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As of close of business last night, Blink Charging Co’s stock clocked out at $3.70, up 6.63% from its previous closing price of $3.47. In other words, the price has increased by $6.63 from its previous closing price. On the day, 6.28 million shares were traded. BLNK stock price reached its highest trading level at $3.75 during the session, while it also had its lowest trading level at $3.37.
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 2.28 and its Current Ratio is at 2.94. 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 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 373922016 and an Enterprise Value of 298061824. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.39 while its Price-to-Book (P/B) ratio in mrq is 1.26. Its current Enterprise Value per Revenue stands at 1.905 whereas that against EBITDA is -3.828.
Stock Price History:
The Beta on a monthly basis for BLNK is 2.74, which has changed by -0.43251532 over the last 52 weeks, in comparison to a change of 0.24125004 over the same period for the S&P500. Over the past 52 weeks, BLNK has reached a high of $7.25, while it has fallen to a 52-week low of $2.18. The 50-Day Moving Average of the stock is 21.81%, while the 200-Day Moving Average is calculated to be 25.87%.
Shares Statistics:
It appears that BLNK traded 5.04M shares on average per day over the past three months and 5131650 shares per day over the past ten days. A total of 92.82M shares are outstanding, with a floating share count of 92.79M. Insiders hold about 8.19% of the company’s shares, while institutions hold 27.75% stake in the company. Shares short for BLNK as of 1719532800 were 19762380 with a Short Ratio of 3.92, compared to 1717113600 on 19231432. Therefore, it implies a Short% of Shares Outstanding of 19762380 and a Short% of Float of 20.75.
