Potential Catalyst For Gains In BlackLine, Inc. (BL), Cumulus Media Inc. (CMLS)

The price of BlackLine, Inc. (NASDAQ:BL) went up by $0.9 now trading at $48.65. Their shares witnessed a 43.05% increase from the 52-week low price of $34.01 they recorded on 2018-11-20. Even though it is still -19.45% behind the $58.11 high touched on 2018-09-26. The last few days have been good for the stock, as its price has grew by 1.44% during the week. It has also performed better over the past three months, as it added around 0.41% while it has so far climbed around 20.2% during the course of a year. The stock of BL recorded 18.8% uptrend from the beginning of this year till date. The 12-month potential price target for BlackLine, Inc. is set at $55. This target means that the stock has an upside potential to increase by 13.05% from the current trading price.

31 institutions entered new BlackLine, Inc. (NASDAQ:BL) positions, 104 added to their existing positions in these shares, 84 lowered their positions, and 26 exited their positions entirely.

BlackLine, Inc. (BL) trade volume has decreased by -59.2% as around 200,638 shares were sold when compared with its 50-day average volume of traded shares which is 491,722. At the moment, BL is witnessing a downtrend, as it is trading -0.7% below its 20-day SMA, 1.92% above its 50-day SMA, and 4.17% above its 200-day SMA. The company runs an ROE of roughly -9.1%, with financial analysts predicting that their earnings per share growth will be around 53.5% per annum for the next five year. This will be compared to the -8.8% decrease witnessed over the past five years.

The first technical resistance point for BlackLine, Inc. (NASDAQ:BL) will likely come at $49.45, marking a 1.62% premium to the current level. The second resistance point is at $50.24, about 3.16% premium to its current market price. On the other hand, inability to breach the immediate hurdles can drag it down to $46.08, the lower end of the range. BL’s 14-day MACD is -1.67 and this negative figure indicates a downward trading trend. The company’s 14-day RSI (relative strength index) score is 50.47, which shows that its stock has been neutral. The 20-day historical volatility for the stock stands at 43.83 percent, which is high when compared to that of the 50-day’s 35.08 percent.

The shares of Cumulus Media Inc. (NASDAQ:CMLS) has increased by 1.83%, and now trading at $17.79 on the Wall Street in the intra-day deal, with their shares traded now around 110,064. This is a rise of 47,870 shares over the average 62,194 shares that were traded daily over the last three months.

CMLS stock hasn’t performed well over the past 30 days, as it lost -4.2% while its price climbed by 64.72% year-to-date (YTD). Looking at the last few days, it has been good for the stock, as it rose 3.61% over the last week. The stock’s 12-month potential target price is now at $22.33.

Cumulus Media Inc. (NASDAQ:CMLS) has been utilizing an ROE that is roughly 832.5%, with stock analysts predicting that the company’s EPS for the next five years will go up by 10% per year, following the 100.7% raise that was witnessed during the past five years. The stock at the moment is on a uptrend, trading 0.86% above its 20-day SMA, -2.18% below its 50-day SMA, and 11.82% above its 200-day SMA. In percentage terms, the aggregate Cumulus Media Inc. shares held by institutional investors is 89.7%. 16 institutions jumped in to acquire Cumulus Media Inc. (CMLS) fresh stake, 21 added to their current holdings in these shares, 19 lowered their positions, and 7 left no stake in the company.

The stock’s 9-day MACD is 0.03 and this positive figure indicates an upward trading trend. The company’s 9-day RSI score is 54.97, which shows that its stock has been neutral. The 20-day historical volatility for the shares stand at 27.27 percent, which is less when compared to that of the 50-day’s 29.56 percent. On the daily chart, we see that the stock could reach the first level of resistance at $18.18, sporting a 2.15% premium to the current level. The next resistance point is at $18.57, representing nearly 4.2% premium to the current market price of Cumulus Media Inc. (CMLS). On the other hand, failure to breach the immediate hurdles can drag it down to $16.61, the lower end of the range.