May 26, 2022

Watch List Stock News: Blackbaud (NASDAQ:BLKB)

Blackbaud (NASDAQ:BLKB) is now trading -48.95% off 52-week high price. On the other end, the stock has been noted 30.04% away from the low price over the last 52-weeks. The stock changed 1.62% to recent value of $49.7. The stock transacted 1287257 shares during most recent day however it has an average volume of 445.86K shares. The company has 53.34M of outstanding shares and 48.34M shares were floated in the market.

On April 6, 2020, Blackbaud (NASDAQ:BLKB) the world’s leading cloud software company powering social good, outlined actions taken to ensure financial strength and flexibility in response to current global market conditions while remaining critically focused on the success of its customers and the health and economic stability of its employees. Given the uncertainty related to COVID-19, Blackbaud has withdrawn its full year 2020 financial guidance issued on February 10, 2020. Learn more about the resources and measures that Blackbaud is taking for its customers.

Our top priority is protecting the safety and welfare of our people and continuing to be a strong global partner for social good organizations around the world during this unprecedented time, said Mike Gianoni, Blackbaud’s president and CEO.  We acted quickly to transition our 3,600 employees to work remotely in a matter of days, and I’m proud of how our teams have risen to the challenge to maintain continuity in our business operations, while continuing to support our customers. Blackbaud serves many different organization types, and the impact of COVID 19 is manifesting in different ways across our customer base. We’re seeing many cases in which our customers are using Blackbaud technology to quickly mobilize and adopt to a more digital and virtual environment.  For example, private K–12 schools across the U.S. are benefitting from Blackbaud’s cloud solutions by being able to move classes and the in-school experience online. Meanwhile, we’re working diligently to provide resources, guidance and technology to other nonprofits like arts and cultural organizations that are facing an entirely different set of challenges as they look to pivot their engagement strategies during temporary closures. While we cannot predict how long this current situation will last, Blackbaud remains deeply committed to supporting our customers and employees while ensuring the long-term success of the company. Its earnings per share (EPS) expected to touch remained -73.60% for this year while earning per share for the next 5-years is expected to reach at -2.10%. BLKB has a gross margin of 53.50% and an operating margin of 3.00% while its profit margin remained 1.30% for the last 12 months.

According to the most recent quarter its current ratio was 0.7 that represents company’s ability to meet its current financial obligations. The price moved ahead of -5.66% from the mean of 20 days, -25.53% from mean of 50 days SMA and performed -38.46% from mean of 200 days price. Company’s performance for the week was -8.47%, -25.17% for month and YTD performance remained -37.56%.

Shawn Harris is a Master’s in Business Administration by education. After completing his post-graduation, Shawn jumped the journalism bandwagon as a freelance journalist. Soon after that he landed a job of reporter and has been climbing the news industry ladder ever since to reach the post of editor. As an avid day trader, Shawn is a master of technical analysis and writes tirelessly on how stocks are trading. He has extensive knowledge in technical analysis & news writing.