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The closing price of Blink Charging Co (NASDAQ: BLNK) was $2.10 for the day, down -1.41% from the previous closing price of $2.13. In other words, the price has decreased by -$1.41 from its previous closing price. On the day, 4.92 million shares were traded. BLNK stock price reached its highest trading level at $2.2001 during the session, while it also had its lowest trading level at $2.07.
Ratios:
Our analysis of BLNK’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 2.10 and its Current Ratio is at 2.82. In the meantime, Its Debt-to-Equity ratio is 0.04 whereas as Long-Term Debt/Eq ratio is at 0.02.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, The Benchmark Company on July 31, 2024, initiated with a Buy rating and assigned the stock a target price of $5.
On January 08, 2024, Needham Upgraded its rating to Buy which previously was Hold but kept the price unchanged to $7.
On September 27, 2023, UBS started tracking the stock assigning a Buy rating and target price of $7.UBS initiated its Buy rating on September 27, 2023, with a $7 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Jun 25 ’24 when Peterson Kristina A. sold 4,510 shares for $2.77 per share. The transaction valued at 12,515 led to the insider holds 0 shares of the business.
FARKAS MICHAEL D sold 52,000 shares of BLNK for $158,184 on Sep 28 ’23. The Former Director Chairman & CEO now owns 2,578,616 shares after completing the transaction at $3.04 per share. On Sep 27 ’23, another insider, FARKAS MICHAEL D, who serves as the Former Director Chairman & CEO of the company, sold 26,000 shares for $3.14 each. As a result, the insider received 81,692 and left with 2,630,616 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 212417088 and an Enterprise Value of 148455040. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.35 while its Price-to-Book (P/B) ratio in mrq is 0.76. Its current Enterprise Value per Revenue stands at 0.946 whereas that against EBITDA is -2.519.
Stock Price History:
Over the past 52 weeks, BLNK has reached a high of $5.47, while it has fallen to a 52-week low of $1.89. The 50-Day Moving Average of the stock is -28.37%, while the 200-Day Moving Average is calculated to be -28.39%.
Shares Statistics:
BLNK traded an average of 5.13M shares per day over the past three months and 7236040 shares per day over the past ten days. A total of 101.15M shares are outstanding, with a floating share count of 95.20M. Insiders hold about 5.89% of the company’s shares, while institutions hold 36.53% stake in the company. Shares short for BLNK as of 1722384000 were 20013971 with a Short Ratio of 3.90, compared to 1719532800 on 19762380. Therefore, it implies a Short% of Shares Outstanding of 20013971 and a Short% of Float of 21.01.
