Blackstone Secured Lending Fund (NYSE: BXSL) is 11.61% higher on its value in year-to-date trading and has touched a low of $24.83 and a high of $31.71 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The BXSL stock was last observed hovering at around $30.73 in the last trading session, with the day’s gains setting it 0.12%.
Currently trading at $30.85, the stock is 0.08% and 2.69% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.92 million and changing 0.39% at the moment leaves the stock 8.89% off its SMA200. BXSL registered 20.98% gain for a year compared to 6-month gain of 13.09%.
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The stock witnessed a 1.08% loss in the last 1 month and extending the period to 3 months gives it a 9.28%, and is 0.10% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.53% over the week and 1.31% over the month.
Current P/E ratio is 8.45 and Fwd P/E is 9.19. Profit margin for the company is 53.50%. Distance from 52-week low is 24.24% and -2.71% from its 52-week high. The company has generated returns on investments over the last 12 months (6.60%).
The EPS is expected to grow by 49.90% this year
The shares outstanding are 191.87M, and float is at 175.74M with Short Float at 0.99%.
Blackstone Secured Lending Fund (BXSL) Insider Activity
The most recent transaction is an insider purchase by Whitaker Carlos, the company’s President. SEC filings show that Whitaker Carlos bought 3,895 shares of the company’s common stock on May 26 ’23 at a price of $25.68 per share for a total of $0.1 million. Following the purchase, the insider now owns 3895.0 shares.
