The Case for and Against The Blackstone Group L.P. (BX)

The Blackstone Group L.P. (BX) is an interesting player in the Financial space, with a focus on Asset Management. The stock has been active on the tape, currently trading at $31.88, down from yesterday’s close by -0.22%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

The Blackstone Group L.P. (BX) currently trades with a market capitalization of $37.23 Billion. That value represents a market adjusting for revenues that have been falling by -7.60 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of -$881.46 Million over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $0.73 on a per share basis this quarter. Perhaps, that suggests something about why 0.24% of the outstanding share supply is held by institutional investors.

Technical Analysis

It’s important to check the technicals to get a sense of how BX has been acting. Looking at the stock’s movement on the chart, The Blackstone Group L.P. recorded a 52-week high of $37.52. It is now trading 5.64% off that level. The stock is trading $32.16 its 50-day moving average by 0.28%. The stock carved out a 52-week low down at $29.03.

In recent action, The Blackstone Group L.P. (BX) has made a move of +2.41% over the past month, which has come on Strong relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 12.84, and it’s gotten there by action that has been more volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 1.28% with $1.17 Billion sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of BX.

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