Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
In the latest session, Blink Charging Co (NASDAQ: BLNK) closed at $1.30 up 0.78% from its previous closing price of $1.29. In other words, the price has increased by $0.78 from its previous closing price. On the day, 4.06 million shares were traded. BLNK stock price reached its highest trading level at $1.35 during the session, while it also had its lowest trading level at $1.29.
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 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:
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 131527496 and an Enterprise Value of 78222024. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.95 while its Price-to-Book (P/B) ratio in mrq is 0.68. Its current Enterprise Value per Revenue stands at 0.564 whereas that against EBITDA is -1.287.
Stock Price History:
The Beta on a monthly basis for BLNK is 2.57, which has changed by -0.509434 over the last 52 weeks, in comparison to a change of 0.23809385 over the same period for the S&P500. Over the past 52 weeks, BLNK has reached a high of $3.75, while it has fallen to a 52-week low of $1.27. The 50-Day Moving Average of the stock is -16.30%, while the 200-Day Moving Average is calculated to be -42.36%.
Shares Statistics:
For the past three months, BLNK has traded an average of 5.00M shares per day and 4295510 over the past ten days. A total of 101.15M shares are outstanding, with a floating share count of 92.25M. Insiders hold about 8.82% of the company’s shares, while institutions hold 35.74% stake in the company. Shares short for BLNK as of 1735603200 were 24325868 with a Short Ratio of 4.87, compared to 1732838400 on 24061042. Therefore, it implies a Short% of Shares Outstanding of 24325868 and a Short% of Float of 25.509999999999998.
