Blackstone Secured Lending Fund (NYSE:BXSL) price on Friday, January 17, fall -0.21% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $32.59.
A look at the stock’s price movement, the close in the last trading session was $32.66, moving within a range at $32.45 and $32.85. The beta value (5-Year monthly) was 0.435 while the PE ratio in trailing twelve months stood at 9.08. Turning to its 52-week performance, $33.48 and $27.76 were the 52-week high and 52-week low respectively. Overall, BXSL moved 1.43% over the past month.
Blackstone Secured Lending Fund’s market cap currently stands at around $7.06 billion, with investors looking forward to this quarter’s earnings report slated for in February. The company has a Forward Dividend ratio of 3.08, with its dividend yield at 9.45%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 346.52M for the company’s revenue for the quarter, with a low and high estimate of 336.36M and 353.44M respectively. The average forecast suggests up to a 13.89% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 1.32B, representing a 15.50% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that BXSL is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
4 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 4 recommend BXSL as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
BXSL’s current price about 0.85% and 2.17% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 55.96, while 7-day volatility ratio is 1.59% and 1.77% in the 30-day chart. Further, Blackstone Secured Lending Fund (BXSL) has a beta value of 0.45, and an average true range (ATR) of 0.56. Analysts have given the company’s stock an average 52-week price target of $29, forecast between a low of $29 and high of $29. Looking at the price targets, the low is 11.02% off current price level while to achieve the yearly target high, price needs to move 11.02%. Nonetheless, investors will most likely welcome a 11.02% jump to $29 which is the analysts’ median price.
If we refocus on Blackstone Secured Lending Fund (NYSE:BXSL), historical trading data shows that trading volumes averaged 1.03 over the past 10 days and 989.89K over the past 3 months. The company’s latest data on shares outstanding shows there are 216.67 million shares.
The 7.45% of Blackstone Secured Lending Fund’s shares are in the hands of company insiders while institutional holders own 37.73% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 1.33 million on 2024-10-31, giving us a short ratio of 1.39. The data shows that as of 2024-10-31 short interest in Blackstone Secured Lending Fund (BXSL) stood at 64.0 of shares outstanding, with shares short falling to 1.37 million registered in 2024-09-30. Current price change has pushed the stock 0.87% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the BXSL stock continues to rise going into the next quarter.
