Blue Owl Capital Inc. (NYSE:OWL) does about 3.70M shares in volume on a normal day but saw 2443381 shares change hands in Monday trading. The company now has a market cap of 16.93B USD. Its current market price is $12.52, marking an increase of 0.24% compared to the previous close of $12.49. The 52 week high reached by this stock is $14.70 whilst the lowest price level in 52 weeks is $8.06. The script in recent trading has seen the stock touch a high of $12.53 and a low of $12.325.
Blue Owl Capital Inc. (OWL) has a 20-day trading average at $11.34 and the current price is -14.83% off the 52-week high compared with 55.43% distance from its 52-week low. The 50-day simple moving average of the closing price is $11.42 and its 200-day simple moving average is $11.22. If we look at the stock’s price movements over the week, volatility stands at 3.33%, which increases to 3.55% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 64.88 to suggest the stock is neutral.
11 analysts observing the Blue Owl Capital Inc. (OWL) stock have set the 12-month price targets for the company’s shares at between $11.50 and $17.00. The consensus objective for the share price is $15.30, suggesting that the stock has a potential upside of 18.17% over the period. The median price target is 13.66% away from the current levels at $14.50.
FactSet Research has provided data showing that 11 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 7 analysts have rated it as a buy and 4 have advised that investors hold their positions. The consensus recommendation rating is Overweight and Wall Street’s advice is for investors to Moderate Buy the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on January 03, 2023 when Keefe Bruyette downgraded the stock to “Mkt Perform” and issued a price target of $13. Piper Sandler initiated its price target at $16.
The current price level is 11.26%, 9.79%, and 11.56% away from its SMA20, SMA50, and SMA200 respectively, with the OWL price moving above the 50-day SMA on January 23. Blue Owl Capital Inc. (OWL) stock is up 1.13% over the week and 18.79% over the past month. Its price is 18.11% year-to-date and -1.65% over the past year.
The stock last released its quarterly earnings report for quarter ended 9/29/2022, with the company’s earnings per share (EPS) of $0.14 above consensus estimates by $0.01. The company’s next earnings report is expected on 05/04/2023, with forecasts estimating quarterly EPS at $0.15 and $0.52 for whole year. OWL’s earnings per share are forecast to grow by 62.50% this year and 30.80% over next year. Expected sales for next quarter are $405.9 million, which analysts say will come at $1.32 billion for the current fiscal year and next year at $1.79 billion. In addition, estimates put the company’s current quarterly revenue at an average of $377.49 million.
Its 12-month price target is $14.50. To reach the target analysts have set, the stock logically needs to grow 18.17 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $11.50, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $17.00.
Outstanding shares total 441.49M with insiders holding 2.38% of the shares and institutional holders owning 92.08% of the company’s common stock. The company has a return on investment of -31.00% and return on equity of -0.70%. The forward price to earnings ratio is 18.36. Price to book ratio is 3.34 and price to sales ratio is 13.41.
According to a U.S. Securities and Exchange Commission filing, American Funds Growth Fund of Ame has added its position in Blue Owl Capital Inc. (OWL) to 21,967,854 shares, mirroring a recent increase by 5.11%. American Funds Growth Fund of Ame added 1.07 million shares of Blue Owl Capital Inc. common stock bringing its total worth to about $232.86 million at the end of recent close, SEC documents show. American Funds Growth Fund of Ame isn’t the only investment manager who changed stakes and is followed by American Funds Fundamental Invest, which added 87000.0 shares to end up with 21,968,000 shares worth $232.86 million.