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Analysis
BlackLine, Inc. (BL)
BlackLine, Inc. (BL)
Ranking:
Buy
Implies positive momentum
Stock Name: BlackLine, Inc.
Symbol: BL
Market Cap: $3.89B
Industry: Software - Application
Sector: Technology
Website: https://www.blackline.com
About BlackLine, Inc.

BlackLine, Inc. provides cloud-based solutions to automate and streamline accounting and finance operations worldwide. It offers financial close management solutions, such as account reconciliations that provides a centralized workspace for users to collaborate on account reconciliations; transaction matching that analyzes and reconciles high volumes of individual transactions; and task management to create and manage processes and task lists. The company's financial close management solutions also include journal entry that allows users to generate, review, and post manual journal entries; variance analysis that monitors and identifies anomalous fluctuations in balance sheet and income statement account balances; consolidation integrity manager that manages the automated system-to-system tie-out process that occurs during the consolidation phase of the financial close; and compliance, an integrated solution that facilitates compliance-related initiatives, consolidates project management, and provides visibility over control self-assessments and testing Please visit their website for more information.

Overview:
Last Close: $62.52
52 Week: $43.75-$68.65
MVA50: 55.08
MVA200: 54.31
RSI: 69.83
Buy/Sell*: 78.53
1-Month change: 13.42%
3-Month change: 21.98%
*Proprietary Buy Sell Volume Indicator
Price Chart For BL
Financial Parameters Most Recent Quarter: (2024-Q3),2024-09-30
Revenue: $166M
Revenue Growth (YOY): 10.09%
Profit (% of Rev): 75.22%
Income (% of Rev): 10.39%
Income Growth (YOY): 44.58%
Operating Income: $8M
Operating Cash Flow: $56M
Operating Cash Flow Growth (YoY): 51.03%
Annual Dividend Yield: 0.00%
Total Assets: $1.70B
Total Liabilities: $1.30B
Cash & Equivalent: $725M
Total Debt: $918M
Debt/Equity: 2.49
Quick Ratio: 2.69
Current Ratio: 2.69
Price/Book: 9.33
Price/Earnings: 49.78
EBITDA: $8M
EPS: 0.28
Our Approach

Our proprietary analysis employs a weighted average approach integrating both functional and technical parameters, tailored to the sector, industry, and microeconomic factors. This methodology assigns dynamic weights to the parameters, with a focus on recent trends, ensuring a nuanced evaluation for informed investment decisions. Considering all the above parameters, in addition to some of the derived parameters of the stock in conjunction with its sector and macroeconomic conditions, our proprietary Weighted Average AI model gives a rank of Buy.

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