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The price of Blink Charging Co (NASDAQ: BLNK) closed at $1.53 in the last session, up 0.66% from day before closing price of $1.52. In other words, the price has increased by $0.66 from its previous closing price. On the day, 3.73 million shares were traded. BLNK stock price reached its highest trading level at $1.58 during the session, while it also had its lowest trading level at $1.5.
Ratios:
We take a closer look at BLNK’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 1.85 and its Current Ratio is at 2.52. In the meantime, Its Debt-to-Equity ratio is 0.06 whereas as Long-Term Debt/Eq ratio is at 0.04.
On November 14, 2024, UBS Downgraded its rating to Neutral which previously was Buy and also lowered its target price recommendation from $3 to $2.
On July 31, 2024, The Benchmark Company started tracking the stock assigning a Buy rating and target price of $5.The Benchmark Company initiated its Buy rating on July 31, 2024, with a $5 target price.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. 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 154797744 and an Enterprise Value of 101492368. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.12 while its Price-to-Book (P/B) ratio in mrq is 0.80. Its current Enterprise Value per Revenue stands at 0.732 whereas that against EBITDA is -1.67.
Stock Price History:
Over the past 52 weeks, BLNK has reached a high of $4.48, while it has fallen to a 52-week low of $1.48. The 50-Day Moving Average of the stock is -17.85%, while the 200-Day Moving Average is calculated to be -39.79%.
Shares Statistics:
According to the various share statistics, BLNK traded on average about 4.63M shares per day over the past 3-months and 5109130 shares per day over the past 10 days. A total of 101.17M shares are outstanding, with a floating share count of 95.23M. Insiders hold about 5.88% of the company’s shares, while institutions hold 35.69% stake in the company. Shares short for BLNK as of 1730332800 were 24716385 with a Short Ratio of 5.34, compared to 1727654400 on 26191813. Therefore, it implies a Short% of Shares Outstanding of 24716385 and a Short% of Float of 25.919999999999998.
