BlackRock Technology and Private Equity Term Trust (NYSE:BTX) concluded the trading at $7.42 on Friday, June 27 with a fall of -0.27% from its closing price on previous day.
Taking a look at stock we notice that its last check on previous day was $7.44 with its price kept floating in the range of $7.35 and $7.45 on the day. Company’s P/E ratio for the trailing 12 months is 43.65. Considering stock’s 52-week price range provides that BTX hit a high price of $8.31 and saw its price falling to a low level of $5.10 during that period. Over a period of past 1-month, stock came adding 7.54% in its value.
With its current market valuation of $1.58 billion, BlackRock Technology and Private Equity Term Trust is set to declare its quarterly results in July. BTX Stock’s Forward Dividend of 1.03 and its yield of 13.87% are making investors’ thoughts stronger that it could climb further before the company announces its earnings for the current quarter. Analysts are in estimates of 0 per share for company’s earnings in the current quarter and are expecting its annual EPS growth moving up to 0 for current year with estimates of that growing to 0 in next year.
In contrast, when we review BTX stock’s current outlook then short term indicators are assigning it an average of 50% Buy, while medium term indicators are categorizing the stock at an average of 50% Sell. Long term indicators are suggesting an average of 50% Buy for it.
Digging deeper we become aware of the PEG ratio of the BTX stock which is currently positioned at 0. It further provides that stock’s current price level is 3.70% away from its 20-day simple moving average and is 10.03% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 71.49 while volatility remained at 1.59% over the past week which changes to 1.43% when measuring it over the past month. Beta is valued at 1.35.
Having a second look at BlackRock Technology and Private Equity Term Trust (NYSE:BTX) provides that stock’s average daily trading volume for 3 months was 654.39K, while it jumped to 646470 when we calculate an average volume for past 10 days. Number of outstanding shares of the stock stood at 213.34 million.
The percentage of outstanding shares held by the insiders is 0.05% while it is 48.98% for the institutional holders. In June the standing of shares short improved as it was 0.32 million in the previous month. Addition of 3.34% by stock’s current price to its year-to-date value in last trading session is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.
