Over the past 52 weeks, the shares of BlackRock, Inc. (NYSE:BLK) has been trading as low as $376.31 before witnessing a massive surge by 6.36% or $23.92. This price movement has led to the BLK stock receiving more attention and has become one to watch out for. It dipped by -2.08% on Thursday and this got the market worried. The stock’s beta now stands at 1.57 and when compared to its 200-day moving average and its 50-day moving average, BLK price stands -18.8% below and -5.56% below respectively. Its average daily volatility for this week is 3.61% which is more than the 2.72% recorded over the past month. The shares of BlackRock, Inc. dropped by -32.68% or -$194.29 from its last recorded high of $594.52 which it attained on January 23 to close at $400.23 per share.
BlackRock, Inc. (BLK) sank -6.33% this week, a trend that has led to both investors and traders taking note of the stock. Over the past one year, the equity price has embarked on a drop that has seen it decline -21.85% and is now down by -22.09% since start of this year. A look at its monthly performance shows that the stock has recorded a -2.62% fall over the past 30 days. Its equity price dipped by -15.2% over the past three months which led to its overall six-month decrease to stand at -27.12%.
A look at BLK technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 39.56 point. Its trading volume has added 543934 shares compared to readings over the past three months as it recently exchanged 1382544 shares. This means there is improved activity from short-term traders as per session, its average trading volume is 838610 shares, and this is 1.65 times the normal volume.
Analysts have predicted a price target for Brixmor Property Group Inc. (BRX) for 1 year and it stands at an average $18.18/share. This means that it would likely increase by 8.34% from its current position. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $16. On the other hand, one analyst is super bullish about the price, setting a target as high as $21.
The BRX stock Stochastic Oscillator (%D) is at 77.01%, which means that it is currently neutral. The shares P/S ratio stands at 4.03 which compares to the 11.46 recorded by the industry or the 10.24 by the wider sector. The stock currently has an estimated price-earnings (P/E) multiple of 20.79, which is higher than the 14.2 multiple of 12-month price-earnings (P/E). The company’s earnings have gone up, with a quarterly increase rate of 28.8% over the past five years.
Analysts view Brixmor Property Group Inc. (NYSE:BRX) as a Hold, with 2.3 consensus rating. Reuters surveyed 17 analysts that follow BRX and found that 7 of those analysts rated the stock as a Hold. The remaining 10 were divided, with 10 analyst rating it as a Buy or a Strong Buy while 0 analysts advised investors to desist from buying Brixmor Property Group Inc. (BRX) shares or sell it if they already own it.