Blackline Safety (BLN) Stock Price, News & Analysis

Company Overview

Blackline Safety Corp. develops, manufactures, and markets worker safety monitoring products and services in Canada, the United States, Europe, and internationally. It offers G6 zero-maintenance single-gas cloud-connected gas monitors, G7c safety wearable for indoor and outdoor locations covered by 4G wireless, G7x safety wearable for remote locations, and G7 EXO area gas monitors; field-replaceable cartridges; G7 Bridge, a portable satellite base station; G7 Dock and G6 Dock; accessories used to calibrate G6, G7c, and G7x devices; and Loner Mobile, a safety monitoring application for smartphones. The company also provides Blackline Location Beacon, an indoor/outdoor location technology; Blackline monitoring, a live monitoring service; Blackline Live, a cloud-hosted live safety monitoring portal for safety alert management; Blackline Analytics, a second-generation data analytics package; and Blackline Vision, a data science consulting and software. In addition, it offers electrochemical, infrared, and photoionization-based gas sensors; portable compact gas sensors; 4G cellular, LTE-M, satellite, 900 MHz spread spectrum, and Bluetooth data communication products; GNSS, cellular, and proprietary indoor/outdoor location beacon positioning products; inertial sensors; two-way voice calling and text messaging; push-to-talk real-time voice collaboration; Bluetooth audio accessory interface; cloud-hosted Blackline safety cloud monitoring infrastructure and Blackline live monitoring user account; and cloud-hosted data analytics and reporting software. Further, it engages in securitization of vehicles; and Internet of Things design, engineering, and product research and development support activities. It serves utilities, renewable energy, pharma, education, and other industries. The company was formerly known as Blackline GPS Corp. and changed its name to Blackline Safety Corp. in July 2015. Blackline Safety Corp. was founded in 2004 and is headquartered in Calgary, Canada.

Key Stats

• Today's Range: C$6.36 to C$6.48
• 50-Day Range: C$6.10 to C$6.85
• 52-Week Range: C$3.46 to C$6.86
• Volume: 7,913 shs
• Average Volume: 43,270 shs
• Market Capitalization: C$525.14 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: C$7.00
• Consensus Rating: Buy

Blackline Safety Stock Analysis - MarketRank™

Blackline Safety scored higher than 13% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.5 / 5
• Analyst Rating: Buy

Consensus Rating

Blackline Safety has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 3 buy ratings, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

Blackline Safety has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 0.0 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Blackline Safety is -27.96, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Blackline Safety is -27.96, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Blackline Safety has a P/B Ratio of 9.19. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for BLN.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Blackline Safety does not currently pay a dividend.

Dividend Growth

Blackline Safety does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for BLN.

News and Social Media

• Score: 3.0 / 5
• News Sentiment: N/A

News Sentiment

Blackline Safety has a news sentiment score of 1.43. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.57 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 1 news article for Blackline Safety this week, compared to 0 articles on an average week.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Blackline Safety insiders have sold more of their company's stock than they have bought. Specifically, they have bought C$0.00 in company stock and sold C$11,142.00 in company stock.

Percentage Held by Insiders

30.13% of the stock of Blackline Safety is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

Only 21.91% of the stock of Blackline Safety is held by institutions.

BLN Stock Analysis - Frequently Asked Questions

How have BLN shares performed this year?

Blackline Safety's stock was trading at C$8.92 at the start of the year. Since then, BLN stock has decreased by 27.9% and is now trading at C$6.43.
View the best growth stocks for 2024 here.

How do I buy shares of Blackline Safety?

Shares of BLN stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
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What other stocks do shareholders of Blackline Safety own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Blackline Safety investors own include Facedrive (FDVRF), Jack in the Box (JACK), Knight-Swift Transportation (KNX), kneat.com (KSI), Lightspeed Commerce (LSPD), Mitsubishi UFJ Financial Group (MTU) and MediaValet (MVP).

Industry, Sector and Symbol

• Stock Exchange: TSE
• Sector: Computer and Technology
• Industry: Software - Application
• Sub-Industry: N/A
• Current Symbol: TSE:BLN
• Previous Symbol: CVE:BLN
• CUSIP: N/A
• CIK: N/A
• Web: www.blacklinesafety.com
• Phone: +1-403-4510327
• Fax: N/A
• Employees: 496
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: C$7.00
• High Stock Price Target: C$8.00
• Low Stock Price Target: C$5.50
• Potential Upside/Downside: +8.9%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 5 Analysts

Profitability

• EPS (Most Recent Fiscal Year): C($0.23)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: C$-16,980,000.00
• Net Margins: -13.96%
• Pretax Margin: N/A
• Return on Equity: -36.36%
• Return on Assets: -8.43%

Debt

• Debt-to-Equity Ratio: 36.48
• Current Ratio: 2.07
• Quick Ratio: 3.09

Sales & Book Value

• Annual Sales: C$121.63 million
• Price / Sales: 4.32
• Cash Flow: C$0.62 per share
• Price / Cash Flow: 10.32
• Book Value: C$0.70 per share
• Price / Book: 9.19

Miscellaneous

• Outstanding Shares: 81,670,000
• Free Float: N/A
• Market Cap: C$525.14 million
• Optionable: Not Optionable
• Beta: 1.54