BlackLine, Inc. (BL) Might Be Poised For A Short Term Move

BlackLine, Inc. (BL) has seen some recent activity in the market and its common shares closed at $92.30 yesterday. Investors are starting to take notice of BL as the common shares traded as high as $93.17 and as low as $90.09 in the previous market trading day.

BlackLine, Inc. (BL) average trading volume is 551.88K. However, in the previous market trading day BlackLine, Inc. (BL) exchanged 496,106 shares. The 1st downside support level on BL is $90.65 and the 1st upside resistance level on BL is $105.78. BL 50 day moving average is $91.26 and BL 200-day moving average is $79.65.

BlackLine, Inc. (BL) most recent performance has been indicated by the recent movement in BL common shares. BL has performed 2.98% over the past 4 weeks, BL has performed 3.81% over the past 90 days and BL has shown 93.74% over the past year. BlackLine, Inc. (BL) has a 52 week range of $38.32 to $105.07. BlackLine, Inc. (BL) is trading 140.87% from its 52 week low and -12.15% from its 52 week high. BlackLine, Inc. (BL) is displaying a 10.51% short float displaying the sum short in the float.

BL has 56.61M shares outstanding and 49.58M shares in the float. BlackLine, Inc. (BL) at this time has a market cap of $5.14B and income of -39.90M. The EPS next quarter for BL is 0.11 and projected EPS next year is 10.40%. The market cap of BlackLine, Inc. (BL) at $5.14B represents how many Investors own shares of BL and is calculated off the last price ($92.30) of BL and the sum of shares outstanding (56.61M) with BlackLine, Inc. (BL).

BlackLine, Inc. (BL) has aggregate cash (mrq) of 626.5M, aggregate cash per share (mrq) of 11.01, aggregate debt of BL stands at 408.68M and aggregate debt/equity (mrq) is 98.01. . BlackLine, Inc. (BL) running cash flow (ttm) is 36.21M, BL leveraged free cash flow (ttm) is 44.41M.

BL is trading -3.96% below (bearish) its SMA20, 4.35% above (bullish) its SMA50 and 26.14% above (bullish) its SMA200.

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