outlook. A quick review shows that OWL’s price is currently -3.96% off the SMA20 and -6.40% off the SMA50. The RSI metric on the 14-day chart is currently showing 39.83, and weekly volatility stands at 2.72%. When measured over the past 30 days, the indicator reaches 3.61%. Blue Owl Capital Inc. (NYSE:OWL)’s beta value is currently sitting at 0, while the Average True Range indicator is currently displaying 0.35. With analysts defining $11.50-$19.00 as the low and high price targets, we arrive at a consensus price target of $14.54 for the trailing 12-month period. The current price is about -15.58% off the estimated low and -90.95% off the forecast high, based on this estimate. Investors will be thrilled if OWL’s share price rises to $14.00, which is the median consensus price. At that level, OWL’s share price would be -40.7% below current price.

To see how Blue Owl Capital Inc. stock has been performing today in comparison to its peers in the industry, here are the numbers: OWL stock‚Äôs performance was -1.73% at last check in today’s session, and -15.43% in the past year. Blue Owl Capital Inc. has a P/E ratio of 422.08. Also during today’s trading, the S&P 500 Index has plunged -0.72%, while the Dow Jones Industrial also saw a negative session, down -0.60% today.

An evaluation of the daily trading volume of Blue Owl Capital Inc. (NYSE:OWL) indicates that the 3-month average is 3.70 million. However, this figure has increased over the past 10 days to an average of 2.27 million.

Currently, records show that 456.19 million of the company‚Äôs shares remain outstanding. The insiders hold 1.06% of outstanding shares, whereas institutions hold 93.80%. The stats also highlight that short interest as of Apr 27, 2023, stood at 20.02 million shares, resulting in a short ratio of 6.3 at that time. From this, we can conclude that short interest is 4.49% of the company‚Äôs total outstanding shares. It is noteworthy that short shares in April were down slightly from the previous month‚Äôs figure, which was 21.23 million. However, since the stock‚Äôs price has seen -6.09% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.

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