Beyond market averages, investors seeking exceptional growth focus on the art of stock selection. The right picks can significantly contribute to the expansion of your wealth.
As of close of business last night, Blink Charging Co’s stock clocked out at $2.30, up 0.44% from its previous closing price of $2.29. In other words, the price has increased by $0.44 from its previous closing price. On the day, 3.49 million shares were traded. BLNK stock price reached its highest trading level at $2.3279 during the session, while it also had its lowest trading level at $2.18.
Ratios:
To gain a deeper understanding of BLNK’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.49 and its Current Ratio is at 3.18. In the meantime, Its Debt-to-Equity ratio is 0.06 whereas as Long-Term Debt/Eq ratio is at 0.02.
On September 27, 2023, UBS started tracking the stock assigning a Buy rating and target price of $7.
On March 28, 2023, Barclays started tracking the stock assigning a Equal Weight rating and target price of $11.Barclays initiated its Equal Weight rating on March 28, 2023, with a $11 target price.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Sep 28 ’23 when FARKAS MICHAEL D sold 52,000 shares for $3.04 per share. The transaction valued at 158,184 led to the insider holds 2,578,616 shares of the business.
FARKAS MICHAEL D sold 26,000 shares of BLNK for $81,692 on Sep 27 ’23. The Former Director Chairman & CEO now owns 2,630,616 shares after completing the transaction at $3.14 per share. On Sep 26 ’23, another insider, FARKAS MICHAEL D, who serves as the Former Director Chairman & CEO of the company, sold 26,000 shares for $3.02 each. As a result, the insider received 78,546 and left with 2,656,616 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, BLNK now has a Market Capitalization of 232286192 and an Enterprise Value of 127524296. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.65 while its Price-to-Book (P/B) ratio in mrq is 0.74. Its current Enterprise Value per Revenue stands at 0.907 whereas that against EBITDA is -1.369.
Stock Price History:
Over the past 52 weeks, BLNK has reached a high of $7.70, while it has fallen to a 52-week low of $2.18. The 50-Day Moving Average of the stock is -19.76%, while the 200-Day Moving Average is calculated to be -35.39%.
Shares Statistics:
It appears that BLNK traded 6.70M shares on average per day over the past three months and 3426880 shares per day over the past ten days. A total of 100.99M shares are outstanding, with a floating share count of 93.77M. Insiders hold about 7.15% of the company’s shares, while institutions hold 29.77% stake in the company. Shares short for BLNK as of 1711584000 were 22215674 with a Short Ratio of 3.32, compared to 1709164800 on 18335517. Therefore, it implies a Short% of Shares Outstanding of 22215674 and a Short% of Float of 24.01.
Earnings Estimates
The performance of Blink Charging Co (BLNK) in the stock market is under the watchful eye of BLND analysts actively contributing to its current rating.The consensus estimate for the next quarter is $760.11, with high estimates of $32.18 and low estimates of $2.30.
