NewsBur
No Result
View All Result
Friday, January 15, 2021
  • Home
  • Morning News
  • Market News
  • Analyst Actions
  • Trending Stocks
Subscribe
Newsbur
  • Home
  • Morning News
  • Market News
  • Analyst Actions
  • Trending Stocks
No Result
View All Result
Newsbur
No Result
View All Result
Home Analyst Actions

Blackstone Mortgage Trust Inc. [BXMT] Is Skyrocketing 6.56% on Pure Fundamentals

by Justin Shaw
October 9, 2020
in Analyst Actions
0
0
SHARES
10
VIEWS
Share on FacebookShare on Twitter

Blackstone Mortgage Trust Inc. [NYSE:BXMT] shares were trading 6.56% to $24.21 on Thursday. Comparativley, The S&P 500 is trading at 0.79%. For the year, the stock is trading -34.95% and the five-day change stands at 8.23%.

BXMT’s next earning date is 10/29/2020. Currently, the company is booking earnings per share of 0.88.

The company is also reporting 0.88 earnings per share.

The Price is right

Holding a Market Cap of $3.51 billion, Blackstone Mortgage Trust Inc. has seen a trading range over the last year of $12.67-$40.62.

For the last five days, BXMT is up from its last closing price. The average shares trading hands each day is 1.05M.

Using a Force Index Indicator is a good way to look at how strong actual buying and selling pressure is for BXMT. When we apply the Elder Force Index to Blackstone Mortgage Trust Inc., we are seeing an Elder Force Indicator number of 2731162.55.

Recent Performance

The recent performance of the stock is another area that can tell traders how to proceed. BXMT is presenting an interesting case. This can be seen in the Forward P/E ratio, which currently stands at 10.74.

In the last quarter, BXMT made a profit of 160.2 million. Blackstone Mortgage Trust Inc. also saw quarter revenue growth year over year of 16.68%.

Technical Analysis

Looking at popular technical indicators, the company’s 5-day moving average is 23.05 compared to the 50-day moving average of 4.03%. So, we are clearly seeing an upward trajectory here.

The Relative Strength Index or RSI is an indicator ranging between 0 and 100 that traders use to determine if a stock is “overbought” or “oversold.” A strong uptrend tending to reach into the “overbought” status is above 70, while a downward trend will stay around the 30 mark. BXMT currently holds a 9-day RSI of 66.08%, while 100-day RSI stands at 48.11%.

Another indicator we believe is worth keeping tabs on is the Moving Average Convergence Divergence or MACD. Similar to the concept of the Force Index — on the basis of price momentum — the MACD gives traders a tool to measure the turning point of a stock even during rapid fluctuations in price. Buy and sell signals are determined by a stock’s relation to the zero line, so if a stock is above a zero line for many weeks it might be a “buy.” On the other hand, if a stock is below the zero line consistently, it might be one to stay away from. Also, if the MACD line reaches a peak and dips, its momentum may be waning. BXMT’s 9-day MACD is 0.48 and the company’s 100-day MACD stands at -0.57.

Inside Moves

Another area that is important to analyze is insider moves and majority shareholders. While this is not always an error-free way to tell what the future holds for a stock, you can maybe gather important information from reading the tea leaves about who is buying and selling.

The major holders for this stock are 1.07% by insiders and 60.61% by institutions. Regarding institutional holdings, Vanguard Group, Inc. (The) owns 9.31%, while the second top holder, Blackrock Inc., currently owns 8.55%.

Over the last six months, insiders have sold 2,782 with the most recent transaction from Keenan Katharine A, President, with a sell at price 22.35 per share.

Conclusion

Overall, the recommended rating for BXMT is Moderate Buy. Currently, the company has 9 analysts watching the stock, and the average quarterly earnings estimate is 0.59. Quarterly revenue estimates are averaging 107.94M with the high estimate reaching 121M and the low at 102.1M.

To review, the current 1-year target estimate is sitting at 27.17, while the current price 24.21. Based on this, we expect the stock to rise considering the aforementioned fundamentals.

Tags: Blackstone Mortgage Trust Inc.BXMTBXMT stockNYSE:BXMT

Recommended Stories

Devon Energy Corporation [DVN] Stumbles to $9.78

September 21, 2020

Rally Watch as Sunstone Hotel Investors Inc. [SHO] Just Hit $8.08

October 2, 2020

With an Enterprise Value of -$403.09k, Here is Why We Love Myomo Inc. [MYO]

September 16, 2020

Popular Stories

  • Sorrento Therapeutics Inc. [SRNE] is One of the Best Plays in Healthcare and This Proves It

    0 shares
    Share 0 Tweet 0
  • Heat Biologics Inc. [HTBX] is One of the Best Plays in Healthcare and This Proves It

    0 shares
    Share 0 Tweet 0
  • Heat Biologics Inc. [HTBX] Is Skyrocketing 13.15% on Pure Fundamentals

    0 shares
    Share 0 Tweet 0
  • BlackBerry Limited [BB] is a Top Ten Buy with Quarterly Revenues of 999.00M

    0 shares
    Share 0 Tweet 0
  • Impressive Profit Margins of -5.80% Raise Bull Flags for General Electric Company [GE]

    0 shares
    Share 0 Tweet 0

NewsBur.com

Newsbur.com is an Economic news website, which offers broad information about the Stock markets and Equities. The major emphasis of this platform is to present, the most practical recommendation for public and private capital sharing, both in the form of updates and detailed analysis.

Recent Posts

  • After-Hours Trading Alert: Amgen Inc. [AMGN] is Up 0.85% After the Bell
  • Has Dynatrace Inc. [DT] Completely Outpaced Other Companies in the Technology This Year?
  • Why Applied Materials Inc. [AMAT]’s 1.55% Drop is No Cause for Alarm

Categories

  • Analyst Actions
  • Market News
  • Morning News
  • Trending Stocks
  • Uncategorized

© 2020 Copyright © All Rights Reserved.

No Result
View All Result
  • Home
  • Market News
  • Morning News
  • Analyst Actions
  • Trending Stocks

© 2020 Copyright © All Rights Reserved.