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In the latest session, Blink Charging Co (NASDAQ: BLNK) closed at $2.08 down -1.42% from its previous closing price of $2.11. In other words, the price has decreased by -$1.42 from its previous closing price. On the day, 3.0 million shares were traded. BLNK stock price reached its highest trading level at $2.1 during the session, while it also had its lowest trading level at $2.03.
Ratios:
For a deeper understanding of Blink Charging Co’s stock, let’s take a closer look at its various ratios. 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Sep 26 ’24 when LEVINE JACK bought 20,000 shares for $1.70 per share. The transaction valued at 34,000 led to the insider holds 175,718 shares of the business.
Peterson Kristina A. sold 24,077 shares of BLNK for $43,377 on Sep 19 ’24. The Director now owns 0 shares after completing the transaction at $1.80 per share. On Jun 25 ’24, another insider, Peterson Kristina A., who serves as the Director of the company, sold 4,510 shares for $2.77 each. As a result, the insider received 12,515 and left with 0 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 210394080 and an Enterprise Value of 146432016. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.34 while its Price-to-Book (P/B) ratio in mrq is 0.76. Its current Enterprise Value per Revenue stands at 0.933 whereas that against EBITDA is -2.485.
Stock Price History:
Over the past 52 weeks, BLNK has reached a high of $4.66, while it has fallen to a 52-week low of $1.53. The 50-Day Moving Average of the stock is 10.49%, while the 200-Day Moving Average is calculated to be -20.62%.
Shares Statistics:
For the past three months, BLNK has traded an average of 4.61M shares per day and 4430860 over the past ten days. A total of 101.15M shares are outstanding, with a floating share count of 95.20M. Insiders hold about 5.88% of the company’s shares, while institutions hold 35.91% stake in the company. Shares short for BLNK as of 1727654400 were 26191813 with a Short Ratio of 5.68, compared to 1724976000 on 28089764. Therefore, it implies a Short% of Shares Outstanding of 26191813 and a Short% of Float of 27.47.
